User Account

All Pages

Make the journal entry to record the payroll tax expense

Assignment Help Accounting Basics
Reference no: EM132693165

Problem - The payroll register of Chen Engineering Services indicates $900 of social security withheld and $225 of Medicare tax withheld on total salaries of $15,000 for the period. Earnings of $5,250 are subject to state and federal unemployment compensation taxes at the federal rate of 0.6% and the state rate of 5.4%. Make the journal entry to record the payroll tax expense for the period.

Reference no: EM132693165

Questions Cloud

What is Worldly net pay : Tam Worldly's weekly gross earnings for the week ended April 22 were $2,000, and her federal income tax withholding was $372.02. What is Worldly net pay
Which process accounting solution for nonuniform is : Which Process accounting's solution for nonuniform manufacturing inputs is? to calculate total unit cost as if there were uniform manufacturing inputs.
Technology for management : Describes the collaborative software system listed next to your name . Explain key features and benefits for users.
How the ending work in process consists of : During the month, 39,600 units were started and 37,680 units were completed and transferred. The ending work in process consists of
Make the journal entry to record the payroll tax expense : The payroll register of Chen Engineering Services indicates $900 of social security withheld, Make the journal entry to record the payroll tax expense
Discuss the robust understanding of reflective frameworks : "A" work will have the following elements: Robust understanding of reflective frameworks; Logical application of model to good decision-making and problem.
Briefly describe the historical event : Briefly describe the historical event you have chosen to analyze as well as the research question you will attempt to answer in your essay.
What equivalent units of production with respect to costs : The Learner Company uses the weighted average method. What are the equivalent units of production with respect to conversion costs?
Provide the journal entry for the vacation pay : The pension plan requires a contribution to the plan administrator equal to 8% of employee salaries. Provide the journal entry for the vacation pay

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare a schedule of cost of goods sold for the month

Primare Corporation has provided the following data concerning last month's manufacturing operations. Prepare a schedule of cost of goods sold for the month

  What are the major sources of cash

What are the major sources of cash (inflows) in a statement of cash flows?

  Prepare the journal entry to record the exchange

Prepare the journal entry to record the exchange on the books of Splish Company. Assume that the exchange has commercial substance

  How would you handle ownership of the assessment

Why are these elements critical to success? Which members of the organization should be involved in the development of the assessment? How would you handle ownership of the assessment?

  When the company is purchasing fixed assets

The growth phase of the product life cycle occurs when the company is purchasing fixed assets and beginning to produce and sell.

  Calculates the employees payroll amounts

A tax-rate reference file, a payroll clerk calculates the employees' payroll amounts and prepares a paycheck for each employee

  Determine tonya adjusted gross income

Tonya had the following items for last year: Determine Tonya's adjusted gross income for the current year?

  When it closes its general fund books

The city should make regarding this event when it closes its General Fund books for fiscal year 2013. To support your answer state the principle that governs the accounting for this event in the General Fund.

  Calculate the direct-material price and quantity variances

quicksilver company has set the following standards for one unit of product direct material quantity 6.2 pounds per

  Consider the following contracts that a company has entered

Consider the following contracts that a company has entered into: The company sold product to a customer, shipping the product on 10/27 for an agreed-upon sales price of $3,000.

  Was John actions ethical given the nature of the economy

Was John Thain's actions ethical given the nature of the economy? Was Mr. Thain looking out for Merrill Lynch's external as well as internal stakeholders

  Question regarding the per period demand

Suppose that management has arrived at an EOQ of 4,500 units. Given that order costs are 40$ per order and the holding costs are 50$ per unit then what per period demand is implied?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd