PAYROLL ACCT.,2019 ED.(LL)-TEXT
19th Edition
ISBN: 9781337619783
Author: BIEG
Publisher: CENGAGE L
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Question
Chapter 6, Problem 10PB
To determine
Journalize the payment of fourth quarter FUTA taxes for Company S.
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On December 31, 2019, Reuter Company has a balance of $98.75 in the FUTA taxes payable account. This representsthe employer’s liability for the fourth quarter taxes. Journalize the entry Reuter Company should make in January2020 to record the last transfer (payment) of FUTA taxes for 2019.
Parry Paint LLC started operations on January 1, 2019. It had the following payroll transactions during the
year.
Jan 15 - Paid an employee B. Vaughn gross pay of $2,000 for January 1-15 salary, calculated as
follows:
Deductions
FICA Medicare
Gross Pay
Net Pay
Income taxes
15%
FICA Social
Total
deductions
Security
6.2%
1.45%
$2,000
The company matches FICA deductions.
Required:
a. Calculate B. Vaughn's net pay and journalize the entries to record her payroll.
b. Prepare journal entries to record the above transactions. Show necessary calculations.
The payroll records of Brownlee Company provided the following information for the weekly pay period ended March 23, 2021:
Required:
1. Enter the relevant information in the proper columns of a payroll register and complete the register, calculate CPP and El deductions.
Charge the wages of Kathy Sousa to Office Wages Expense and the wages of the remaining employees to Service Wages Expense.
Calculate Income tax deductions at 20% of gross pay. Employees are paid an overtime premium of 50% for all hours in excess of 40
per week. (Round your intermediate calculations and final answers to 2 decimal places.)
Payroll Week Ended March 23, 2021
Employees
Ray Loran
Kathy Sousa
Gary Smith
Nicole Parton
Diana Wood
1
2
3
4
5
Employment
Insurance
0.00
Employee
No.
View transaction list
CPP
MTWT
11 8
12
0000 O
0.00
7
13 8
14 8
15 0
Daily Time
00 00 00 00
00000
8 8
6
Income
Tax
Journal entry worksheet
2
LL
8
7 8
8 8
8 8
6 6
0.00
F
S S
4
4
SOO ||
0
To
0
4 4
0
0
8 8
Hospital
Insurance
Total
Hours
40.00…
Chapter 6 Solutions
PAYROLL ACCT.,2019 ED.(LL)-TEXT
Ch. 6 - The totals from the payroll register of Olt...Ch. 6 - Olt Companys gross payroll for the week of January...Ch. 6 - _____ 1. 1. Employees earnings record A. Expense...Ch. 6 - Prob. 1QRCh. 6 - For what reason are distribution columns sometimes...Ch. 6 - Prob. 3QRCh. 6 - Prob. 4QRCh. 6 - Prob. 5QRCh. 6 - Prob. 6QRCh. 6 - Prob. 7QR
Ch. 6 - What portions of an employees take-home pay are...Ch. 6 - Prob. 9QRCh. 6 - Prob. 10QRCh. 6 - Prob. 11QRCh. 6 - What must the employer do with unclaimed...Ch. 6 - What special accounts must usually be opened in...Ch. 6 - Prob. 14QRCh. 6 - Prob. 15QRCh. 6 - Prob. 16QRCh. 6 - What accounts are debited and credited when an...Ch. 6 - Prob. 18QRCh. 6 - Prob. 19QRCh. 6 - Prob. 20QRCh. 6 - Prob. 1QDCh. 6 - Prob. 2QDCh. 6 - Prob. 3QDCh. 6 - Prob. 1PACh. 6 - Prob. 2PACh. 6 - a. Cal Ruther, an employer, is subject to FICA...Ch. 6 - The employees of Donnelly Music Company earn total...Ch. 6 - Vulcra, Inc., has a semimonthly payroll of 67,000...Ch. 6 - Prob. 6PACh. 6 - Prob. 7PACh. 6 - The employees of Pelter Company earn wages of...Ch. 6 - The following information pertains to a weekly...Ch. 6 - Prob. 10PACh. 6 - On December 31, 20--, Karmansky Company needed to...Ch. 6 - Kelsey Gunn is the only employee of Arsenault...Ch. 6 - Prob. 13PACh. 6 - At the end of April, Hernandez Company had a...Ch. 6 - Prob. 15PACh. 6 - In the Illustrative Case in this chapter, payroll...Ch. 6 - Prob. 1PBCh. 6 - Prob. 2PBCh. 6 - Prob. 3PBCh. 6 - The employees of Carson Bakery Company earn total...Ch. 6 - Purnell, Inc., has a semimonthly payroll of 53,900...Ch. 6 - Adams, Inc., pays its employees weekly wages in...Ch. 6 - Prob. 7PBCh. 6 - The employees of Portonegra Company earn wages of...Ch. 6 - The following information pertains to a weekly...Ch. 6 - Prob. 10PBCh. 6 - Prob. 11PBCh. 6 - Prob. 12PBCh. 6 - Prob. 13PBCh. 6 - At the end of June, Morton Company had a balance...Ch. 6 - Prob. 15PBCh. 6 - In the Illustrative Case in this chapter, payroll...Ch. 6 - Frank Flynn is the payroll manager for Powlus...
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