England company had gross wages of 50000 during the week

Assignment Help Accounting Basics

Reference no: EM13568488

England Company had gross wages of $50,000 during the week ended December 10. The amount of wages subject to federal and state unemployment taxes was $15,000. Total Amount withheld from employee wages for federal taxes was $98,000.

Tax Rates: Social Security = 7%

Medicare = 1.5%

State Unemployment = 4.2%

Federal Unemployment = 0.8%

a) Journalize the entry to record the payroll for the week of December 10

b) Journalize the entry to record the payroll tax expense incurred for the week of Dec 10.

Reference no: EM13568488

Questions Cloud

Given the following information answer the following : given the following information answer the following questiontr 3qtc 1500 2qa. if the total cost equation were tc

Discuss the implications of purchasing power parity for : discuss the implications of purchasing power parity for operating

General motors exports cars to spain but the strong dollar : general motors exports cars to spain but the strong dollar against the peseta hurts sales of gm cars in spain. in the

What will be the effects of an increase in the money : what will be the effects of an increase in the money supply on the interest rate? what will be the effects of an

England company had gross wages of 50000 during the week : england company had gross wages of 50000 during the week ended december 10. the amount of wages subject to federal and

Burgh industries sold 190000 of kitchen appliances during : burgh industries sold 190000 of kitchen appliances during september under a one-year warranty. the cost to repair

Tmothy is a 35 percent partner in the total partnership a : timothy is a 35 percent partner in the total partnership a calendar-year-end entity. timothy has an outside basis in

What should be the current market value of the following : what should be the current market value of the following bond? hint use an appropriate financial calculation. coupon

O august 1 2013 hullie amp oates issued a 9-month note : prepare in journal entry form the adjusting journal entries for the following items. on june 1 2013 a 36-month

User Account

All Pages