Vulcra, Inc., has a semimonthly payroll of $67,960 on September 15, 20--. The total payroll is taxable under FICA Taxes-HI; $63,780 is taxable under FICA Taxes-OASDI; and $10,250 is taxable under FUTA and SUTA. The state contribution rate for the company is 4.1%. The amount withheld for federal income taxes is $9,932. The amount withheld for state income taxes is $1,448. Journalize the payment of the wages, and record the payroll taxes on September 15. If an amount box does not require an entry, leave it blank. Round your answers to the nearest cent.   Account Debit Credit Payment of wages   fill in the blank 64ee8a05df97fa2_2 fill in the blank 64ee8a05df97fa2_3     fill in the blank 64ee8a05df97fa2_5 fill in the blank 64ee8a05df97fa2_6     fill in the blank 64ee8a05df97fa2_8 fill in the blank 64ee8a05df97fa2_9     fill in the blank 64ee8a05df97fa2_11 fill in the blank 64ee8a05df97fa2_12     fill in the blank 64ee8a05df97fa2_14 fill in the blank 64ee8a05df97fa2_15     fill in the blank 64ee8a05df97fa2_17 fill in the blank 64ee8a05df97fa2_18             Payroll taxes   fill in the blank 64ee8a05df97fa2_20 fill in the blank 64ee8a05df97fa2_21     fill in the blank 64ee8a05df97fa2_23 fill in the blank 64ee8a05df97fa2_24     fill in the blank 64ee8a05df97fa2_26 fill in the blank 64ee8a05df97fa2_27     fill in the blank 64ee8a05df97fa2_29 fill in the blank 64ee8a05df97fa2_30     fill in the blank 64ee8a05df97fa2_32 fill in the blank 64ee8a05df97fa2_33   b.  Assume that the employees of Vulcra, Inc., must also pay state contributions (disability insurance) of 1% on the taxable payroll of $62,230.00 and that the employees' contributions are to be deducted by the employer. Journalize the September 15 payment of wages, assuming that the state contributions of the employees are kept in a separate account. For a compound transaction, if an amount box does not require an entry, leave it blank. Round your answers to the nearest cent. Date Account Debit Credit Sept. 15   fill in the blank a1c12afa5fbc02e_2 fill in the blank a1c12afa5fbc02e_3     fill in the blank a1c12afa5fbc02e_5 fill in the blank a1c12afa5fbc02e_6     fill in the blank a1c12afa5fbc02e_8 fill in the blank a1c12afa5fbc02e_9     fill in the blank a1c12afa5fbc02e_11 fill in the blank a1c12afa5fbc02e_12     fill in the blank a1c12afa5fbc02e_14 fill in the blank a1c12afa5fbc02e_15     fill in the blank a1c12afa5fbc02e_17 fill in the blank a1c12afa5fbc02e_18     fill in the blank a1c12afa5fbc02e_20 fill in the blank a1c12afa5fbc02e_21

Q: Journalize the transactions shown

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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.