payroll accounting 6-3a

Project Description:

cal ruther, an employer, is subject to fica taxes but exempt from futa & suta taxes. during the last quarter of the year, his employees earned monthly wages of $8,500, all of which is taxable. the amount of federal income taxes withheld each month is $1040. journalize the payment of wages and record the payroll tax on nov. 27, 2014.
prior to posting the nov. 27 payroll transaction fica taxes payable - oasdi, fica, taxes payable-hi and employee fit payable had zero balances. ruther must pay the fica taxes and income taxes withheld on nov. 27 payroll. journalize the electronic transfer of the payroll taxes on dec. 13, 2014

**please show your work. this is needed by 10 pm est.
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Price Type: Fixed

Project Budget: $0 to $10
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