The totals from the first payroll of the year are shown below. Total Earnings   FICA OASDI   FICA HI   FIT W/H   State Tax   Union Dues   Net Pay   $36,195.10   $2,244.10   $524.83   $6,515.00   $361.95   $500.00   $26,049.22     Journalize the entry to record the employer's payroll taxes (assume a SUTA rate of 3.7%).

Q: Helen company paid salaries and wages of the month of April $12,000 applicable federal income tax…

A: Federal income tax withheld payable = Salaries and wages paid × Federal income tax rate

Q: Given the following data from the payroll register of Johnson Construction, prepare the journal…

A: Wages: Wages are the earnings of the employees for their work to the company they serve. These are…

Q: Assume the following data for Blossom Home Appliance Repair for the payroll quarter ended March 31.…

A: The business organizations enter the transactions into the journal for the purpose of keeping track…

Q: The following totals for the month of April were taken from the payroll records of Wildhorse Co..…

A: A payroll register is a register that records the remuneration of all employees and payroll-related…

Q: Complete the following weekly payroll: Assume: (1) FIT calculated by percentage method and (2)…

A: Net pay:- Net pay is considered as the total earnings of employee after all the deduction are taken…

Q: The following totals for the month of April were taken from the payroll register of Magnum Company:…

A: Journal entry for Payroll tax expense: Date Description Debit  Credit    Payroll tax…

Q: The following totals for the month of April were taken from the payroll records of Concord…

A: The entry to record the payroll expenses is  Particulars Debit (in $)  Credit (in $) Salaries…

Q: The following totals for the month of June were taken from the payroll register of Arcon Company:…

A: Salaries means the amount paid to employee for the services rendered.

Q: He payroll register of Seaside APchitecture Company indicates $820 of social security and $215 of…

A: Payroll journal entries are used to keep track of employee compensation. The general ledger then…

Q: The following information relates to CA Enterprises payroll for the month of July: Wages Income tax…

A: Payroll taxes refer to those taxes paid by both employer and employee in order to fund the employee…

Q: Journalize Payroll Tax The payroll register of Wang Engineering Co. indicates $2,346 of social…

A: State unemployment tax = earnings subject to state and federal tax × 5.4%

Q: Journalize the following data taken from the payroll register of CopyMasters as of April 15, 20—:…

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

Q: Selected columns of Envirocon Company's payroll register for March are as follows. The employer's…

A: Payroll costs are costs related to salaries of employees and respective taxes that needs to be paid…

Q: The payroll journal for Northport Enterprises, Inc., is shown.  Social Security and Medicare are…

A: Income tax refers to the amount charged by the government from the individual and organizations on…

Q: Ultimate Accounting Services has the following payroll information for the week ending in December…

A: Wages: Wages are the earnings of the employees for their work to the company they serve. These are…

Q: The payroll register of Seaside Architecture Company indicates $800 of Social Security and S211 of…

A: Earnings subject to state and Federal unemployment taxes = $5,200 State unemployment tax payable =…

Q: Assume the following payroll information for Jane Smith: Gross pay $10,000, Income tax $2,500, EI…

A: The objective of the question is to determine the journal entries to record the employer amounts of…

Q: For the year ended December 31, 2022. Coronado Electrical Repair Company reports the following…

A: Only costs related to employees, such as salary and wages, payroll taxes, benefits expenses, and…

Q: according to a summary of the payroll of Scotland company, salaries for the. Were 500,000 federal…

A: Introduction: A journal is the official book of the firm in which all transactions are documented in…

Q: The payroll register of Seaside Architecture Company indicates $860 of Social Security and $211 of…

A: Federal tax=Unemployment compensation tax×0.8%=$5,300×0.8%=$42.4

Q: Journalize the adjustment for accrued wages for the following Monday, which is the end of the…

A:

Q: Journalize Payroll Tax The payroll register of Wang Engineering Co. indicates $2,712 of social…

A: Payroll taxes: Payroll taxes are the taxes withheld by the employers from the wages/salary payable…

Q: The payroll register of Seaside Architecture Company indicates $920 of social security and $256 of…

A: Journal Entry It is used to record the business transactions of an enterprises

Q: The following totals for the month of April were taken from the payroll records of Windsor, Inc..…

