P13-3 - August Payrolls Payroll for Week 1 Wages and...

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August Payrolls Payroll for Week 1 Wages and Salaries Expense. .................................................. 1040.00 Withholding Taxes Payable (10% X 1040). ................. 104.00 FICA Taxes Payable (7.65% X 1040). ......................... 79.56 Union Dues Payable (2% X 1040). ............................... 20.80 Cash. .............................................................................. 835.64 (200 + 150 + 110 + 250 + 330) = 1040 Payroll Tax Expense. ............................................................... 94.74 FICA Taxes Payable (7.65% X 1040). ......................... 79.56 Federal Unemployment Tax Payable. ........................... 3.68 [.8% X (200 + 150 + 110)] State Unemployment Tax Payable. ............................... 11.50 (2.5% X 460) Payroll for Week 2 and Week 3 Vacation Wages Payable. ........................................................ 590.00 Wages and Salaries Expense. .................................................. 450.00
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This note was uploaded on 03/21/2010 for the course ACCT acct taught by Professor Jones during the Spring '10 term at DeVry Sherman Oaks.

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P13-3 - August Payrolls Payroll for Week 1 Wages and...

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