Part one information (questions 1-6)

Pay day: Dec 15th Previous earnings $142,900

Earned this pay - $6,322

Federal income tax rate = 13%

County tax rate = 1.75%

SUTA tax rate = 2.1%

*For all answers do Not use $ dollar signs $ Flag question:

Question 1 How much should Wage Expense be debited for?

Question 2 How much should Social Security payable be credited for in the first entry to record the employee's portion?

Question 3 How much should Medicare payable be credited for in the first entry to record the employee's portion?

Question 4 How much should Federal income taxes payable be credited for?

Question 5 How much should State income taxes payable be credited for?

Question 6 How much should County income taxes be credited for?

Question 7 Which of the following could be the final credit to the first payroll journal entry showing the employees earnings. (choose the two potential correct answers) Group of answer choices

Wages Expense

Cash

Capital

Payroll tax Expense

Wages payable Flag question:

Question 8 Question 83 pts In the 2nd journal entry (Payroll tax expense), which of the following accounts will be credited with an amount above $0 Group of answer choices

Federal income tax withholding payable

FUTA payable

Social Security payable

SUTA payable

Medicare payable

Wages payable