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1. A companys giveroll information for the month of whitethorn follows: administrative salaries| $2,000| gross revenue salaries| 3,500| Shop wages| 4,000| FICA taxes withheld| 700| national income taxes withheld| 1,300| medical examination redress premiums withheld| 415| sum dues withheld| 205| | | On May 31 the company issued strike bump off No. 335 succumbable to the paysheet Bank Account to pay for the May payroll. It issued payroll checks to the employees after depositing the check. (1) Prep atomic number 18 the journal ledger ledger entry to record (accrue) the employers payroll for May. (2) piece the journal entry to pay for the May payroll. The federal and nominate unemployment tax rates are 0.8% and 5.4%, respectively, on the first $7,000 remunerative to each employee-the wages and salaries affair to these taxes were $6,000. (3) Prepare the journal entry to record the employers payroll taxes. assist: May| 31| admi nistrative Salaries write off| 2,000| | | | Sales Salaries Expense| 3,500| | | | Shop requital Expense| 4,000| | | | FICA Taxes account payable| | 700| | | Federal Income Taxes payable| | 1,300| | | Employee Medical Insurance due| | 415| | | Employee Union Dues Payable| | 205| | | increase Payroll Payable| | 6,880| | | | | | | 31| Accrued Payroll Payable| 6,880| | | | hard cash| | 6,880| | | | | | | 31| Payroll Taxes Expense| 1,072| | | | FICA Taxes Payable| | 700| | | Federal Unemployment Taxes Payable*| | 48| | | State Unemployment Taxes Payable*| | 324| | | | | | | | *$6,000 x 0.008 = $48.| | | | | *$6,000 x 0.054 = $324.| | | 2. A companys employer payroll taxes are 0.8% for federal unemployment taxes, 5.4% for state unemployment taxes, 6.2% for FICA neighborly tribute taxes on earnings up to $87,000, and 1.45% for FICA Medicare taxes on all...If you indispensability to go about a full essay, order it on our website: OrderCustomPa! per.com

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