n -0- The payroll records of Protech Air Solutions, Ltd. are provided for the period...
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Accounting
n -0- The payroll records of Protech Air Solutions, Ltd. are provided for the period ended December 10 Required: Compute the necessary information for the payroll journal entries. Complete the entry to accrue the payroll. Complete the entry to record the payroll tax expense. Earnings to Medical Federal State End of Gross Insurance Union United Employee Income Income Previous Pay Deductio Dues Way Taxes Taxes 23 Week O T. Ames $72,000 $1,500 $185 $0 $25 $25 74 11 J. Dourre 6,450 600 99 135 201 101 22 12 M. Feildes 12,300 900 78 135 20 15 42 13 R. Steinman 135.500 2,725 425 180 40 125 14 L. Waterson 139,000 2,850 575 0 -0 50 145 15 Totals 365,2501 $8,575 $1,362 $4501 $65 $140) $408 16 The FICA Social Security compensation limit is $137,700. 17 The state unemployment tax rate is 5.4% on the first $12.960 paid to each employee. FICA FUTA FICA SS SUTA Employee Med wage wage wage base base base wage 18 base 19 T. Ames 20 J. Dourre 21 M. Feildes 22 R. Steinman 23 L Waterson 24 Totals ec. 10 Salaries and Wages Expense Federal Income Taxes Payable State Income Taxes Payable Medical Insurance Payable Union Dues Payable United Way Payable FICA Social Security Taxes FICA Medicare Taxes Payable Accrued Payroll Payable 10 Payroll Taxes Expense FICA Social Security Taxes FICA Medicare Taxes Payable SUTA Taxes Payable FUTA Taxes Payable


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