At the end of November 201X, the total amount of OASDI, $480, and Medicare, $250, was withheld
Question:
At the end of November 201X, the total amount of OASDI, $480, and Medicare, $250, was withheld as tax deductions from the employees of Calm Waters, Inc. Federal income tax of $2,980 was also deducted from their paychecks. Calm Waters 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.
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Dec 15 15 FICA OASDI Payable 9 6 0 00 FIC...View the full answer
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Related Book For
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
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