schedule showing the employer’s total cost of salaries and wages for November by function.

Q: Assume the following data for Blossom Home Appliance Repair for the payroll quarter ended March 31.…

A: Social Security tax = Social Security Taxable Earnings x Social Security tax rate = $128400*6.20% =…

Q: Sheridan Hardware payroll for November 2020 is summarized below. Payroll Wages Due FICA State…

A:

Q: adium Manufacturing has the following data available for its September 30, 2019, payroll: Wages…

A: A  1. SEP 30 Wages A/c   DR 246000     Federal Income tax payable   62200   Social Security…

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: Lightning Electronics is a midsize manufacturer of lithium batteries. The company’s payrollrecords…

A:

Q: Ramirez Company has the following data for the weekly payroll ending January 31. Hours Employee M.…

A: Payroll accounting is done to record salaries and wages paid to the employees and what other…

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

A: 1.Prepare journal entry to record the employee bonus expense.

Q: The payroll of Buffalo Company for September 2019 is as follows. Total payroll was $468,000, of…

A: Debit the salary, salary and company payroll taxes you paid. This will increase your expenses for…

Q: P a y t o n company payroll for the year is $747,930. Of this amount, $469,230 is for wages paid e x…

A: Total unemployment taxes=Net Futa tax+Net suta tax

Q: Siomai Company salaried employees are paid biweekly. Occasionally, advances made to employees are…

A: Accrued salaries payable means salaries expenses that are related with the particular period but…

Q: Stadium Manufacturing has the following data available for its September 30, 2019, payroll:  Wages…

A: Taxes are paid to the government on income earned by an individual or company.

Q: Background: M & D Contractors has numerous employees who are paid on a weekly basis. Payroll…

A:

Q: On January 15, the end of the first biweekly pay period of the year, North Company's payroll…

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

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

A: Prepare journal entry to record accrual of employer payroll taxes expense.

Q: During October, Seger Insurance employees earned $100,000 in wages. The employer's share of Canada…

A: Journal entries are passed following the golden rules of accounting. Debit all assets and expenses…

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

A: a) Date Accounts title and Explanation Debit ($) Credit ($)   31-Dec-20 Salary expenses $199,000…

Q: Widmer Company had gross wages of $226,000 during the week ended June 17. The amount of wages…

A: Social Security Tax Payable = Gross wages x Social security tax rate Medicare Tax Payable = Gross…

Q: Merger Co. has 10 employees, each of whom earns $2,000 per month and has been employed since January…

A: Total Earning for employees per month = Earning per employee x Total no. of employees =$2,000 per…

Q: Pearl Hardware payroll for November 2020 is summarized below.           Amount Subject to Payroll…

A: The following calculations represent the schedule of the total cost of wages of the employer:

Q: XYZ Company is processing payroll for the week ending January 9th. Employee earnings total $5,000.…

A: Employees total earnings=$5,000 Federal Income tax Withheld=$1100 Social Security tax rate=6% =…

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: 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: Lee Financial Services pays employees monthly. Payroll information is listed below for January 2021,…

A: Compute income and payroll taxes for January 2021 as shown below:

Q: he following is a payroll sheet for Teal Imports for the month of September 2020. The company is…

A: A tax is a governmental organization's mandatory financial obligation or other form of levy enforced…

Q: Bonita Consulting Inc's gross salaries for the biweekly period ended August 24 were $15,000.…

A: Journal is the primary book where transactions are originally recorded. Further, a journal entry is…

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

A: Introduction: Individuals, corporations, and other legal organisations are all subject to the…

Q: For the year ended December 31, 2022, Crane Electrical Repair Company reports the following summary…

A: Tax refers to the amount charged by the government from the individuals and organizations on the…

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 payroll of Ruth Ltd. for September 2020 is as follows (amounts in thousands): total payroll was…

A: Under double entry system of bookkeeping one account is debited and other is credited.  Assets and…

Q: Redmont Company's gross salaries and wages are $50,000, and it withholds $7,500 for income taxes and…

A: The journal entry would be: Date Account Titles and Explanations Debit Credit xxx Salary and…

Q: Recording employer payroll taxes and employee benefits Ricardo’s Mexican Restaurant incurred…

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

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: Greensburg Inc. had the following payroll for October 2020:               Employee Wages…

A: What are journal entries? It is the first step to record the financial transactions in the books of…

Q: ) Journalize the payroll entry for the week. DATE   Debit Credit X/X…

A:

Q: The gross payroll total for all employees of Yanni's Gyros this month is $120,000. All employees'…

A: Introduction:- Federal Tax, State Tax and FICA tax are withheld from employee's wages.

Q: Urban Window Company had gross wages of $360,000 during the week ended July 15. The amount of wages…

A: Social Security tax = Social Security Taxable Earnings x Social Security tax rate = $360,000*6.20% =…

Q: Based on the information below, Prepare the journal entry to record Regis’s (employer) payroll taxes…

A: 1). Journal Entry to record Regis's payroll taxes resulting from the Jan 8 payroll :- Date…

Q: The payroll of Marin Company for September 2019 is as follows. Total payroll was $484,000, of which…

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

Q: Felipe's Mexican Restaurant incurred salaries expense of $59,000 for 2024. The payroll expense…

A: FICA Medicare taxes payable  = $59000×1.45% =$855.50 =$856 rounded to nearest cent.

Q: Sheffield Consulting Inc's gross salaries for the biweekly period ended August 24 were $12,500.…

A: Salaries expenses include the following deduction = CPP Payable + EI payable  + income tax payable…

Q: According to a payroll register summary of Swifty Company, the amount of employees' gross pay in…

A: Payroll tax expense = FICA taxes payable + State unemployment taxes payable + Federal unemployment…

Q: Siomai Company salaried employees are paid biweekly. Occasionally, advances made to employees are…

A: Accrued salaries payable are those salaries expense which are due for the particular period but not…

Q: Waterway Hardware payroll for November 2020 is summarized below. Amount Subject to Payroll Taxes…

A: FICA taxes (Factory)=FICA amount×7.65%=$128300×7.65%=$9,815

Q: Urban Window Company had gross wages of $200,000 during the week ended July 15. The amount of wages…

A: Payroll tax expense is the holding account which is used for tracking the employer contributions…

Q: The following is a payroll sheet for Otis Imports for the month of September 2020. The company is…

A: a.Payroll sheet:

Q: A company’s first weekly pay period of the year ends on January 8. Sales employees earned $30,000…

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

Q: An employee has year-to-date earnings of $115,400. The employee’s gross pay for the next pay period…

A:

Q: aximum subject to unemployment taxes. $180,000 of federal income taxes and $18,000 of union dues…

A: Payroll tax expense is the tax charge levied or withheld on the payroll of the employees.  Given:…

Q: Swifty Hardware has four employees who are paid on an hourly basis plus time-and-a-half for all…

A: Working:

Q: The payroll of Novak Company for September 2019 is as follows. Total payroll was $454,000, of which…

A: