Entry for Augusts workweek 1 and 4 payroll: hebdomad 1 and 4s look wages and salaries = Hamill + Robbins + Kirk + Guinness + Sprouse = 200+150+110+250+330 = $1040 The Cedarville Company eject needs to pay some(prenominal) national and claim Unemployment measure for Hamill, Robbins, and Kirk. advantage and salaries expense $1040.00 Withholding tasked collectible (1040*10%)$104.00 union Dues imputable (1040*2%)$20.80 F.I.C.A. taxes due (1040*7.65%)$79.56 Cash (1040-104-20.8-79.56)$835.64 Payroll tax Expenses$94.74 F.I.C.A. measurees payable (1040*7.65%)$79.56 Federal Unemployment task payable ((200+150+110)*0.8%)$3.68 ground unemployment Tax due ((200+150+110)*2.5%)$11.50 Entry for Augusts week 2 and 3 payroll: Week 2 and 3s total wages and salaries = Hamill + Guinness = 200+250 = $450 Week 2 and 3s vacation wage due = (300+220+660)/2 = $590 The Cedarville Company only needs to pay both Federal and State Unemployment tax for Hamill, Robbins, and Kirk. Vacation salary collectible$590.00 Wages and salaries expense $450.00 Withholding Taxed Payable ((590+450)*10%)$104.00 totality Dues Payable ((590+450)*2%)$20.80 F.I.C.A.
Taxes Payable ((590+450)*7.65%)$79.56 Cash (590+450-104-20.8-79.56)$835.64 Payroll Tax Expenses$94.74 F.I.C.A. Taxes Payable ((590+450)*7.65%)$79.56 Federal Unemployment Tax Payable ((200+150+110)*0.8%)$3.68 State unemployment Tax Payable ((200+150+110)*2.5%)$11.50 Entry for Monthly retribution of accumulated payroll liabilities: Withholding Taxed Payable (104.00*4)$416.00 Union Dues Payable (20.80*4)$83.20 F.I.C.A. Taxes Payable ((79.56+79.56)*4)$63! 6.48 Federal Unemployment Tax Payable (3.68*4)$14.72 State unemployment Tax Payable (11.50*4)$46.00 Cash$1196.40If you want to get a integral essay, fix up it on our website: BestEssayCheap.com
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