Question

Assume that all wages have been paid and that all quarterly payments have been submitted to the state as required. The payroll information for 2016 for Fashion Sense appears below. The required federal tax deposits were submitted as follows: a deposit of $149.78 on April 21, a deposit of $348.48 on July 22, and a deposit of $77.22 on October 21.

  

Quarter Ended		Total Wages Paid			Wages Paid in Excess of $7,000				State Unemployment Tax Paid
Mar.	31		$	24,963.00			–0–		$	424.37
June.	30			62,000.00			3,920.00			987.36
Sept.	30			34,500.00			21,630.00			218.79
Dec.	31			38,000.00			33,380.00			78.54
Totals			$	159,463.00		$	58,930.00		$	1,709.06

In general journal form, record issuance of a check on January 28, 2017, for the balance of FUTA tax due for 2016. (Round your answers to 2 decimal places.)

Answer 1