M Company has three employees . George makes $2,400 per month and has worked for the company since January 1, 2023. Becky makes $2,700 per month and has worked for the company since February 1, 2023. Bill works part-time, and as of March 31 , 2023 had earned $3,000 so far this year. Assume it is now getting to the end of April , 2023. George and Becky and Bill all worked in April with Bill working 20 hours a week for four weeks in April at an hourly rate of $21 per hour. Federal Income Tax Withheld of $50 and State Income Tax Withheld of $113.40. REQUIRED : Prepare the entry to record the Payroll for M Company for April, 2023. Then prepare the entry to record the Payroll Taxes for Company for April , 2023
M Company has three employees . George makes $2,400 per month and has worked for the company since January 1, 2023. Becky makes $2,700 per month and has worked for the company since February 1, 2023. Bill works part-time, and as of March 31 , 2023 had earned $3,000 so far this year. Assume it is now getting to the end of April , 2023. George and Becky and Bill all worked in April with Bill working 20 hours a week for four weeks in April at an hourly rate of $21 per hour. Federal Income Tax Withheld of $50 and State Income Tax Withheld of $113.40. REQUIRED : Prepare the entry to record the Payroll for M Company for April, 2023. Then prepare the entry to record the Payroll Taxes for Company for April , 2023
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