College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN: 9781305666160
Author: James A. Heintz, Robert W. Parry
Publisher: Cengage Learning
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Chapter 9, Problem 3CE
To determine
Prepare
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Gamma, Inc., has the following information from the payroll of June 30. Following are the details of federal taxes:
Employees' federal income taxes withheld
Employees' FICA taxes withheld
Employer's share of FICA taxes
$2,108.48
1,104.36
1,104.36
Determine the total federal undeposited taxes of Gamma, Inc., for the payroll period ended June 30.
a. $2,108.48
b. $3,212.84
c. $2,208.72
d. $4,317.20
On September 30, Cody Company's selected account balances are as follows:
Employees' Federal Income Tax Payable
$4,738.00
FICA Social Security Tax Payable (employer, $2,110.80;
employee, $2,110.80)
4,221.60
FICA Medicare Tax Payable (employer, $493.66;
employee, $493.66)
987.32
State Unemployment Tax Payable
2,200.00
(Some employees have
Federal Unemployment Tax Payable
570.00
reached the limit.)
Required:
In general journal form, prepare the entries to record the following: If an amount box does not require an entry, enter '0' or leave it blank.
Oct.
15
Payment of liabilities for FICA taxes and the federal income tax.
31
Payment of liability for state unemployment tax.
31
Payment of liability for federal unemployment tax.
On September 30, Hilltop Company's selected payroll accounts are as follows:
FICA Social SecurityTax Payable
FICA Medicare Tax Payable
Employees’ Federal IncomeTax Payable
−
+
−
+
−
+
Sept. 30
1,876.08
Sept. 30
438.76
Sept. 30
3,210.85
(employer)
(employer)
Sept. 30
1,876.08
Sept. 30
438.76
(employee)
(employee)
Bal.
3,752.16
Bal.
877.52
Federal Unemployment Tax Payable
State Unemployment Tax Payable
−
+
−
+
Sept. 30
575.32
Sept. 30
1,183.40
Required:
Prepare general journal entries to record the following:
Oct.
15
Payment of federal tax deposit of FICA taxes and the federal income tax.
31
Payment of state unemployment tax.
31
Payment of federal unemployment tax.
If required, round your intermediate calculations and final answers to the nearest cent and use the rounded…
Chapter 9 Solutions
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
Ch. 9 - Prob. 1TFCh. 9 - Prob. 2TFCh. 9 - Prob. 3TFCh. 9 - Prob. 4TFCh. 9 - The W-4, which shows total annual earnings and...Ch. 9 - Prob. 1MCCh. 9 - LO2 Joyce Lee earns 30,000 a year. Her employer...Ch. 9 - Prob. 3MCCh. 9 - Prob. 4MCCh. 9 - Prob. 5MC
Ch. 9 - Total earnings for the employees of Garys Grill...Ch. 9 - Prob. 2CECh. 9 - Prob. 3CECh. 9 - Prob. 4CECh. 9 - Prob. 1RQCh. 9 - Prob. 2RQCh. 9 - Prob. 3RQCh. 9 - Prob. 4RQCh. 9 - Prob. 5RQCh. 9 - Identify all items that are debited or credited to...Ch. 9 - Prob. 7RQCh. 9 - Prob. 8RQCh. 9 - Prob. 9RQCh. 9 - Prob. 10RQCh. 9 - Prob. 11RQCh. 9 - Prob. 12RQCh. 9 - Prob. 13RQCh. 9 - CALCULATION AND JOURNAL ENTRY FOR EMPLOYER PAYROLL...Ch. 9 - CALCULATION AND JOURNAL ENTRY FOR EMPLOYER PAYROLL...Ch. 9 - CALCULATION OF TAXABLE EARNINGS AND EMPLOYER...Ch. 9 - Prob. 4SEACh. 9 - JOURNAL ENTRIES FOR PAYMENT OF EMPLOYER PAYROLL...Ch. 9 - Prob. 6SEACh. 9 - Prob. 7SPACh. 9 - JOURNALIZING AND POSTING PAYROLL ENTRIES Cascade...Ch. 9 - Prob. 9SPACh. 9 - CALCULATION AND JOURNAL ENTRY FOR EMPLOYER PAYROLL...Ch. 9 - Prob. 2SEBCh. 9 - Prob. 3SEBCh. 9 - TOTAL COST OF EMPLOYEE B. F. Goodson employs...Ch. 9 - JOURNAL ENTRIES FOR PAYMENT OF EMPLOYER PAYROLL...Ch. 9 - Prob. 6SEBCh. 9 - CALCULATING PAYROLL TAXES EXPENSE AND PREPARING...Ch. 9 - JOURNALIZING AND POSTING PAYROLL ENTRIES Oxford...Ch. 9 - Prob. 9SPBCh. 9 - The director of the art department at an...Ch. 9 - Prob. 1ECCh. 9 - The totals line from Nix Companys payroll register...Ch. 9 - Payrex Co. has six employees. All are paid on a...
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