Chapter 6 Homework Page 4

Chapter 6 Homework Page 4 - DATE qlblll NAME buSfiq‘qulw...

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Unformatted text preview: DATE qlblll NAME buSfiq‘qulw gufiggl-Iicf has asemimonthly payroll of $61000 on September ll. Assume that the employees of Vulcra, Inc, must also pay 15. The total payroll is taxable under FICA Taxes—HI; $63,850 state contributions (disability insurance) of 1% on the tax- is taxable under FICA Taxes—OASDI; and $10,300 is taxable able payroll of $62,100 and that the employees’ contribu» under FUTA and SUTA. The state contribution rate for the com— tions are to be deducted by the employer. Journalize the pany is 4.1%. The amount Withheld for federal income taxes is September 15 payment of wages, assuming that the state $9,911. The amount withheld for state income taxes is $1,410 contributions of the employees are kept in a separate (I. journalize the payment of the wages, and record the payroll account taxes on September 15. W W W W W W JOURNAL 1 DATE DESCRIPTION PFEESF'T' DEBIT CREDIT p» iisufi— 13 Writs 610s 00l 1 2l FICA 7041's 1?”th , 0111591, l ”)5? 70 2 31 1:30P! T516 l70~wa¥l£ ’ H]; , ‘ Q] l 50 37 Al grzpi‘fit‘j F1 7 104,114.,th 01 01 l l 00 4 53 melov‘ecg S 1.7 finnbk l 1‘1 I 0 00 5 e 0% 1507451306 7 7 a {5 £01 roll TE!“ § ‘l 3% ‘ 3 91 Fim Tm; flmu , M201 1 3013870 e 10 F169 [kid’s Vfijabi‘t " H1 ol 1 i 50 1o 11 Fm’fiq Tat)”; quwfli 3; l ‘10 11 12‘ SM'TP‘ Tod“) iy‘xfla‘bfl ‘ [{1130 12 1a ‘ 13 K. 14 5e91, ‘5 Wests 67 000 00 14 15 F1661 Tums 9541mm ‘ OASDi 7M , 1 34 5 $70 157 16 F’LU" TH“ Fflau‘elf ’H1 ‘1115016 17 2%,!th 5mg: “Mr Lon 5r. Mama (9 Ll 00 17 1e {M‘slm‘zi} VT, ‘1’ flawflbl‘ 01% l l 00 ,8 1s iwflufls 51‘"? Paqoblt 1L“ 0 00 19 20 Cosh SO ‘11 80 20 21 , , , , , , 77 W W 21 22 7,7 , 7 22, 23 23 24 24 25 25 25 26 27 , 7" 77"” N "j m 1 27 6-37 ...
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