Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 408 Weeks Ago, 1 Day Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 15 Jan 2018 My Price 7.00

Saine Co.

PR 10-2b  Entries for payroll and payroll taxes                                               ObJ. 2, 3

 

The following information about the payroll for the week ended December 30 was ob- tained from the records of Saine Co.:

 

Salaries:                                                                                    Deductions:

 

 

 

Sales salaries

$   625,000

Income tax withheld

$232,260

Warehouse salaries

240,000

Social security tax withheld

71,100

Office salaries

      320,000

Medicare tax withheld

17,775

 

$1,185,000

U.S. savings bonds

35,500

 

 

Group insurance

53,325

 

 

 

$409,960

Tax rates assumed:

 

 

 

 

1.     Assuming that the payroll for the last week of the year is to be paid on December 31, journalize the following entries:

 

a.    December 30, to record the payroll.

 

b.   December 30, to record the employer’s payroll taxes on the payroll to be paid on December 31. Of the total payroll for the last week of the year, $30,000 is subject to unemployment compensation taxes.

 

2.     Assuming that the payroll for the last week of the year is to be paid on January 4 of the following fiscal year, journalize the following entries:

 

a.    December 30, to record the payroll.

 

b.   January 4, to record the employer’s payroll taxes on the payroll to be paid on January 4. Because it is a new fiscal year, all $1,185,000 in salaries is subject to unemployment compensation taxes.

 

 


Answers

Maurice Tutor
(5)
Status NEW Posted 15 Jan 2018 11:01 PM My Price 7.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------acq-----------uis-----------iti-----------on -----------of -----------my -----------pos-----------ted----------- so-----------lut-----------ion-----------.Pl-----------eas-----------e p-----------ing----------- me----------- on-----------cha-----------t I----------- am----------- on-----------lin-----------e o-----------r i-----------nbo-----------x m-----------e a----------- me-----------ssa-----------ge -----------I w-----------ill----------- be-----------

Not Rated(0)