a. Cal Yanza, an employer, is subject to FICA taxes but exempt from FUTA and SUTA taxes. During the last quarter of the year, his employees earned monthly wages of $9,000, all of which is taxable. The amount of federal income taxes withheld each month is $1,170. Journalize the payment of wages, and record the payroll tax on November 29. For a compound transaction, if an amount box does not require an entry, leave It blank. When required, round your answers to the nearest cent. Date Account Debit Credit Nov. 29 Nov. 29 III

a. Cal Yanza, an employer, is subject to FICA taxes but exempt from FUTA and SUTA taxes. During the last quarter of the year, his employees earned monthly wages of $9,000, all of which is taxable. The amount of federal income taxes withheld each month is $1,170. Journalize the payment of wages, and record the payroll tax on November 29. For a compound transaction, if an amount box does not require an entry, leave It blank. When required, round your answers to the nearest cent. Date Account Debit Credit Nov. 29 Nov. 29 III

PAYROLL ACCT.,2019 ED.(LL)-TEXT

19th Edition

ISBN:9781337619783

Author:BIEG

Publisher:BIEG

Chapter6: Analysing And Journalizing Payroll

Section: Chapter Questions

Problem 7PB

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