Payroll Taxes
Hernandez Builders has a gross payroll for January amounting to $500,000. The following amount have been withheld:
Also, the federal unemployment tax rate is 6.2% and applies to all but $50,000 of the gross payroll.
Required:
1. What is the amount of net pay recorded by Hernandez?
2. Prepare the journal entries to record the payroll.
Corporate Financial Accounting
Financial & Managerial Accounting
Accounting Information Systems
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
Principles of Macroeconomics (MindTap Course List)
Fundamentals of Financial Management, Concise Edition (MindTap Course List)
Principles of Economics (MindTap Course List)
Foundations of Business (MindTap Course List)
STATISTICS F/BUSINESS+ECONOMICS-TEXT
Probability and Statistics for Engineering and the Sciences
Principles of Microeconomics (MindTap Course List)
Brief Principles of Macroeconomics (MindTap Course List)
Essentials of Business Communication (MindTap Course List)
ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
Fundamentals of Financial Management (MindTap Course List)
Financial And Managerial Accounting
Principles of Information Security (MindTap Course List)
Database Systems: Design, Implementation, & Management
A Guide to SQL
Principles of Information Systems (MindTap Course List)
Database Systems: Design, Implementation, & Management
Fundamentals of Information Systems
Fundamentals of Information Systems
Fundamentals of Geotechnical Engineering (MindTap Course List)
Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
Precision Machining Technology (MindTap Course List)
Mechanics of Materials (MindTap Course List)
Principles of Information Systems (MindTap Course List)
Automotive Technology: A Systems Approach (MindTap Course List)
Management Of Information Security
Systems Analysis and Design (Shelly Cashman Series) (MindTap Course List)
Electric Motor Control
Solid Waste Engineering
International Edition---engineering Mechanics: Statics, 4th Edition
Principles of Geotechnical Engineering (MindTap Course List)
EBK ELECTRICAL WIRING RESIDENTIAL
Fundamentals of Chemical Engineering Thermodynamics (MindTap Course List)
Steel Design (Activate Learning with these NEW titles from Engineering!)
Automotive Technology
Enhanced Discovering Computers 2017 (Shelly Cashman Series) (MindTap Course List)
Network+ Guide to Networks (MindTap Course List)
Structural Analysis
College Accounting (Book Only): A Career Approach
Financial Accounting
Intermediate Accounting: Reporting And Analysis
College Accounting (Book Only): A Career Approach
Managerial Accounting: The Cornerstone of Business Decision-Making
College Accounting, Chapters 1-27
Survey of Accounting (Accounting I)
Accounting (Text Only)
Corporate Financial Accounting
PAYROLL ACCT.,2019 ED.(LL)-TEXT
Financial Accounting
Managerial Accounting
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
Cornerstones of Cost Management (Cornerstones Series)
Accounting Information Systems
Financial & Managerial Accounting
Management, Loose-Leaf Version
Economics For Today
Microeconomics
Microeconomics: Private and Public Choice (MindTap Course List)
Exploring Economics
Practical Management Science
Macroeconomics: Private and Public Choice (MindTap Course List)
Fundamentals of Financial Management (MindTap Course List)
Economics (MindTap Course List)
MKTG 12:STUDENT ED.-TEXT
Essentials of Economics (MindTap Course List)
Contemporary Marketing
MACROECONOMICS FOR TODAY
Micro Economics For Today
Pkg Acc Infor Systems MS VISIO CD
Economics: Private and Public Choice (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Understanding Management (MindTap Course List)
Macroeconomics
Purchasing and Supply Chain Management
Principles of Microeconomics
Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)