Question

Page 6-37 Record payroll entries: Taxable Wages: 67,000 FUTA 10,300

FICA - OASDI 63,850 SUTA 10,300 Journalize payment of wages and payroll taxes. FICA - HI 67,000 SUTA Rate 4.1% FIT Withheld 9,911 SIT Withheld 1,410 Disability Wages 62,100 State Disability 1% JOURNAL DATE DESCRIPTION DEBIT CREDIT a) 1 15-Sep Wages 1 2 FICA Taxes Payable—OASDI 2 3 FICA Taxes Payable—HI 3 4 Employees FIT Payable 4 5 Employees SIT Payable 5 6 Cash 6 7 7 8 Payroll Taxes 8 9 FICA Taxes Payable—OASDI 9 10 FICA Taxes Payable—HI 10 11 FUTA Taxes Payable 11 12 SUTA Taxes Payable 12 13 13 14 14 15 15 16 16 b) 17 Wages 17 18 FICA Taxes Payable—OASDI 18 19 FICA Taxes Payable—HI 19 20 Employees FIT Payable 20 21 Employees SIT Payable 21 Employees SDI Payable 22 Cash 22 23 23 24 24 25 25

Subject: Accounting, Business
Page 6-37 Record payroll entries: Taxable Wages: 67,000 FUTA 10,300 FICA - OASDI 63,850 SUTA 10,300 Journalize payment of wages and payroll taxes.
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