Journalize the following data taken from the payroll register of CopyMasters as of April 15, 20—: Regular earnings $5,715.00 Overtime earnings $790.00 Deductions: Federal income tax $625.00 Social Security tax $403.31 Medicare tax $94.32 Pension plan  $80.00 Health insurance premiums   $270.00 United Way contributions      $100.00

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: Selected information from the payroll register of Howard’s Cutlery for the week ended October 7,…

A: For each employee, Security tax is applicable on the first $128,400 of earnings. For each employee,…

Q: The payroll register of Longboat Co. indicates $5,400 of social security withheld and $1,350 of…

A: Payroll: The total payment that a company is required to pay its employee for the service is called…

Q: Assume the following payroll information for John Bell: Gross pay $10,000; deductions: income tax…

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

Q: Journalizing And Posting Payroll Entries Cascade Company has four employees. All are paid on a…

A: DATE  PARTICULARS DOC.NO POST. REF. DEBIT CREDIT 1 15 JUNE Social security tax payable    212…

Q: Selected information from the payroll register of Barbara's Stables for the week ended September 28,…

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

Q: Journalizing And Posting Payroll Entries Cascade Company has four employees. All are paid on a…

A: There are different accounts are prepared.

Q: Selected information from the payroll register of Joanie's Boutique for the week ended September 14,…

A: Given :  Social Security tax = 6.2% Medicare tax  = 1.45% FUTA tax  = 0.6%  SUTA tax =  5.4% on the…

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 totals for the month of June were taken from the payroll register of Arcon Company:…

A: Journal entries should not be used to record routine transactions such as customer billings and…

Q: Payroll Journal Entry Regular earnings $ 5,715.00 Overtime earnings   790.00 Deductions:…

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 Heritage Co. indicates $3,900 of social security…

A: Payroll cost of the business includes total costs related to salaries of the employees and their…

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: For all payroll calculations, use the following tax rates and round amounts to the nearest cent…

A: Prepare journal entry to record accrual of employer payroll taxes expense.

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: The following totals for the month of April were taken from the payroll register of Marigold…

A: The journal entry to record the monthly payroll on April 30 would include a debit to Salaries and…

Q: Calculation and Journal Entry for Employer Payroll Taxes Portions of the payroll register for La…

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

Q: The payroll register of Seaside Architecture Company indicates $920 of social security and $256 of…

A: Journal Entry It is used to record the business transactions of an enterprises

Q: The following is a payroll register for Brown and Associates, for the week ended February 20:…

A: Given that: Salaries = $1,250,000 Social Security Tax Withheld  = $75,000 Medicare Tax Withheld  =…

Q: CALCULATING PAYROLL TAXES EXPENSE AND PREPARING JOURNALENTRY Selected information from the payroll…

A: SUTA stands for "The State Unemployment Tax Act".  SUTA tax will be levied on the total unemployment…

Q: KMH Industries is a monthly schedule depositor of payroll taxes. For the month of August 2021, the…

A: Introduction: A general journal is the first place where information is collected, with dividing…

Q: The totals line from Nix Company’s payroll register for the week ended March 31, 20--, is shown:…

A: A journal entry is a form of accounting entry that is used to report a business transaction in a…

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

A:

Q: XYZ Company is processing payroll for the week ending January 9th. Employee earnings total $5,000.…

A: Employees total earnings=$5,000 Federal Income tax Withheld=$1100 Social Security tax rate=6% =…

Q: Calculation of Taxable Earnings and Employer Payroll Taxes and Preparation of Journal Entry Selected…

A: Payroll It is important for the business to maintain the payroll system which is important for both…

Q: The totals line from Nb:Company'spayroll register for the week ended March 31,20--, is as follows…

A: Hi student Since there are multiple questions, we will answer only first question that is ques no 2.

Q: The payroll register of Heritage Co. indicates $3,900 of social security withheld and $975 of…

A: Payroll: The total payment that a company is required to pay to its employee for the services…

Q: CALCULATION AND JOURNAL ENTRY FOR EMPLOYER PAYROLL TAXES Portions of the payroll register for…

A: Payroll taxes are the amount of taxes that is being payable on salaries payable to employees.

Q: The following totals for the month of April were taken from the payroll register of Magnum Company:…

A: Journal entry is the primary chronicling of the transactions in the books.

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 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 the following data taken from the payroll register of CopyMasters as of April 15, 20—.…

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

Q: Journalizing Payroll Transactions On December 31, the payroll register of Hamstreet Associates…

A: Journal entries are the building blocks of accounting, which is the act of recording the economic or…

Q: XYZ Company is processing payroll for the week ending January 9th. Employee earnings total $5,000.…

A: An entry in a payroll diary is a record of the salary that an employer gives to its employees.…

Q: Payroll Journal Entry 1.  Journalize the following data taken from the payroll register of…

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

Q: Accounting Entries for Payroll and Payroll Taxes The following information about the payroll for the…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: CALCULATION AND JOURNAL ENTRY FOR EMPLOYER PAYROLL TAXES Earnings for several employees for the week…

A: Calculation of Employer Payroll tax expense Particulars Amount FUTA (710*0.6%) 4.26 SUTA…

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: Calculation of Taxable Earnings and Employer Payroll Taxes and Preparation of Journal Entry Selected…

A: Payroll is the compensation paid by the company to its employees for a set period. It is generally…

Q: Selected information from the payroll register of Barbara's Stables for the week ended September 28,…

A: Social Security tax = 6.2% on the first $128,400 of earnings Medicare tax = 1.45% of gross earnings…

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: Journalize the following data taken from the payroll register of CopyMasters as of April 15, 20—.…

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

Q: Calculation of Taxable Earnings and Employer Payroll Taxes and Preparation of Journal Entry…

A: Payroll refers to the payment to be made by the employer to the employees against the services…

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

A: Payroll tax expenses are the expenses which is related to payroll of an employee deduct by the…

Q: The payroll register for Star Express & Company for the pay period ended January 31, 20--, showed…

A: Debit what comes in, Credit what goes out. Debit the receiver, Credit the giver. Debit all expenses…

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.