Homework Answers
| Date | General Journal | Debit | Credit |
| March 23, 2015 | Gross Pay Account | 84,950.00 | |
| To EI Premium | 1,597.00 | ||
| To Income Taxes | 11,717.00 | ||
| To CPP | 4,025.11 | ||
| To Medical Ins. | 1,625.00 | ||
| To United Way | 1,794.00 | ||
| To Cash/bank | 64,191.89 |
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Exercise Al-7 Payroll journal entry LO2 Paradise Hills Berry Farm has 27 employees who are paid...
10.00 points Macier Company completed the salary and wage payroll for March 2014. The payroll provided...
10.00 points Macier Company completed the salary and wage payroll for March 2014. The payroll provided the following details: Salaries and wages earned Employee income taxes withheld Canada Pension Plan Employment Insurance $ 237,000 50,900 2,850 820 Required: 1. Considering both employee and employer payroll taxes, use the preceding information to calculate the total labour cost for the company. TIP: Employer CPP equals employee CPP. Employer El equals 1.4 times employee El Total labor cost 2. Prepare the journal entry...
Macier Company completed the salary and wage payroll for March 2014. The payroll provided the following...
Macier Company completed the salary and wage payroll for March 2014. The payroll provided the following details: Salaries and wages earned Employee income taxes withheld Canada Pension Plan Employment Insurance $229,000 50.100 2,450 740 Required: 1. Considering both employee and employer payroll taxes, use the preceding information to calculate the total labour cost for the company. TIP: Employer CPP equals employee CPP. Employer El equals 1.4 times employee El. Total labor cost 2. Prepare the journal entry to record the...
alley Orchard has 20 employees who are paid bi-weekly. The payroll registered showed the following payroll...
alley Orchard has 20 employees who are paid bi-weekly. The payroll registered showed the following payroll deductions for the period ending February 14. Gross Pay CPP EI Premium Income Tax Medical Insu. United Way 65,900 3,131 1,074 2,2450 1,200 1,320 Prepare the journal entries to: (a) record the employee salaries and withholdings; (b) employer’s share of thepayroll deductions; (c) payment to the employees; and (d) remittance to third parties of the amounts withhe
QS 9-5 Record employee payroll taxes LO P2 On January 15, the end of the first...
QS 9-5 Record employee payroll taxes LO P2 On January 15, the end of the first biweekly pay period of the year, North Company's payroll register showed that its employees earned $40,000 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $2,000 of federal income taxes, $1,108 of medical insurance deductions, and $240 of union dues. No employee earned more than $7,000 in...
Problem Al-1A Payroll register and payroll deductions LO2,3 CHECK FIGURE: Total deductions $2,298...
Problem Al-1A Payroll register and payroll deductions LO2,3 CHECK FIGURE: Total deductions $2,298.42 The payroll records of Brownlee Company provided the following information for the weekly pay period ended March 23, 2015: Week Ended March 23, 2015 to End of Pay Hospital Union Previous Employees No. M T WTFS s Rate Insurance Dues Week Ray Loran 11 88 8 8 8 4 40.0040.00 16.00 43,000 Kathy Sousa 12 7 8 6 7 8 4 36.0040.0015.00 46.000 Gary Smith 13 8...
2nd Journal ENtry : Record the employer payroll taxes. Midwest Shipping pays employees at the end...
2nd Journal ENtry :
Record the employer payroll taxes.
Midwest Shipping pays employees at the end of each month. Payroll Information is listed below for January, the first month of the fiscal year. Assume that none of the employees exceeds the Federal unemployment tax maximum salary of $7,000 in January. Salaries Federal and state income taxes withheld Federal unemployment tax rate State unemployment tax rate (after FUTA deduction) Social Security (FICA) tax rate $800.000 179.000 0.885 5.4.06 7.65% Record salarles...
On January 15, the end of the first biweekly pay period of the year, North Company's...
On January 15, the end of the first biweekly pay period of the year, North Company's payroll register showed that its employees earned $28,000 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2% FICA Medicare taxes at the rate of 1.45%, $3,800 of federal income taxes, $678 of medical insurance deductions, and $190 of union dues. No employee earned more than $7,000 in this first period. Prepare the journal entry to...
Halle's Berry Farm establishes a $350 petty cash fund on September 4 to pay for minor...
Halle's Berry Farm establishes a $350 petty cash fund on September 4 to pay for minor cash expenditures. The fund is replenished at the end of each month. At the end of September, the fund contains $271 in cash. The company has also issued a credit card and authorized its office manager to make purchases. Expenditures for the month include the following items: Entertainment for office party (petty cash) Lawn maintenance (credit card) Postage (credit card) Fuel for deliveries (credit...
There is no payroll taxes expense option，and please help me answer the whole question Designer Architects...
