Question

thw payroll summary for the biweekly pay period ended friday december 7 contains the following information...

thw payroll summary for the biweekly pay period ended friday december 7 contains the following information
delivery wages. $4860
taxes withheld 350
income taxes withheld 900
state income taxes withheld
net pay = 190
employers payroll taxes:
taxes $350
prepare the journal entry.

Homework Answers

Answer #1
Delivery wages 4860
Employer payroll tax 350
         To withheld taxes payable 350
         To income tax withheld payable 900
         To state income tax withheld payable 190
         To cash / bank 3420
         To employer payroll tax payable 350
Note: It is assumed that employer payroll tax shall be borne by the employer and shall not be deducted from the wages.
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