Journalize period payroll The payroll register of Heritage Co. indicates $3,900 of social security withheld and $975 of Medicare tax withheld on total salaries of $65,000 for the period. Federal withholding for the period totaled $14,250. Retirement savings withheld from employee paychecks were $2,600 for the period.Journalize the entry to record the period’s payroll.

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

A: Journal entry: It is the duty of the accountant to record business economic and non-economic…

Q: The payroll register for Gamble Company for the week ended April 29 indicated the following:…

A: Journal entry refers to the recording made by the business in the books of accounts, of all the…

Q: May 18 b. Journalize the entry to record the payroll tax expense incurred for the week of May 18.…

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

Q: Journalize Payroll Tax The payroll register of Heritage Co. indicates $3,900 of social security…

A: A payroll tax is a tax paid on the wages and salaries of employees to finance social insurance…

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 payroll register for Schmidt Company for the week ended April 29 indicated the following:…

A: Note:- Dear student Accounting equations are not done because we didn't find any instructions in…

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: Compute Payroll An employee earns $20 per hour and 1.75 times that rate for all hours in excess of…

A:

Q: Calculate Payroll An employee earns $32 per hour and 1.75 times that rate for all hours in excess…

A: Introduction: Payroll accounts are maintained separately to record the salaries paid to everyone in…

Q: An employee earns $36 per hour and 1.75 times that rate for all hours in excess of 40 hours per…

A: Since the employee works for an overtime of additional 15 hours   55 - 40 15 hrs His wage rate for…

Q: The payroll register for Gentry Company for the week ended December 17 indicated the following:…

A: If a business has employees, it has to record for payroll. Payroll is the aggregate expenditure on…

Q: Journalize Payroll Tax The payroll register of Wang Engineering Co. indicates $2,346 of social…

A: State unemployment tax = earnings subject to state and federal tax × 5.4%

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

A: Social Security Tax Payable = Gross wages x Social security tax rate Medicare Tax Payable = Gross…

Q: Calculate Payroll An employee earns $24 per hour and 1.75 times that rate for all hours in excess…

A: Wages: Wages are the earnings of the employees for their work to the company they serve. These are…

Q: The payroll register of Seaside Architecture Company indicates $820 of social security and $215 of…

A: Payroll tax: It refers to the tax that is levied on the company on the spending of its employees.…

Q: 1. Assuming that the payroll for the last week of the year is to be paid on December 31, journalize…

A: 1. a. Reference: b. Reference:

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: 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: Payroll Entries The payroll register for D. Salah Company for the week ended May 18 indicated the…

A: Tax liability: It is the total amount of tax owed is a given period, by individuals and…

Q: PAYROLL LIABILITY: On 15 September 2020, Speedy directly transferred $30,000 to employees’ bank…

A: Payroll transaction is journalized by debiting the total salaries expense and crediting the amount…

Q: he payroll register of Chen Heritage Co indicates $2,472 of social security withheld and $618.00 f…

A: Given information, Social security withheld = $2,472  Total salaries = $41,200  Medicare tax…

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: Journalize Payroll Tax The payroll register of Wang Engineering Co. indicates $966 of social…

A: State unemployment tax payable = 5000×5.4% =$270

Q: Urban Window Company had gross wages of $320,000 during the week ended July 15. The amount of wages…

A: The employer withholds the Employees Federal Income Tax payable from their Wages. The employer…

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

A:

Q: Sales salaries Federal income tax withheld Office salaries Medical insurance withheld Social…

A: Payroll Calculation of payroll expenses which are treated as important part in the accounting in the…

Q: The payroll register for Gamble Company for the week ended April 29 indicated the following:…

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

Q: The payroll register of Seaside Architecture Company indicates $820 of social security and $215 of…

A: Federal Unemployment Tax Payable ($4,900*0.8%) = $39.20 State Unemployment Tax Payable =…

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: Journalize payroll taxThe payroll register of Heritage Co. indicates $4,200 of social security…

A: The payroll accounting includes the recording of the payroll expenses, employees'…

Q: The payroll register for Heilman Mfg. for the week of August 20th indicates the following: salaries…

A: Prepare journal entry to record payroll for the week of August 20:

Q: Journalize Period Payroll The payroll register of Wang Engineering Co. indicates $960 of social…

A: Payroll taxes:  Payroll taxes are the taxes withheld by the employers from the wages/salary payable…

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

A: Solution:- a)Journal Entry to record the payroll expense as follows:- Working notes:- Social…

Q: The payroll register for Gamble Company for the week ended April 29 indicated the following:…

A: A.Prepare journal entry to record the payroll for the week of April 29.

Q: Payroll tax entries   Instructions Chart of Accounts First Question Journal       Instructions…

A: Given information is: Taxable Income = $770,000 Social security tax rate = 6% Medicare tax = 1.5%…

Q: Widmer Company had gross wages of $162,000 during the week ended June 17. The amount of wages…

A: Social Security tax = Social Security Taxable Earnings x Social Security tax rate = $145,800*6.00% =…

Q: Journal entries for payroll A partial summary of the payroll data for Burrington Manufactur- ing…

A: Financial transactions are initially recorded in the form of journal entry.

Q: Recording Payroll and Payroll Taxes Manchester, Inc., had the following payroll for March:…

A: Salaries expense = Office salaries + Sales salaries = $ 390000 +$ 650000 = $ 1040000

Q: Entries for Payroll and Payroll Taxes The following information about the peyroil for the week ended…

A: In this question, we have been given information related to the Payroll role, and on the basis of…

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

A: Journal entries for recording the payroll and payroll tax for April 29.

Q: Compute Payroll An employee earns $22 per hour and 2 times that rate for all hours in excess of 40…

A: a. Regular Earning = 40 * 22 = $880     Overtime Earning = (50 -40) * 22 * 2   Overtime Earning =…

Q: Recording Payroll and Payroll Taxes The following information about the payroll for the week ended…

A: Journal Entries

Q: Calculating Payroll Taxes Expense and Preparing Journal Entry Selected information from the payroll…

A: Gross pay: It is the total amount of wages earned by employees without deducting any taxes or…

Q: Nov. 30: Journalized the monthly payroll for November, based on the following data: Salaries…

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

Q: Journalize Period Payroll The payroll register of Wang Engineering Co. indicates $1,860 of social…

A: Payroll is the system related to the recording and maintenance of salary structure in the…

Q: irections for Assignment A: eeknet Company's payroll register has the following totals for the…

A: Cash Payment Journal All cash payments (or disbursements) made by the company are recorded in a cash…

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

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: The payroll register for Gamble Company for the week ended April 29 indicated the following:…

A: When a company records the compensation of its employees, such type of accounting is known as…

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.