Question:

A.Prepare a journal summarizing the payment of sara's total salary during the year?Please answer all questions

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Sara earns a salary of 8000 per month during the year.FICA taxes are 8% on the first 75000 of gross earnings.Federal unemployment insurance taxes are 6.2% of the first 7000; however, a credit is allowed equal to thestate unemplyment insurance taxes of 5.4% on the 7000.During the year, 24000 was withheld for fedral income taxes and 5300 was withheld for state income taxes. I'm sorry this is the correct question

A. Prepare a journal summarizing the payment of sara's total salary during the year?

b.Prepare a journal summarizing the employer payroll tax expense on sara's salary for the year?

c. determine the cost of employing sara's for the year ?

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1 ANSWERS


  1. Be careful babbles, I got in trouble for giving a similar response.

    a.  96000

    b.  dr payroll

              cr. cash

    c.  103000

    There are my answers.  Not sure if they are correct or not.

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