Simplytaylorgrenade
05.05.2020 •
Business
The payroll register for D. Salah Company for the week ended May 18 indicated the following: Salaries $535,000 Federal income tax withheld 107,000 The salaries were all subject to the 6.0% social security tax and the 1.5% Medicare tax. In addition, state and federal unemployment taxes were calculated at the rate of 5.4% and 0.8%, respectively, on $10,000 of salaries. If an amount box does not require an entry, leave it blank. Journalize the entry to record the payroll for the week of May 18.
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Ответ:
The journal entry is given as follows;
Explanation:
Salaries Expense Dr.$535,000
Social Security Tax payable 535,000*6% Cr.$32,100
Medicare tax payable 535,000*1.5% Cr.$8,025
Federal Income Tax payable Cr.$107,000
Salaries Payable Cr.$387,875
Ответ:
the answer would be d. I got it right on Plato