Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please help!! merger company has 10 employees

please help!! Merger Company has 10 employees, each of whom...

60.1K

Verified Solution

Question

Accounting

please help!!
image
Merger Company has 10 employees, each of whom earns $2,000 per month and has been employed since January 1, FICA Social Security taxes are 6.2% of the first $137,700 paid to each employee, and FICA Medicare taxes are 145% of gross pay. FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to each employee. Prepare the March 31 journal entry to record the March payroll taxes expense. View transaction list Journal entry worksheet 1 Record employer payroll tax expense. Note: Enter debits before credits Debit Credit Date General Journal March 31 View general journal Clear entry Record entry

Answer & Explanation Solved by verified expert
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!
Become a Member

Other questions asked by students

Q

Solve each equation for 0 ? ? < 2?.3) -3 = -3tan ?A) {0,?/4,?,5?/4} B)...

Algebra
Q

What do you think would happen if an Asiatic Streptococcus strain acquired genetic information from a European...

Biology
Q

A uniform cylindrical turntable of radius 1.90 m and mass 28.2 kg rotates counterclockwise in a...

Physics
Q

WACC AND COST OF COMMON EQUITY Kahn Inc. has a target capital structure of 60% common...

Finance
Q

1 x m are placed at the opposite ends of a rigid rod of length...

Physics
Q

3 If fcx 3x x and g x 3x 2 find and simplify each of...

Calculus
Q

etermine the cost assigned to ending inventory and to cost of goods sold using LIFO....

Accounting
Q

Required information [The following information applies to the questions displayed below.] Kubin...

Accounting
Q

Required Schedule C calculation in detail and form 1040 calculation detail Mark Moore, 48, Social...

Accounting
Q

Offering sales discounts on credit sales can benefit a seller by decreasing the delay in...

Accounting
Q

To raise additional cash, GA Company is negotiating with ABC Company to sell ABC some...

Accounting
Q

The company we used was Apple Inc. Prepare a "Cheat Sheet" that briefly describes Relevance,...

Accounting