Question: Riverbed Hardware Cornpany's payroll for November 2017 is summarized below. Amount Subject to Payroll Taxes Unemployment Tax Payroll Federal State Wages FICA Due $128,600 $128,600


Riverbed Hardware Cornpany's payroll for November 2017 is summarized below. Amount Subject to Payroll Taxes Unemployment Tax Payroll Federal State Wages FICA Due $128,600 $128,600 31,900 31,900 34,900 34,900 $195,400 $195,400 $36,300 3,500 Factory Sales Administrative Total $36,300 3,500 $39,900 $39,900 At this point in the year, some employees have already received wages in excess of those to which payroll taxes apply. Assume that the state unemployment tax is 2.5%. The FICA rate is 7.65% on an employee's wages to S116.500 and 1.45% in excess of si 16.500. Of the $195,400 wages subject to FICA tax, $20,300 of the sales wages is in excess of $118,500. Federal unernployment tax rate is 0.8% after credits. Income tax withheld amounts to $17,500 for factory, $6,800 for sales, and $5.900 for administrative. Your answer is partially correct. Try again. Prepare a schedule showing the employer's total cost of wages for November by function. (Round answers to decimal places, e.g. 5,275.) -Factory Sales Administrative Total Salaries and Wages 128500 FICA Texes FUTA Taxes SUTA Taxes Total Cast SHOW LIST OF ACCOUNTS LINK TO TEXT Your answer is partially correct. Try again. Prepare the foumal entries to record the factory, sales, and administrative payrolls Induding the employer's payroll taxas. (If no entry is required, select "No Entry for the account titles and enter when the amount is entered. Do not indent manually. Round answers to decimal places, e.g. 5,125.) for the amounts. Credit account titles are automatically indented Debit Credit Account Titles and Explanation Factory Payroll: Salaries and Wages Expense withholding Taxes Payable FICA Taxes Payable Cash (To record salaries and wages expense.) Payroll Tax Expense FICA Taxes Payable FUTA Taxes Payable SUTA Taxes Payable (To record payroll tax expense.) Sales Payroll: Salaries and Wages Expense Withholding Taxes Payable FICA Taxes Payable Cash A POLO POLO HOLD 2010 (To record salaries and wages expense.) Payroll Tax Expense FICA Taxes Payable FUTA Taxes Payable SUTA Taxes Payable (To record payroll tax expense.) Administrative Payroll: Salaries and Wages Expense Withholding Taxes Payable FICA Taxes Payable Cash (To record salaries and wages expense.) Payroll Tax Expense FICA Taxes Payable (To record payroll tax expense.)
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