Payroll Journal Entry 1.  Journalize the following data taken from the payroll register of CopyMasters as of April 15, 20—.When required, enter amounts in dollars and cents. If an amount box does not require an entry, leave it blank. Regular earnings $ 5,665 Overtime earnings   820 Deductions:           Federal income tax   610       Social Security tax   402.07       Medicare tax   94.03       Pension plan   90       Health insurance premiums   280       United Way contributions   120

Q: The payroll register of Seaside Architecture Company indicates $990 of social security and $252 of…

A: Payroll Accounting: The process of payroll accounting includes the computation and payment of…

Q: Calculation and Journal Entry for Employer Payroll Taxes  1. Calculate the employer's payroll taxes…

A: Total current earnings = $720+$370+$1240+$850+$900 = $4080 Total of unemployment compensation =…

Q: The fiscal year of the business is June 1 to May 31

A: FUTA- The Federal Unemployment Tax Act (FUTA) is a regulation that applies to professions or…

Q: Determine the amount of Social Security and Medicare taxes to be withheld. If required, round your…

A: Particulars Wages % Amount Social Security Tax  $ 7,600 6.20% $ 471.20 Medicare Tax $ 8,400…

Q: Record the journal entries for each of the following payroll transactions. If an amount box does not…

A: Journal entries: - Journal entries are the initial entries that we make for the business…

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

A: Introduction:- The act of recording or keeping track of any financial or non-financial action is…

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

A: There are different accounts are prepared.

Q: The payroll register of Heritage Co. indicates $4,200 of social security withheld and $1,050 of…

A: Payroll seems to be the total of all remuneration that a company should provide to its employees…

Q: He payroll register of Seaside APchitecture Company indicates $820 of social security and $215 of…

A: Payroll journal entries are used to keep track of employee compensation. The general ledger then…

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 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: 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: The journal entry to record the payroll from Figure 6.1, on pages 6-2 and 6-3, would be:   Debit…

A: Journal entry - It refers to the process where the business transactions are recorded in the books…

Q: The payroll register of Seaside Architecture Company indicates $980 of Social Security and $254 of…

A: Salaries payable = Salaries expense -Social Security tax payable - Medicare tax payable - Employees…

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

A: Payroll is the compensation amount paid to its employees by a company for a set period and on a…

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: 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: 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: 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: 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: Record the journal entries for each of the following payroll transactions. If an amount box does not…

A: Payroll: Payroll refers to the total amount that is required to be paid by the company to its…

Q: ayroll Register and Payroll Journal Entry 1.  Prepare a payroll register for Mary’s Luxury Travel…

A: Payroll: Payroll refers to the total amount that is required to be paid by the company to its…

Q: The payroll register of Seaside Architecture Company indicates $910 of social security and $251 of…

A: Net Salaries Payable = Total Salaries - Social Security Tax - Medicare Tax - Federal Income Tax =…

Q: he journal entry to record the payroll from Figure 6.1, on pages 6-2 and 6-3, would be:   Debit…

A: a. Record journal entry for payment of wages, payroll and withhold taxes payable as shown below:…

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

A: Net Salaries Payable = Total salaries for the period - Total amount withheld = $65,000 - ($3,900 +…

Q: The journal entry to record the payroll from Figure 6.1, on pages 6-2 and 6-3, would be:   Debit…

A: Given the following information: Payroll: $67,000 The total payroll is taxable under FICA Taxes-HI;…

Q: trying to learn payroll pls explain step by step thank you! Payroll Journal Entry Regular earnings…

A: Journal entries are prepared to record the financial and non-financial transactions of the business.

Q: KMH Industries is a monthly schedule depositor of payroll taxes. For the month of August 2020, the…

A: Citizens are taxed in proportion to their financial situation, promoting social and economic…

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: 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: 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: Journalizing Payroll Transactions 1.  Determine the amount of Social Security and Medicare taxes to…

A: Payroll is the compensation a business must pay to its employees for a period it include employees…

Q: Record the journal entries for each of the following payroll transactions. If an amount box does not…

A: The primary reporting of transactions in the books of accounts is referred to as journal entries.

Q: The payroll register of Seaside Architecture Company indicates $840 of social security and $213 of…

A: Formula: State Unemployment Tax Payable = Total salaries x State Unemployment Tax rate Federal…

Q: The payroll register of Seaside Architecture Company indicates $990 of Social Security and $258 of…

A: Salaries Payable = Salaries Expense - Social Security Tax - Medicare Tax - Federal Income Tax =…

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: Summary Payroll Data Assume that the social security tax rate is 6% and the Medicare tax rate is…

A: The income paid to an employee is comprised of various components that make the total income. Taxes…

Q: alize Payroll Tax The payroll register of Patel Heritage Co indicates $1,986 of social security…

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

Q: Journalizing Payroll Transactions 1.  Determine the amount of Social Security and Medicare taxes to…

A: In the above equation, the social security tax has been calculated by taking the earnings subject to…

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: e payroll register of Seaside Architecture Company indicates $970 of Social Security and $258 of…

A: INTRODUCTION: Payroll is the remuneration that a company must pay its employees for a specified…

Q: The payroll register of Seaside Architecture Company indicates $960 of social security and $260 of…

A: Payroll is the automation of settling the dues towards the employees of the organization and 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: PROBLEM: ON JANUARY 16, 2021, THE PAYROLL DEPARTMENT PROCESSED PAYROLL CHECKS FOR 300 EMPLOYEES…

A: The journal entries are prepared to record day to day transactions of the business.