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joeyhd
joeyhd
22.07.2019 • 
Business

Buffalo hardware company’s payroll for november 2017 is summarized below.amount subject to payroll taxesunemployment taxpayrollwages $121,100 $121,100 $39,800 $39,800sales 35,100 35,100 3,600 3,600administrative 39,400 39,400 total $195,600 $195,600 $43,400 $43,400at this point in the year, some employees have already received wages in excess of those to which payroll taxes apply. assume that the state unemployment tax is 2.5%. the fica rate is 7.65% on an employee’s wages to $118,500 and 1.45% in excess of $118,500. of the $195,600 wages subject to fica tax, $19,700 of the sales wages is in excess of $118,500. federal unemployment tax rate is 0.8% after credits. income tax withheld amounts to $15,400 for factory, $6,600 for sales, and $5,500 for administrative.exercise 13-7 buffalo hardware company’s payroll fexercise 13-7 buffalo hardware company’s payroll f prepare a schedule showing the employer’s total cost of wages for november by function. (round answers to 0 decimal places, e.g. 5,275.) and wages fica taxes futa taxes suta taxes total cost show list of accountsexercise 13-7 buffalo hardware company’s payroll fexercise 13-7 buffalo hardware company’s payroll f prepare the journal entries to record the factory, sales, and administrative payrolls including the employer’s payroll taxes. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually. round answers to 0 decimal places, e.g. 5,125.)account titles and payroll: (to record salaries and wages record payroll tax expense.)sales payroll: (to record salaries and wages record payroll tax expense.)administrative payroll: (to record salaries and wages record payroll tax expense.)

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