There is no payroll taxes expense option，and please help me answer
the whole question
Designer Architects had the following additional information at its November 30, 2017 year-end: a. The Uneamed Revenue account showed a balance of $75,000, which represented four months of services paid in advance by a client for services beginning on October 15, 2017 b. The payroll register showed the following unpaid amounts as at November 30: Premium 210.41" Taxes" Taxes 1.420.00 CPP' Cpp 313.98 Der Total Net...
Designer Architects had the following additional information at its November 30, 2017 year-end: a. The Unearned...
Designer Architects had the following additional information at its November 30, 2017 year-end: a. The Unearned Revenue account showed a balance of $64,000, which represented four months of services paid in advance by a client for services beginning on October 15, 2017. b. The payroll register showed the following unpaid amounts as at November 30: Premium 100.41" Income Taxes 1.310.00 CPP 203.98 Total Deductions 1,614.39 Net Payable ,085.61 Office Salaries 2,700.00 Sales S alaries 2.000.00 3 *These values are based...
10.00 points Macier Company completed the salary and wage payroll for March 2014. The payroll provided the following details: Salaries and wages earned Employee income taxes withheld Canada Pension Plan Employment Insurance $ 237,000 50,900 2,850 820 Required: 1. Considering both employee and employer payroll taxes, use the preceding information to calculate the total labour cost for the company. TIP: Employer CPP equals employee CPP. Employer El equals 1.4 times employee El Total labor cost 2. Prepare the journal entry...
Macier Company completed the salary and wage payroll for March 2014. The payroll provided the following details: Salaries and wages earned Employee income taxes withheld Canada Pension Plan Employment Insurance $229,000 50.100 2,450 740 Required: 1. Considering both employee and employer payroll taxes, use the preceding information to calculate the total labour cost for the company. TIP: Employer CPP equals employee CPP. Employer El equals 1.4 times employee El. Total labor cost 2. Prepare the journal entry to record the...
QS 9-5 Record employee payroll taxes LO P2 On January 15, the end of the first biweekly pay period of the year, North Company's payroll register showed that its employees earned $40,000 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $2,000 of federal income taxes, $1,108 of medical insurance deductions, and $240 of union dues. No employee earned more than $7,000 in...
Problem Al-1A Payroll register and payroll deductions LO2,3 CHECK FIGURE: Total deductions $2,298.42 The payroll records of Brownlee Company provided the following information for the weekly pay period ended March 23, 2015: Week Ended March 23, 2015 to End of Pay Hospital Union Previous Employees No. M T WTFS s Rate Insurance Dues Week Ray Loran 11 88 8 8 8 4 40.0040.00 16.00 43,000 Kathy Sousa 12 7 8 6 7 8 4 36.0040.0015.00 46.000 Gary Smith 13 8...
2nd Journal ENtry :
Record the employer payroll taxes.
Midwest Shipping pays employees at the end of each month. Payroll Information is listed below for January, the first month of the fiscal year. Assume that none of the employees exceeds the Federal unemployment tax maximum salary of $7,000 in January. Salaries Federal and state income taxes withheld Federal unemployment tax rate State unemployment tax rate (after FUTA deduction) Social Security (FICA) tax rate $800.000 179.000 0.885 5.4.06 7.65% Record salarles...
On January 15, the end of the first biweekly pay period of the year, North Company's payroll register showed that its employees earned $28,000 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2% FICA Medicare taxes at the rate of 1.45%, $3,800 of federal income taxes, $678 of medical insurance deductions, and $190 of union dues. No employee earned more than $7,000 in this first period. Prepare the journal entry to...
Halle's Berry Farm establishes a $350 petty cash fund on September 4 to pay for minor cash expenditures. The fund is replenished at the end of each month. At the end of September, the fund contains $271 in cash. The company has also issued a credit card and authorized its office manager to make purchases. Expenditures for the month include the following items: Entertainment for office party (petty cash) Lawn maintenance (credit card) Postage (credit card) Fuel for deliveries (credit...
There is no payroll taxes expense option，and please help me answer
the whole question
Designer Architects had the following additional information at its November 30, 2017 year-end: a. The Uneamed Revenue account showed a balance of $75,000, which represented four months of services paid in advance by a client for services beginning on October 15, 2017 b. The payroll register showed the following unpaid amounts as at November 30: Premium 210.41" Taxes" Taxes 1.420.00 CPP' Cpp 313.98 Der Total Net...
Designer Architects had the following additional information at its November 30, 2017 year-end: a. The Unearned Revenue account showed a balance of $64,000, which represented four months of services paid in advance by a client for services beginning on October 15, 2017. b. The payroll register showed the following unpaid amounts as at November 30: Premium 100.41" Income Taxes 1.310.00 CPP 203.98 Total Deductions 1,614.39 Net Payable ,085.61 Office Salaries 2,700.00 Sales S alaries 2.000.00 3 *These values are based...
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