Willa is getting ready to prepare a Form 940 for her payroll department. Whatinformation does she need to do this?A. information about state and local wages and taxesB. the total number of employees on payrollOC. the amount of employee salaries and wages from the previousyearOD. her company's Employee ID number, name, and address

The Unemployment Compensation (UC) program offers compensation to eligible people who have lost…

Willa is getting ready to prepare a Form 940 for her payroll department. What information does she need to do this? OA. information about state and local wages and taxes OB. the total number of employees on payroll OC. the amount of employee salaries and wages from the previous year O D. her company's Employee ID number, name, and address

Willa is getting ready to prepare a Form 940 for her payroll department. What information does she need to do this? OA. information about state and local wages and taxes OB. the total number of employees on payroll OC. the amount of employee salaries and wages from the previous year O D. her company's Employee ID number, name, and address

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter9: Payroll, Estimated Payments, And Retirement Plans

Section: Chapter Questions

Problem 5MCQ

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Similar questions

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The following form is used by Matsuto Manufacturing Co. to compute payroll taxes incurred during April: Required: 1. Using the above form, calculate the employers payroll taxes for April. Assume that none of the employees has achieved the maximums for FICA and unemployment taxes. 2. Assuming that the employer payroll taxes on factory wages are treated as factory overhead, the taxes covering administrative salaries are an administrative expense, and the taxes covering sales salaries are a selling expense, prepare a general journal entry to record the employer's liability for the April payroll taxes.
JOURNAL ENTRIES FOR PAYMENT OF EMPLOYER PAYROLL TAXES Angel Ruiz owns a business called Ruiz Construction Co. He does his banking at Citizens National Bank in Portland, Oregon. The amounts in his general ledger for payroll taxes and the employees withholding of Social Security, Medicare, and federal income tax payable as of April 15 of the current year are as follows: Journalize the quarterly payment of the employee federal income taxes and Social Security and Medicare taxes on April 15, 20--, and the payments of the FUTA and SUTA taxes on April 30, 20--.
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