Lime co's payroll for the month ended
http://cpanet.com/cpa_forum/forum_posts.asp?TID=31150 NettetIn its financial statements for the month ended January 31, year 2, what amounts should Lime report as total payroll tax liability and as payroll tax expense? Liability/Expense …
Lime co's payroll for the month ended
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NettetThe company withheld the following amounts from the employees’ pay: federal income taxes $4,100; state income taxes $360; FICA taxes $2,678; and medical insurance premiums $940. This entry records the payroll: To record the payroll for the month ended April 30. All accounts credited in the entry are current liabilities and will be … NettetThe payroll register is identical for each company. B; The information in the payroll register forms the ... , D) Debit Cash, $250,000; Credit R. Sanders Capital, $250,00 0 30. Zipperle Company has the following payroll information for the pay period ending September 18 ... DEBIT CREDIT DEBIT CREDIT Jan 31 J4 420 1, Feb 15 J It is a …
Nettet28. jul. 2024 · Biweekly (26 Payroll Periods Per Year) Biweekly pay periods occur every two weeks. A typical year will have 26 pay periods but some years will have 27. … Nettet6. jun. 2024 · At the end of the month, the bookkeeper needs to update the journal to show that your company owes $6,600 ($2,200 x 3 unpaid days) to employees at the end of July. So, which accounts must be updated as of July 31st. The journal entry to account for the accrued payroll at the end of the month is represented below.
Nettet27. okt. 2024 · If the person doing payroll is sick for a day or two, it does not pose a problem. It just makes life easier than trying to figure payroll today for a check date of tomorrow. In some states, you can go as long as 16 days between the end of the pay period and the payday. Almost no one tries to meet payroll on the last day of the pay … Nettet19. nov. 2024 · 10:45 AM PST • March 6, 2024. When Microsoft, after a decade-long hiatus, relaunched its now 40-year-old Flight Simulator series in 2024, it reignited …
Nettet20. feb. 2010 · Lime Co.'s Payroll for the month ended January 31, is summarized as follows: Total Wages: $10,000. Federal Income Tax Witheld: $1200. All wages paid subject to FICA. FICA tax rates were 7% each for employee and employer. Lime remits payroll taxes on the 15th the following month. In its F/S for month ended January 31, what …
NettetA pay period, also known as a pay schedule, is the recurring amount of time that an employee is paid for. How frequently you pay employees depends on the length of your … cafe factsNettetQuestion: Lime Co.'s payroll for the month ended January 31 is summarized as follows Total wages $10,000 Federal income tax withheld $1.200 All wages paid were subject … cmh to gsp flightsNettetLime Co.s payroll for the month ended January 31, year 2, is summarized as follows: Total wages $10,000 Federal income tax withheld 1,200 All wag... Under state law, … cafe extrablatt waffelhttp://www.accountingmcqs.com/lime-co?s-payroll-for-the-month-ended-january-31-y-mcq-3259 cafef adsNettetQuestion:Lime & Co.'s payroll for the month ended January 31,2007 is summarized as follows: Total wages $10000 Federal income tax withheld $1200 All wages paid were subject to FICA.FICA tax rates were 7% each for the employees and the employer. The company remits payroll taxes on the 15th of the following month. In its financial … cmh to iad flightsNettetEntries for payroll and payroll taxes The following information about the payroll for the week ended December 30 was obtained from the records of Saine Co. Instructions 1. Assuming that the payroll for the last week of the year is to be paid on December 31, journalize the following entries: a. December 30, to record the payroll. cmh to ict flightsNettetWith the above in mind, here are the four types of pay periods your business may choose to use to pay employees for their work: Weekly – 52 pay periods per year (53 in leap … cmh to iad