The employees of Carson Bakery Company earn total wages of $7,780 during January. The total amount is taxable under FICA, FUTA, and SUTA. The state contribution rate for the company is 4.3%. The amount withheld for federal income taxes is $998. Journalize the payment of the monthly wages, and record the payrolltaxes.
Answer to relevant Questions____ 1. Employee’s earnings record____ 2. Payroll register____ 3. Executive orders____ 4. Fair Labor Standards Act____ 5. Immigration Reform and Control Act____ 6. Unemployment insurance taxes____ 7. Vesting____ 8. ...Who is covered by the Walsh-Healey Public Contracts Act?What obligations are imposed upon the employer by the Fair Credit Reporting Act of 1968?Purnell, Inc., has a semimonthly payroll of $53,900 on September 13. The total payroll is taxable under FICA Taxes-HI; $50,400 is taxable under FICA Taxes- OASDI; and $7,300 is taxable under FUTA and SUTA.The state ...On December 31, 2013, Santucci Company has a balance of $619.24 in the FUTA taxes payable account. This represents the employer's liability for the fourth quarter taxes.Journalize the entry Santucci Company should make in ...
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