Question: pls help!!!!! Data table More info For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2%




Data table More info For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45% up to $200,000,2.35% on earnings above $200,000. Employer: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45%; FUTA 0.6% on first $7,000 earned; SUTA. 5.4% on first $7,000 earned. The addsonsi data neoded to dervelop the payol and adusting cothes at June 30 eco as follows: (Click the icon to vew the asdtional information) Rew the cervirments Round to the noavus dollar More info a. The long-term debt is payable in annual installments of $60,000, with the next installment due on July 31 . On that date, Pack - N-Ship will also pay one year's interest at 9%. Interest was paid on July 31 of the preceding year. Make the adjusting entry to accrue interest expense at year-end. b. Gross unpaid salaries for the last payroll of the fiscal year were $5,000. Assume that employee income taxes withheld are $950 and that all earnings are subject to OASDI. c. Record the associated employer taxes payable for the last payroll of the fiscal year, $5,000. Assume that the earnings are not subject to unemployment compensation taxes. d. On February 1, the company collected one year's rent of $6,000 in advance Requirements 1. Using the T-accounts opened for you, insert the unadjusted June 30 balances. 2. Journalize and post the June 30 payroll and adjusting entries to the accounts Identify each adjusting entry by letter. Round to the nearest dollar. 3. Prepare the current liabilities section of the balance sheet at June 30,2024
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