Question: At the end of December 201X the total amount of
At the end of December 201X, the total amount of OASDI, $540, and Medicare, $180, was withheld as tax deductions from the employees of Falls, Inc. Federal income tax of $2,920 was also deducted from their paychecks. Falls is classified as a monthly depositor of Form 941 taxes. Indicate when this payroll tax deposit is due and provide a general journal entry to record the payment.
Relevant QuestionsThe following payroll journal entry was prepared by Palmdale Company from its payroll register. Which columns of the payroll register have the data come from? How do the taxable earnings columns of the payroll register ...At the end of March 201X, the total amount of OASDI, $500, and Medicare, $220, was withheld as tax deductions from the employees of River, Inc. Federal income tax of $2,940 was also deducted from their paychecks. River is ...Using the information from Problem 8A-4, please complete a Form 940 for Smith’s Sporting Goods for the current year. Additional information needed to complete the form is as follows:In Problem 8A-4,a. SUTA rate: 5.7%b. ...Complete the following table for Sales, Sales Returns and Allowances, and SalesDiscounts.From the following transactions for Andrew Co., journalize, record, post, and prepare a schedule of accounts receivable when appropriate. You will have to set up your own accounts receivable subsidiary ledger and partial ...
Post your question