The following information pertains to the payroll of Fanelli Fashion Company on June 7: a. The total

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The following information pertains to the payroll of Fanelli Fashion Company on June 7:

a. The total wages earned by employees are $2,910.

b. The state unemployment insurance contribution rate is 3.75%.

c. The entire amount of wages is taxable under FICA, FUTA, and SUTA.

d. The amount withheld from the employees' wages for federal income taxes is $491; for state income taxes, $49.10; and for group insurance, $87.10. Journalize the payment of wages, and record the payroll taxes on June7.

The following information pertains to the payroll of Fanelli Fashion

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Payroll Accounting

ISBN: 978-1133962533

2013 edition

Authors: Bernard J. Bieg, Judith A. Toland

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Question Posted: Oct 10, 2013 03:03 AM

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The following information pertains to the payroll of Fanelli Fashion Company on June 7: a. The total

Question:

JOURNAL POST AEF DATE DESCAIPTION DEBIT CAEDIT

Step by Step Answer:

Wages 291000 FICA Taxes PayableOASDI 12222 FICA Taxes PayableHI 4220 ...View the full answer

Payroll Accounting

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