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Business, 23.04.2021 16:30 alleshia2007

PayrollThe payroll journal for the ABC Company on June 30thshows the following: Gross Wages | Federal Inc Taxes | FICA | State Inc Taxes | Health Insurance | Union Dues | Net pay
A $400 | $112 | $25 | $19 | $ 9 | $10 | $225
B $375 | $105 | $ 23 | $18 | $8 | $10 | $211
C $360 | $100 | $22 | $17 | $ 0 | 0 | $221
D $410 | $116 | $26 | $20 | $12 | $12 | $224
OTHER INFORMATION
a) Assume that the FUTA rate is 5.8%, that its SUTA rate is 4.8% and that the full state rate can be used as a credit against the federal rate.
b) Assume that all wages are subject to federal and state unemployment taxes and that all wages are subject to FIC taxes. Round to the nearest dollar (do not include cents).
REQUIRED:
a) Calculate the employer and employee liabilities.
b) Prepare the appropriate journal entries.

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PayrollThe payroll journal for the ABC Company on June 30thshows the following: Gross Wages | Fede...
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