[The following information applies to the questions displayed below.]The following summary data for the payroll period ended on April 10, 2018, are available for Brac Construction Ltd.:        Gross pay $ ? FICA tax withholdings   ? Income tax withholdings   18,212 Medical insurance contributions   1,247 Union dues   530 Total deductions   26,380 Net pay   57,160     Required:a. Calculate the missing amounts and then determine the FICA tax withholding percentage. (Round FICA tax withholding percentage to 2 decimal places.) GROSS PAY  ? FICA TAX WithHoldings  ? FICA TAX WITHHOLDINGS PERCENTAGE %    ?   Record the journal entry to show the effects of the payroll accrual. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Q: Journalize the transactions shown

A: Calculate Salary expense = Gross salary - Tax payables - Insurance premium payables.

Q: The following totals for the month of April were taken from the payroll records of Concord…

A: The entry to record the payroll expenses is  Particulars Debit (in $)  Credit (in $) Salaries…

Q: ng to a summary of the payroll of Scotland Company, $450,000 was sub cial security tax and $500,000…

A: The acronym SUTA stands for State Unemployment Tax which has been deducted for the unemployed…

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

A: Given information is: On December 31,2017, Franklin purchased $13,000 of merchandise inventory on a…

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

A: Compute state and federal unemployment compensation taxes as shown below:

Q: The payroll register of Ruggerio Co. indicates $13,920 of social security withheld and $3,480 of…

A: Journal entry to record the payroll tax expense for the period: Date Description Debit Credit…

Q: The payroll register of Chen Heritage Co. indicates $2,220 of social security withheld and $555 of…

A: Introduction: A journal entry is a record of a commercial transaction in an organization's…

Q: The payroll register of Seaside Architecture Company indicates $800 of Social Security and S211 of…

A: Earnings subject to state and Federal unemployment taxes = $5,200 State unemployment tax payable =…

Q: Required information IThe following information applies to the questions displayed below.] The…

A: Accrued payroll refers to all forms of payment that are owed to employees but have yet to be paid to…

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

A: Journal entries: Date Account journal Debit $ Credit $ Jan 31 Salaries and wages expense…

Q: According to a summary of the payroll of Scotland Company, $450,000 was subject to the 6.0% social…

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

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

A: Employer payroll taxes: The taxes which the employer must pay to the employees with their salaries…

Q: according to a summary of the payroll of Scotland company, salaries for the. Were 500,000 federal…

A: Introduction: A journal is the official book of the firm in which all transactions are documented in…

Q: For the year ended December 31, 2020, Waterway Electrical Repair Company reports the following…

A: Answer a

Q: The payroll register of Patel Engineering Co. indicates $2,916 of social security withheld and $729…

A: Social security and Medicare tax: To give payments to retirees, widows, and surviving children, the…

Q: The payroll register of Seaside Architecture Company indicates $860 of Social Security and $211 of…

A: Federal tax=Unemployment compensation tax×0.8%=$5,300×0.8%=$42.4

Q: The following information about the payroll for the week ended December 30 was obtained from the…

A: Requirement 1)a. Prepare the journal entry to record the payroll on December 30.

Q: Lee Company has the following information for the pay period of December 15–31: Gross payroll…

A: Given that: Gross payroll = $15416 Social security taxes = 6% Medicare rate = 1.5% Federal income…

Q: The payroll register of Salem Communications Co. indicates 6.2% of social security withheld and…

A: Payroll taxes are the amount of tax liability that is to be paid on payment of salaries and wages to…

Q: According to a summary of the payroll of Scotland Company, $450,000 was subject to the 6.0% social…

A: Social Security tax = Taxable Earnings x Social Security tax rate = $500,000*6.00% = $30,000…

Q: The following totals for the month of April were taken from the payroll records of Windsor, Inc..…

A: Payment of net payroll = Gross salaries - FICA taxes withheld - Income taxes withheld - Medical…

Q: The payroll of Sandhill Company for September 2019 is as follows. Total payroll was $508,000, of…

A:

Q: The totals from the first payroll of the year are shown below. Total Earnings   FICA OASDI   FICA HI…

A: Given Information -  Particular Amount ($) FICA OASDI 2244.1 FICA HI 524.83 FIT W/H 6515…

Q: According to a summary of the payroll of Scotland Company, salaries for the period were $400,000.…

A:

Q: he books of Kwek-Kwek Corp. shows the following information related to payroll as of December 31,…

A: 1. Liability: it is the obligation of employer which is payable in near future..   2. Income tax…

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: According to a summary of the payroll of Scotland Company, total salaries were $500,000.  Assume…

A:

Q: The payroll of Sheridan Company for September 2019 is as follows.Total payroll was $492,000, of…

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

Q: The following totals for the month of April vwere taken from the payrall records of Marigold Corp.…

A: The entry to record the payment of net payroll include a debit to Salaries and Wages Payable  =…

Q: Required: If an amount box does not require an entry, leave it blank. 1a.  Assuming that the…

A: Payroll accounting can be defined as the branch under the accounting system which records the…

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

A: Social Security tax = Social Security Taxable Earnings x Social Security tax rate = 787000*6.20% =…

Q: According to a summary of the payroll of Scotland Company, $450,000 was subject to the 6.0% social…

A: Accrued salaries states the liability amount remaining at the end of the reporting year for salaries…

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: The payroll register of Seaside Architecture Company indicates $820 of social security and $219 of…

A: Solution:- Preparation of journal entry to record the employer payroll taxes expense as follows…

Q: The payroll of YellowCard Company for September 2020 is as follows. Total payroll was $480,000, of…

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

Q: Journalize the entry to record the accrual of payroll.

A: Given information is: According to a summary of the payroll of Scotland Company, salaries for the…

Q: The payroll register of Clapton Co. indicates $11,340 of social security withheld and $2,835 of…

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

Q: The books of Kwek-Kwek Corp. shows the following information related to payroll as of December 31,…

A: • Accrued salaries and wages (payable on January 5, 2021)- P660,000

Q: Required information [The following information applies to the questions displayed below.] The…

A: Tax:- A tax is the compulsory payment which is imposed by the tax payer on the income and capital…

Q: The payroll register of Mountainside Architecture Company indicates $1,360 of Social Security and…

A: State Unemployment tax payable = taxable amount x  State Unemployment tax rate = 5200*5.4% = $280.80…

Q: The following totals for the month of April were taken from the payroll records of Nash's Trading…

A: Journal entry is the process of recording the business transactions in the books of accounts for the…

Q: he payroll register of Chen Engineering Co. indicates $1,380 of social security withheld and $345 of…

A: Payroll deductions are the amounts that are mandatorily or voluntarily deducted by the employer from…

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: According to a summary of the payroll of Scotland Company, $450,000 was subject to the 6.0% social…

A: SUTA is the state unemployment tax. The employers are required to pay SUTA taxes because these are…

Q: [The folowng information applies to the questions displayed below The foilowing summary data for the…

A: Assets=Liabilities+Stockholders' Equity