Question

The following form is used by Monte Manufacturing Co. to compute payroll taxes incurred during April:


Required:
1. Using the above form, calculate the employer's payroll taxes for April. Assume that none of the employees has achieved the maximums for FICA and unemployment taxes.
2. Assuming that the employer payroll taxes on factory wages are treated as factory overhead, the taxes covering administrative salaries are an administrative expense, and the taxes covering sales salaries are a selling expense, prepare a general journal entry to record the employer's liability for the April payrolltaxes.


$1.99
Sales7
Views511
Comments0
  • CreatedMay 05, 2014
  • Files Included
Post your question
5000