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Problem_9-5B_example - 85,434.00 To record payroll for...

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Problem 9-5B (page 404) Part 1 Jan. 8 Sales Salaries Expense ................................. 69,490.00 Office Salaries Expense ................................ 42,450.00 Delivery Wages Expense ............................... 2,060.00 FICA—Social Sec. Taxes Payable* .......... 7,068.00 FICA—Medicare Taxes Payable** ............ 1,653.00 Employee Fed. Inc. Taxes Payable ......... 17,250.00 Employee Medical Insurance Payable .... 2,320.00 Employee Union Dues Payable ............... 275.00 Salaries Payable ......................................
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Unformatted text preview: 85,434.00 To record payroll for period. * $114,000 x 6.2% = $7,068 ** $114,000 x 1.45% = $1,653 Part 2 Jan. 8 Payroll Taxes Expense. ................................. 13,509.00 FICA—Social Sec. Taxes Payable. .......... 7,068.00 FICA—Medicare Taxes Payable. ............. 1,653.00 State Unemployment Taxes Payable*. .... 3,876.00 F ederal Unemployment Taxes Payable **. . 912.00 To record employer payroll taxes. * $114,000 x .034 = $3,876.00 **$114,000 x .008 = $912.00...
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