Homework_9_solutions - Homework Manager Assignment...

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Homework Manager Assignment Solutions: E9-2 Req. 1 March 31 Salary and wage expense (+E, -SE). ....................................... 230,000 Liability for income taxes withheld-employees (+L). ............ 46,000 Liability for insurance premiums withheld-employees (+L). . 1,200 FICA taxes payable-employees (+L). ................................... 16,445 Cash (+A). ............................................................................. 166,355 Payroll for March including employee deductions. Req. 2 March 31 Payroll tax expense (+E, -SE). ................................................. 16,445 FICA taxes payable-employer (+L). ...................................... 16,445 Employer payroll taxes on March payroll. Req. 3 Liability for income taxes withheld-employees (-L). ................. 46,000 Liability for insurance premiums withheld-employees (-L). ...... 1,200 FICA taxes payable-employees (-L). ....................................... 16,445 FICA taxes payable-employer (-L). .......................................... 16,445 Cash (-A). ............................................................................. 80,090 Remittance of payroll taxes and deductions for March payroll.
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E9–4. Req. 1
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Homework_9_solutions - Homework Manager Assignment...

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