A: The process of documenting commercial transactions for the first time in the books of accounts is…

Q: The following totals for the month of June were taken from the payroll register of Sheffield…

A: The amount of taxes that an employer must pay in connection to the wages and salaries it pays its…

Q: Complete Accounting Services has the following payroll information for the week ended December 7.…

A: Wages: Wages are the earnings of the employees for their work to the company they serve. These are…

Q: The totals from the first payroll of the year are shown below. Total Earnings   FICA OASDI   FICA HI…

A: Given gross pay = $7,475 In order to record accrued expenses, the expense which has been incurred…

Q: Salaries Expense Social Security Tax Payable Medicare Tax Payable Employee Federal Income Tax…

A: Given: Salary expense = $12,400

Q: The following totals for the month of April were taken from the payroll records of Windsor, Inc..…

A: Payment of net payroll = Gross salaries - FICA taxes withheld - Income taxes withheld - Medical…

Q: The payroll register of Seaside Architecture Company indicates $910 of social security and $251 of…

A: Net Salaries Payable = Total Salaries - Social Security Tax - Medicare Tax - Federal Income Tax =…

Q: According  to the accounted of larkspur, inc its payroll taxes for the week were as follows $133.50…

A: Given data: FICA tax = $133.5 Federal unemployment taxes = $16.50 State unemployment tax = $93

Q: The following totals for the month of April were taken from the payroll records of Shamrock Company.…

A: Net amount payable = Gross salaries - FICA taxes withheld - Income taxes withheld - Medical…

Q: The following totals for the month of April were taken from the payroll register of Oriole Company.…

A: Understanding Accrual Accounting:In accrual accounting, we recognize expenses in the period they are…

Q: The payroll register of Heritage Co. indicates $3,900 of social security withheld and $975 of…

A: Net Salaries Payable = Total salaries for the period - Total amount withheld = $65,000 - ($3,900 +…

Q: On September 30, Cody Company's selected account balances are as follows: Employees' Federal Income…

A: Journal entries are the basic foundation of financial statements in which at least two accounts are…

Q: Question Trapper Company has the following data for the weekly payroll ended March 31: Employee…

A: The objective of the question is to prepare a payroll register for Trapper Company's weekly payroll…

Q: Using the Payroll Journal (PRJ01) for XY Consumer Products, the Total Gross Pay is: $1,228.58…

A: 1. List the Gross Pay Amounts: Start by listing out all the individual gross pay amounts provided in…

Q: Entry for payrolltax expense The payroll register of Clapton Co. indicates $11,340 of social…

A: Payroll taxes are imposed directly or indirectly on employers and employees. It is the percentage of…

Q: An employee has total gross wages of $7,000, Federal Unemployment Expense, and State Unemployment…

A: FICA ( Federal Insurance Contribution Act) taxes refers to the deductions from the gross earnings of…

Q: please give me answer in relatable

A: Part B: Payment of the Net PayrollJournal Entry:DateAccountDebitCreditMay 31Salaries Payable114,469…

Q: According to the accountant of Ulster Inc., its payroll taxes for the week were as follows: $137.68…

A: FICA taxes: FICA is called federal insurance contributions act which consists two types of taxes.…

Q: Workers' Compensation Insurance and Adjustment Specialty Manufacturing estimated that its total…

A:

Q: The following totals for the month of June were taken from the payroll register of Concord Company.…

A: Payroll expenses, often referred to as "payroll costs" or "labor costs," represent the total amount…

Q: The following totals for the month of April were taken from the payroll regis

A: A journal entry is a basic accounting record that is used to chronologically track financial…

Payroll Entries

Payroll is a comprehensive record of employees that are paid by the company. Payroll classifies employees into various categories according to their function and pays scale (basic wage, allowance, income tax, other taxes, employee loans, etc.). Payroll processes form the bedrock of every organization as it contains sensitive information on the ‘wage and paycheck’ portion of the company’s strength—its employees. The organization needs to keep a track of the employees currently on the payroll, the net payout for the company, the record of transactions related to the employees including deductions and payroll taxes to identify the liability and its effect on the balance sheet (and other financial statements). Payroll records also include qualitative factors such as the conduct of the employee.