Reference no: EM131798715

R Tryon Consulting Company

The payroll records of a company provided the following data for the weekly pay period ended December 7:

Employee	YTD earnings	Gross Pay	FIT	SIT
Ronald Arthur	54,000	1,200	216	60
John Baines	40,500	900	162	45
Ted Carter	45,000	1,000	180	50

The FIC A social security tax rate is 6.2% and the FIC A Medicare tax rate is 1.45% on all of this week's wages paid to The federal and state unemployment tax rates are 0.8% and 5.4%, respectively, on the first $7,000 paid to each empl Each employee has a deduction of $50 per week for medical insurance, $10 per week for union dues

Complete the Payroll register below and Prepare the journal entries to (a) accrue the payroll and (b) record employer payroll taxes expense.

Employee	YTD earnings	Gross Pay	FIT	SIT	FICA-SS	FICA-Med
Ronald Arthur	54,000	1,200	216	60
John Baines	40,500	900	162	45
Ted Carter	45,000	1,000	180	50
	Totals	3,100	558	155

Debit Credit

Dec. 7	Salaries and wages expense
	Federal Income taxes payable
	State Income Taxes Payable
	FICA - Social Security Taxes Payable
	FICA - Medicare Taxes Payable
	Medical Insurance Payable
	Union Dues Payable
	United Way Payable
	Salaries Payable

 

Payroll Taxes Expense

FICA - Social Security Taxes Payable

FICA - Medicare Taxes Payable