During the month of March, Sunland Company’s employees earned wages of $68,000.
ID: 2570570 • Letter: D
Question
During the month of March, Sunland Company’s employees earned wages of $68,000. Withholdings related to these wages were $5,202 for Social Security (FICA), $7,969 for federal income tax, $3,294 for state income tax, and $425 for union dues. The company incurred no cost related to these earnings for federal unemployment tax but incurred $744 for state unemployment tax.
Date
Account Titles and Explanation
Debit
Credit
SHOW LIST OF ACCOUNTS
LINK TO TEXT
Date
Account Titles and Explanation
Debit
Credit
During the month of March, Sunland Company’s employees earned wages of $68,000. Withholdings related to these wages were $5,202 for Social Security (FICA), $7,969 for federal income tax, $3,294 for state income tax, and $425 for union dues. The company incurred no cost related to these earnings for federal unemployment tax but incurred $744 for state unemployment tax.
Explanation / Answer
a Salaries and Wage Expense 68000 FICA Taxes Payable 5202 Federal Income Taxes Payable 7969 State Income Taxes Payable 3294 Union Dues Payable 425 Salaries and Wages Payable 51110 b Payroll Tax Expense 5946 FICA Taxes Payable 5202 State Unemployment Taxes Payable 744
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.