Question 8If Automated taxes and form setting is on, can you change the date ofpayment for automated taxes?No. If the client needs to select the payment date, they need to turn offAutomated taxes and formsYes. You can change the submission date up to 10 days before submittingthe tax paymentNo. There is no option to change the date of payment in QuickBooks OnlinePayrollYes. Automated taxes gives you total control over the date of the taxpayments

Automation allows tax preparers to quickly access the information they need instead of spending…

Question 8 If Automated taxes and form setting is on, can you change the date of payment for automated taxes? O No. If the client needs to select the payment date, they need to turn off Automated taxes and forms OYes. You can change the submission date up to 10 days before submitting the tax payment O No. There is no option to change the date of payment in QuickBooks Online Payroll Yes. Automated taxes gives you total control over the date of the tax payments

Question 8 If Automated taxes and form setting is on, can you change the date of payment for automated taxes? O No. If the client needs to select the payment date, they need to turn off Automated taxes and forms OYes. You can change the submission date up to 10 days before submitting the tax payment O No. There is no option to change the date of payment in QuickBooks Online Payroll Yes. Automated taxes gives you total control over the date of the tax payments

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Calculation and Journal Entry for Employer Payroll Taxes 1. Calculate the employer's payroll taxes expense. Round your answer to the nearest cent. 2. Prepare the journal entry to record the employer's payroll taxes expense for the week ended July 15 of the current year. Round your answers to the nearest cent, if required. If an amount box does not require an entry, leave it blank. Portions of the payroll register for Barney’s Bagels for the week ended July 15 are shown below. The SUTA tax rate is 5.4%, and the FUTA tax rate is 0.6%, both of which are levied on the first $7,000 of earnings. The Social Security tax rate is 6.2% on the first $118,500 of earnings. The Medicare rate is 1.45% on gross earnings. Barney’s BagelsPayroll Register Total Taxable Earnings of All Employees Total Earnings Unemployment Compensation Social Security $12,200 $10,500 $12,200
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Subject:accounting
1 On 7/1/20 the client sends you a copy of check #111 for payment to Sally's Lawn Care for $500.00. You enter the check into QBO using 7/1/20 as the date. On 7/4/20 check #111 clears the bank and comes through the QBO bank feed for $500.00, however, it’s not “matching” to the entry you already created on 7/1/20. How do you troubleshoot the above issue to get this transaction to "match" in QBO?
D Exercise 5-7A (Static) Which of the following statements are true about state and local income taxes? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) W S X F2 ? All states tax employee earnings. ? Some localities levy income tax on employees. State tax rates on employee earnings vary among states. ? Certain states have no personal income tax deduction. # 3 E JUL 7 80 F3 $ 4 R Q F4 % 5 U * 00 8 DII F8 I ( 9 J K CVBNM A F9 0 < ) 0 F10 L W P 4 F11 { [ = F12 ?
3
A1 please help.....
Problem 9-13----2019The FUTA Tax (LO 9.6) Thomas is an employer with two employees, Patty and Selma. Patty's wages are $12,450 and Selma's wages are $1,310. The state unemployment tax rate is 5.4 percent. Calculate the following amounts for Thomas: Round your answer to two decimal places. a. FUTA tax before the state tax credit $ b. State unemployment tax $ c. FUTA tax after the state tax credit $
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Payroll Journal Entry 1. Journalize the following data taken from the payroll register of CopyMasters as of April 15, 20—.When required, enter amounts in dollars and cents. If an amount box does not require an entry, leave it blank. Regular earnings $ 5,665 Overtime earnings 820 Deductions: Federal income tax 610 Social Security tax 402.07 Medicare tax 94.03 Pension plan 90 Health insurance premiums 280 United Way contributions 120
I already did part b and c and I am struggling to do part a. Help please !!
Summary Payroll Data In the following summary of data for a payroll period, some amounts have been intentionally omitted: Earnings: 1. At regular rate 2. At overtime rate 3. Total earnings Deductions: 4. Social security tax 5. Medicare tax 6. Income tax withheld 7. Medical insurance 8. Union dues 9. Total deductions 10. Net amount paid Accounts debited: 11. Factory Wages 12. Sales Salaries 13. Office Salaries $80,000 ? (32,400) (8,100) (135,000) (18,900) (201,150) $338,850 285,000 ? 120,000 a. Calculate the amounts omitted in lines (1), (3), (8), and (12). Assume that the social security tax rate was 6.0% and the Medicare tax rate was 1.5%. (1) (3)