Can someone tell me the answers to 2019 cengage Accounting chapter 13- test A? Part Two-Journalizing and Posting Payroll Transactions
Selected payroll transactions for Petra Company follow.
Payroll tax rates are as follows: social security tax,
6.2%; Medicare tax, 1.45%; federal unemployment tax, 0.8%; state unemployment tax, 5.4%. No total earnings
have exceeded the tax base for calculating unemployment taxes.
Directions: Journalize the following transactions using page 7 of the general journal and cash payments
journal shown below. Source documents are abbreviated as follows: check, C; and memorandum, M.
Transactions
Apr. 15. Paid cash for liability for employee income tax, $693.00; social security tax, $770,04;
Medicare tax, $180.09; total, $1.643.13. C245.
15. Paid cash for semimonthly payroll; total payroll, $3,066.00, less employee income tax,
$182.00, social security tax, and Medicare tax. C246.
15. Recorded employer payroll tax expense for the semimonthly pay period ended April 15. M52.
30. Paid cash for federal unemployment tax liability for the quarter ended March 31, $149.04. C247.
30. Paid cash for state unemployment tax liability for the quarter ended March 31, $1,006.02. C248.
(What would go in general and what would go in cash payment journal?)