Entries for payroll and payroll taxes Instructions Chart of Accounts General Journal Instructions The following information...

 

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Entries for payroll and payroll taxes Instructions Chart of Accounts General Journal Instructions The following information about the weekly payroll was obtained from the records of Boltz Co Salaries: Sales salaries Deductions: $540,000 Income tax withheld $160,000 Warehouse salaries 155,000 US savings bonds 10,500 Office salaries 85,000 Group insurance $780,000 9,000 Tax rates assumed: Social security 6% State unemployment (employer only) 5.4% Medicare 1.5% Federal unemployment (employer only) 0.8% Required: 1 Assuminn that the navrnil related to the first full week of the mac and was paid no lanuary 7 inumalize the Sollosion entries Entries for payroll and payroll taxes Instructions Chart of Accounts General Journal Instructions The following information about the weekly payroll was obtained from the records of Boltz Co Salaries: Sales salaries Deductions: $540,000 Income tax withheld $160,000 Warehouse salaries 155,000 US savings bonds 10,500 Office salaries 85,000 Group insurance $780,000 9,000 Tax rates assumed: Social security 6% State unemployment (employer only) 5.4% Medicare 1.5% Federal unemployment (employer only) 0.8% Required: 1 Assuminn that the navrnil related to the first full week of the mac and was paid no lanuary 7 inumalize the Sollosion entries