Need help to journalize the payment of wages

Oct 18th, 2015
KateS
Category:
Accounting
Price: $10 USD

Question description

Cal Ruther, an employer, is subject to FICA taxes but exempt from FUTA and SUTA taxes. During the last quarter of the year, his employees earned monthly wages of $8,500, all of which is taxable. The amount of federal income taxes withheld each month is $1,040. Journalize the payment of wages, and record the payroll tax on November 27.

Tutor Answer

(Top Tutor) Daniel C.
(997)
School: University of Virginia
PREMIUM TUTOR

Studypool has helped 1,244,100 students

8 Reviews


Summary
Quality
Communication
On Time
Value
Five Star Tutor
Dec 7th, 2016
" Outstanding Job!!!! "
SjSurvivor143
Nov 22nd, 2016
" Thanks for the help. "
Joemoe
Nov 8th, 2016
" <3 it, thanks for saving me time. "
tinytim47
Oct 30th, 2016
" Wow this is really good.... didn't expect it. Sweet!!!! "
pmallory
Oct 26th, 2016
" Totally impressed with results!! :-) "
mixedballz
Oct 17th, 2016
" excellent work as always thanks for the help "
kiln82
Oct 3rd, 2016
" awesome work thanks "
darnay
Sep 24th, 2016
" The best tutor out there!!!! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1829 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors