The Payroll summary of the Exeter Sales Corp. for the first quarter of the curre

Question

The Payroll summary of the Exeter Sales Corp. for the first quarter of the current calendar year showed the following salaries paid:

T. Nelson $3,985

U. Lauder 4,498

V. Rubler 9,389

J. Santiago 7,150

A. Spelvin 9,600

The payroll summary of the Exeter Sales Corp. for the second quarter of the current calendar year showed the following salaries paid:

T. Nelson $4,254

U. Lauder 4,765

B. Owen 6,210

V. Rubler 6,890

J. Santiago 2,345

A. Spelvin 4,280

Record the following transactions in general form:

2006

Apr. 3 Recorded the FICA tax (employer’s share) for the first quarter of the current year.

Apr. 15 Sent a check to NYS Unemployment Insurance based on our experience rating of 3.3%.

Apr. 4 Recorded the FICA tax (employer’s share) for the second quarter of the current year.

Apr. 14 Sent a check to NYS Unemployment Insurance based on our experience rating of 3.3%.

Apr. 15 Sent a check to the Internal Revenue Service for the federal unemployment insurance for the second quarter of the calendar year. (take the NYS unemployment taxes credit).

Explanation / Answer

showed the following salaries paid:
T. Nelson $3,985
U. Lauder 4,498
V. Rubler 9,389
J. Santiago 7,150
A. Spelvin 9,600

showed the following salaries paid:
T. Nelson $3,985
U. Lauder 4,498
V. Rubler 9,389
J. Santiago 7,150
A. Spelvin 9,600

First Quater Second Quater Employee Salaries FICA 6.2% T.Nelson 3985 247.07 4254 263.75 U.Lauder 4498 278.88 4765 295.43 V.Rubler 9389 582.12 6890 427.18 J.santiago 7150 443.3 2345 145.39 A.Spelvin 9600 595.2 4280 265.36 B. Owen 6210 385.02 Total 34622 2146.56 28744 1782.13 3-Apr Payroll Expenses 2146.56 FICA Taxes Payable 2146.56 14-Apr Payroll Expenses 1142.53 NYS Unemployment Insurance 1142.53 4-Apr Payroll Expenses 1782.13 FICA Taxes Payable 1782.13 14-Apr Payroll Expenses 948.55 NYS Unemployment Insurance 948.55 15-Apr NYS Unemployment Insurance 948.55 cash 948.55

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