Widmer Company had gross wages of $162,000 during the week ended June 17. The amount of wages subject to social security tax was $145,800, while the amount of wages subject to federal and state unemployment taxes was $20,000. Tax rates are as follows: Social security 6.0% Medicare 1.5% State unemployment 5.4% Federal unemployment 0.8% The total amount withheld from employee wages for federal taxes was $32,400. If an amount box does not require an entry, leave it blank. If required, round answers to two decimal places. a.  Journalize the entry to record the payroll for the week of June 17. June 7   fill in the blank ff7bb505303103a_2 fill in the blank ff7bb505303103a_3     fill in the blank ff7bb505303103a_5 fill in the blank ff7bb505303103a_6     fill in the blank ff7bb505303103a_8 fill in the blank ff7bb505303103a_9     fill in the blank ff7bb505303103a_11 fill in the blank ff7bb505303103a_12     fill in the blank ff7bb505303103a_14 fill in the blank ff7bb505303103a_15 b.  Journalize the entry to record the payroll tax expense incurred for the week of June 17. June 7   fill in the blank 97c9420affbb06e_2 fill in the blank 97c9420affbb06e_3     fill in the blank 97c9420affbb06e_5 fill in the blank 97c9420affbb06e_6     fill in the blank 97c9420affbb06e_8 fill in the blank 97c9420affbb06e_9     fill in the blank 97c9420affbb06e_11 fill in the blank 97c9420affbb06e_12     fill in the blank 97c9420affbb06e_14 fill in the blank 97c9420affbb06e_15

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: Townson Company had gross wages of $200,000 during the week ended December 10. The amount of wages…

A: Journal: Recording of a business transactions in a chronological order.

Q: $135,000 Federal income tax w 250,רר Social security tax wi $212,250 Medicare tax withhelo ployment…

A: Journalise the monthly payroll for November,based on the following data :     Description  Debit…

Q: The payroll register for D. Salah Company for the week ended May 18 indicated the following: Line…

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Q: Recording Employer Payroll Taxes Pletenets Co. has 10 employees, each of whom earns $2,000 per month…

A: Gross pay refers to the total amount of money an employee earns before any deductions, such as…

Q: The corporation payroll for the first week in March was $35,000. The amount of income tax withheld…

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A: Journal entry: This is the first step to record accounts. It is written in the same order in which…

Q: a. Journalize the entry to record the payroll for the week of July 15.* b. Journalize the entry to…

A: ournal: Recording of a business transactions in a chronological order.

Q: The following information about the payroll for the week ended December 30 was obtained from the…

A: Social Security Tax Payable  = Gross salaries x Social security tax rate = $352,000*6% = $21,120…

Q: Widmer Company had grosswages of $320,000 during the week ended June 17. The amount of wages subject…

A: Journal entries are the reporting of the transactions in the books of accounts to maintain a record…

Q: The payroll register of Clapton Co. indicates $11,340 of social security withheld and $2,835 of…

A: Directly or indirectly employees and employers are liable for payroll taxes. The employer bore the…

Q: Widmer Company had gross wages of $296,000 during the week ended June 17. The amount of wages…

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Q: In January, gross earnings in Kemstar Company totalled $90,000. All earnings are subject to Standard…

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Q: Urban Window Company had gross wages of $370,000 during the week ended July 15. The amount of wages…

A: Journal Entry :- The purpose of preparing the journal entry to segregate the transaction which are…

Q: Widmer Company had gross wages of $226,000 during the week ended June 17. The amount of wages…

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Q: Payroll for Kicker Sound Systems for January was $150,000 and the following withholdings, fringe…

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Q: Widmer Company had gross wages of $155,000 during the week ended June 17. The amount of wages…

A: Social Security tax payable = wages subject to social security tax ×6% = $139,500 × 6% = $8370

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

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Q: EL Payroll Entries Widmer Company had gross wages of $153,000 during the week ended June 17. The…

A: Payroll costs are business costs of salaries and wages being paid to employees. Until payroll…

Q: The following information about the payroll for the week ended December 30 was obtained from the…

A: Social Security Tax Payable  = Gross salaries x Social security tax rate = $352,000*6% = $21,120…

Q: The following information about the payroll for the week ended December 30 was obtained from the…

A: Payroll CalculationsSalaries:Sales salaries: $282,000Warehouse salaries: $155,000Office salaries:…

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A: Taxation: Taxation refers to the imposition of compulsory financial obligations by the government on…

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Q: Journalize Payroll Tax The payroll register of Wang Engineering Co. indicates $2,022 of social…

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Q: According to a summary of the payroll of Scofield Industries Co., $600,000 was subject to the 6.0%…

A: 1. STATE UNEMPLOYMENT TAXES : = $20,000 X 4.2 % = $840   2. FEDERAL UNEMPLOYMENT TAXES : = $20,000…

Q: Cramer Company issued a $960,000, 5%, 90-day note receivable dated July 3. Calculate the maturity…

A: As per our protocol we provide solution to the one question only but you have asked two questions…

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

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Q: The following information about the payroll for the week ended December 30 was obtained from the…

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Q: The payroll registers for Schmidt Company for the week ended April 29 indicated the following:…

A:

Q: Urban Window Company had gross wages of $208,000 during the week ended July 15. The amount of wages…

A: The taxes that are paid by both the employer and the employee to support the country's employee…

Q: The payroll register of Sara Company indicates $5,850 of social security tax withheld and $1,600 of…

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Q: Gross payroll $19,738 Federal income tax withheld $2,900 Social security rate 6% Federal…

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Q: The payroll register for D. Salah Company for the week ended May 18 indicated the following: Line…

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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.