The totals from the first payroll of the year are shown below. Total...
50.1K
Verified Solution
Link Copied!
Question
Accounting
| The totals from the first payroll of the year are shown below. | |||||||||||||
| Total Earnings | FICA OASDI | FICA HI | FIT W/H | State Tax | Union Dues | Net Pay | |||||||
| $36,195.10 | $2,244.10 | $524.83 | $6,515.00 | $361.95 | $500.00 | $26,049.22 | |||||||
Journalize the entry to deposit the FICA and FIT taxes.
For a compound transaction, if an amount box does not require an entry, leave it blank. Round your answers to two decimal places.
| CashFICA Taxes Payable-OASDIPayroll TaxesRent ExpenseWages Payable | |||
| Accounts PayableFICA Taxes Payable-HIPayroll TaxesRent ExpenseWages Expense | |||
| Employee FIT PayableNotes PayablePayroll TaxesRent PayableWages Expense | - Select - | - Select - | |
| Accounts ReceivableCashFICA Taxes Payable-HIFICA Taxes Payable-OASDIPayroll Taxes | - Select - | - Select - |
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.