Prepare the entry to record february payroll tax expense

Assignment Help Accounting Basics
Reference no: EM132715543

Question: In February, gross earnings in Napoli Company totaled $75,000. All earnings are subject to 7.65% FICA taxes, 5.4% state unemployment taxes, and 0.8% federal unemployment taxes.

Prepare the entry to record February payroll tax expense. (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Reference no: EM132715543

Questions Cloud

Prepare the single-step income statement for the company : Income statement information for adidas Group, a German footwear, apparel, and accessories manufacturer, for the year ended December 31, 2014, follows.
Analyze cybersecurity risks faced from abroad : Analyze the cybersecurity risks faced from abroad, detailing processes used to establish the risk, enable threats,
What the total prime cost was : Factory payroll, P175,000 of direct labor and P111,250 of indirect labor; and other factory overhead incurred, P137,500. The total prime cost was
Determine what equivalent units of production for materials : Determine What are the equivalent units of production for materials under average method for the month of january 2013? Work in process, 1/1/2013
Prepare the entry to record february payroll tax expense : Prepare the entry to record February payroll tax expense. (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when.
Technologies employed by wireless devices : What are the various technologies employed by wireless devices to maximize their use of the available radio frequencies?
Calculate incremental shares outstanding for sunland limited : Sunland Limited purchased 39,800 call options during the year. The options give the company the right to buy its own common shares for $9 each.
What is the estimated total cost in month : Noriel company has collected, Using the high-low method, what is the estimated total cost in month when 14,000 units are produced
MBA642 Project Initiation, Planning and Execution Assignment : MBA642 Project Initiation, Planning and Execution Assignment Help and Solution, Kaplan Business School - Assessment Writing Service

Reviews

Write a Review

Accounting Basics Questions & Answers

  Adjustments on the consolidated worksheet

When a parent uses the initial value method throughout the year to account for its investment in an acquired subsidiary, which of the following statements is true before making adjustments on the consolidated worksheet?

  What level of revenue for consulting services must the firm

power grid engineering associates inc. provides consulting services to commercial electric utilities. the consulting

  Provide the entries to accrue warranty expense

Dill Computer warranties their $3,000 laptops for 2 years. Provide the entries to accrue warranty expense for the usual 2-year period

  Vektek inc thinks machine hours is the best the activity

vektek inc. thinks machine hours is the best the activity base for its manufacturing overhead. the estimate of annual

  What amount of revenue should be recognized

If the company reports on the cash basis of accounting rather than the accrual basis, what amount of revenue should be recognized

  Chan mass produces necklaces production occurs in three

chan mass produces necklaces. production occurs in three sequential production departments u2013 stringing clasping and

  Calculate the corporation alternative minimum tax

X Corporation, a calendar year corporation, If the regular corporate tax is $21,000, X Corporation's alternative minimum tax for 2016 is:

  On january 1 201 4 the krueger co issued 140000 of 20 -

on january 1 201 4 the krueger co. issued 140000 of 20 - year 8 bonds for 172000. interest was payable annually. the

  Determine the selling price per composite unit

Modern Home sells windows and doors in the ratio of 9:1 (windows: doors). Determine the selling price per composite unit

  Wave-zone company has 10000 units of its sole product that

wave-zone company has 10000 units of its sole product that it produced last year at a cost of 50 each. this years model

  What amount of net income did nguyen service company

What amount of net income did Nguyen Service Co. report on the 2013 income statement?

  Mountain high ice cream company transferred

Prepare the journal entry to record the transfer on the books of Mountain High assuming that the sale criteria are met.

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!

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