McLoyd Company completed the salaries and wages payroll for March. The payroll provided the following details: Salaries and wages earned$520,000  Employee income taxes withheld 48,100  FICA taxes withheld 37,180  Unemployment taxes 3,615   Considering both employee and employer payroll taxes, use the preceding information to calculate the total labor cost for the company for March. Prepare the journal entry to record the payroll for March, including employee deductions (but excluding employer payroll taxes) and record employer’s FICA taxes and unemployment taxes. Employees were paid in March but amounts withheld were not yet remitted.

Q: Townson Company had gross wages of $200,000 during the week ended December 10. The amount of wages…

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

Q: On January 15, the end of the first pay period of the year, North Company’s employees earned $28,000…

A: Payroll taxes The employer is required to pay a certain percentage to the government on the behalf…

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

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

Q: On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned…

A: Tax is the amount which is to be paid to the tax authorities of a nation.

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

A: a)

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

A: Journal entry for Payroll tax expense: Date Description Debit  Credit    Payroll tax…

Q: On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned…

A: Payroll taxes are the percentage of employee's salary that an employer held to pay it to the…

Q: On January 8, the end of the first weekly pay period of the year, Regis Company's payroll register…

A: FICA stands Federal Insurance Contributions Act, which is a US federal payroll contribution directed…

Q: . The following totals for the month of April were taken from the payroll register of Sanson Corp.:…

A: Payroll expenses are expenses related with the salaries of the employees. For their accrual,…

Q: On January 15, the end of the first pay period of the year, North Company's employees earned $32,000…

A: Payroll: The act of paying workers of a firm is referred to as payroll. This process involves…

Q: Sandler Company completed the following two transactions. The annual accounting period ends December…

A: It is the first step to record financial transactions in the books of accounts that has dual effects…

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 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: Urban Window Company had gross wages of $370,000 during the week ended July 15. The amount of wages…

A: Journal Entry :- The purpose of preparing the journal entry to segregate the transaction which are…

Q: On January 8, the end of the first weekly pay period of the year, Regis Company's payroll register…

A: Payroll expense is the expense incurred by an employer for the employment given by him. It includes…

Q: The gross earnings of the factory workers for Waterway Company during the month of January are…

A: a).Factory labor A/c Dr.100800    To Factory wages payable A/c86000    To Employer fringe benefits…

Q: 00             0.92                266.80     Manufacturing 264,000             2.20…

A: Great Manufacturing company         a. Record the estimated premium entry for the payment on…

Q: During the month of March, Preston Company's employees earned wages of $90,000. Withholdings related…

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

Q: On January 8, the end of the first weekly pay period of the year, Regis Company’s employees earned…

A: Tax: It is the compulsory payment that arises on income of individual, corporate and other entities.

Q: Prepare the necessary March 31 journal entry to record salaries and wages expense and salaries and…

A: Particulars  debit credit  mar.31 Salaries and wage Expense  FICA taxes payable Federal income…

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

A: Definition:   Payroll tax: The costs incurred by an employer to pay the employee for his labor,…

Q: On January 21, the column totals of the payroll register for Great Products Company showed that its…

A: Journal entry: It is the activity of recording and summarizing business economic transaction in the…

Q: On January 15, the end of the first pay period of the year, North Company's employees earned $28,000…

A: Payroll entry means entry used to record expenses on salaries and wages to be paid to employees…

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: The information on earnings and deductions for the pay period ended December 14 from King Company's…

A: Compute the total taxable earnings for unemployment, social security and Medicare.

Q: On January 15, the end of the first pay period of the year, North Company's employees earned $28,000…

A: Formula: FICA Social Securities Taxes = Sales Salaries expense x FICA Social Securities Taxes rate…

Q: On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned…

A: Payroll taxes is the percentage of employee's salary that an employer held to pay it to the…

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

A:

Q: During the month of February, Bramble Corp's employees earned wages of $108,000. Withholdings…

A: Your journal entries may not be visible if you use accounting software or outsource your accounting,…

Q: Urban Window Company had gross wages of $248,000 during the week ended July 15. The amount of wages…

A:

Q: The following data for Throwback Industries Inc. relate to the payroll for the week ended December…

A: Federal Income tax: Federal income tax is a tax on income and is imposed by the United State federal…

Q: Lakeview Company completed the following two transactions. The annual accounting period endsDecember…

A: Journal entry: It refers to the recording of day to day transactions of the business in the books of…

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: On January 15, the end of the first pay period of the year, North Company’s employees earned $35,000…

A:

Q: On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned…

A: Journal Entry - It is record of business transaction whether it is economic or non economic activity…

Q: Great Manufacturing Company received and paid a premium notice on January 2 for workers'…

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

Q: Widmer Company had gross wages of $370,000 during the week ended June 17. The amount of wages…

A: Social Security tax Payable = Gross wages x Social Security tax rate = 370000*6% = $22200

Q: Macler Company completed the salary and wage payroll for March. The payroll provided the following…

A: Journal entry is the process of documenting commercial transactions for the first time in the books…

Q: Urban Window Company had gross wages of $310,000 during the week ended July 15. The amount of wages…

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

Q: During the month of February, Bridgeport Corp's employees earned wages of $79,920. Withholdings…

A: Given that total employees earned wages is $ 79920 Salaries and wages payable = Total employee…

Q: Lakeview Company completed the following two transactions. The annual accounting period ends…

A: Prepare the journal entries for the given transactions:

Q: The payroll register for the Puhl Company for the week ended January 15th showed the following :…

A: The wages are the expenses of the company. The federal income tax withheld, roth IRA deductions,…

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

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

Q: On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned…

A: Given that: Office salaries = $25760 Sales salaries = $70840

Q: A review of the accounting records of Munoz Manufacturing indicated that the company incurred the…

A: Payroll costs include all expenses incurred by an employer in order to reward its personnel.…