The following information relates to CA Enterprises payroll for the month of July: Wages Income tax withheld Employees' CPP contributions Employees' El contributions Company contributions for CPP Company contributions for El $16875 O $18088.30. O $18027.55. $10445.65. O $15769.70. 3375 835.30 270 835.3 378 The total wage expense for CA Enterprises for the month of July is

The following information relates to CA Enterprises payroll for the month of July: Wages Income tax withheld Employees' CPP contributions Employees' El contributions Company contributions for CPP Company contributions for El $16875 O $18088.30. O $18027.55. $10445.65. O $15769.70. 3375 835.30 270 835.3 378 The total wage expense for CA Enterprises for the month of July is

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 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 $128,400 of earnings. The Medicare rate is 1.45% on gross earnings. Calculate the employer's payroll taxes expense and prepare thejournal entry to record the employer'spayroll taxes expense for the week ended July 15of the current year.
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The following totals for the month of April were taken from the payroll register of Concord Company. Salaries and wages FICA taxes withheld Income taxes withheld Medical insurance deductions Federal unemployment taxes State unemployment taxes $72500 5514 15400 2610 194 1301 The entry to record the Payroll Tax Expense would include a O credit to Salaries and Wages Payable. O debit to Federal Unemployment Payable. credit to FICA Taxes Payable. O credit to Payroll Tax Expense. 99+
Alpesh
Carla Vista Company has the following data for the weekly payroll ending May 31: Hours Worked Employee M Tu W Th F S HourlyRate CPPDeduction Income TaxWithheld HealthInsurance A. Kassam 12 7 8 7 7 5 $16 $35.48 $93.70 $8 H. Faas 9 9 8 8 8 6 11 24.98 72.15 15 G. Labute 12 9 6 10 10 0 16 36.66 108.65 12 Employees are paid 1.5 times the regular hourly rate for all hours worked over 40 hours per week. Carla Vista Company must make payments to the workers’ compensation plan equal to 2% of the gross payroll. In addition, Carla Vista matches the employees’ health insurance contributions and accrues vacation pay at a rate of 4%. Prepare the payroll register for the weekly payroll. Calculate each employee’s EI deduction at a rate of 1.66% of gross pay Record the payroll and Carla Vista Company’s employee benefits
A6 please help....
Payroll Register The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 20Y8: Hours Hourly Employee Worked Rate Weekly Salary Federal Retirements Income Tax Savings Aaron 47 $30 $348.45 $75 Cobb 46 42 442.47 65 Clemente 45 234.65 75 DiMaggio 36 40 302.4 90 Griffey, Jr. 44 38 367.08 75 Mantle $2.170 520.80 90 Robinson 38 34 193.80 80 Williams 2,430 534.60 60 Vaughn 41 46 381.80 100 Employees Mantle and Williams are office staff, and all of the other employees are sales personnel. All sales personnel are paid 1½ times the regular rate for all hours in excess 40 hours per week. The social security tax rate is 6%, and Medicare tax is 1.5% of each employee's annual earnings. The next payroll check to be used is No. 901. Required: 1. Prepare a payroll register for Throwback Industries Inc. for the week ended December 9, 2018. Assume the normal working hours in a week are 40 hours. Enter amounts as positive numbers. Round your Intermediate…
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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