Question: PLEASE SOLVE DECEMBER 18 PAYROLL: (As you complete your work, answer the following questions.) Payroll Register 1. What is the amount of FIT withheld for

PLEASE SOLVE

DECEMBER 18 PAYROLL: (As you complete your work, answer the following questions.) Payroll Register 1. What is the amount of FIT withheld for Joseph T. O'Neill? 2. What is the total current net pay for all employees? 3. What is the total gross pay for all employees? 4. What is the taxable amount of Joseph T. O'Neill's gross pay for OASDI? Journal 5. What is the amount of the credit to Cash for the deposit of FICA and FIT taxes on December 15 ? 6. What is the amount of the debit to Payroll Taxes? 7. What is the amount of the debit to Employees CIT Payable on December 15 ? General Ledger 8. What is the Cash account balance? 9. What is the total amount of Plant Wages to date? 10. What is the total amount of Payroll Taxes to date? DECEMBER 18 PAYROLL: (As you complete your work, answer the following questions.) Payroll Register 1. What is the amount of FIT withheld for Joseph T. O'Neill? 2. What is the total current net pay for all employees? 3. What is the total gross pay for all employees? 4. What is the taxable amount of Joseph T. O'Neill's gross pay for OASDI? Journal 5. What is the amount of the credit to Cash for the deposit of FICA and FIT taxes on December 15 ? 6. What is the amount of the debit to Payroll Taxes? 7. What is the amount of the debit to Employees CIT Payable on December 15 ? General Ledger 8. What is the Cash account balance? 9. What is the total amount of Plant Wages to date? 10. What is the total amount of Payroll Taxes to date

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