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    Too Short's Avatar
    Too Short Posts: 85, Reputation: -1
    Junior Member
    		  
    #1

    Jan 6, 2007, 08:13 PM
    Taxes
    Say that Hambro has a semimonthly payroll of 38,000 on September 15. The total payroll is taxable under FICA taxes HI; $32, 850 is taxable under FICA taxes OASDI; and 9,300 is taxable unders FUTA and SUTA. The sate contribution rate for the company is 3.1%. The amount withheld for fedral income taxes is 5,780. The amount withheld for state income taxes is 809.

    How would I jounalize the payment of the wage, and record the payroll taxes on September 15.



    Assume that the employees of Hambro, inc, nust also pay state contribution(disability insurance) of 1% on the taxable payroll of 29,300 and that the employee's contribution are to be deducted bt the employer. Journalize the September 15 payment of wages. Asming that the state contributions of the employees are kept in a separate account.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jan 8, 2007, 10:08 AM
    Sorry, tax season has started and I cannot answer these questions.

    No time!
    Too Short's Avatar
    Too Short Posts: 85, Reputation: -1
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    #3

    Jan 11, 2007, 09:34 PM
    What this have to do with learning it
    Too Short's Avatar
    Too Short Posts: 85, Reputation: -1
    Junior Member
    		  
    #4

    Jan 11, 2007, 09:35 PM
    Quote Originally Posted by AtlantaTaxExpert
    Sorry, tax season has started and I cannot answer these questions.

    No time!
    What this have to do with me learning this stuff
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #5

    Jan 12, 2007, 01:17 AM
    Too Short:

    It has NOTHING to do with you learning your lessons.

    It has everything to do with my limited time availability. I answer real life tax questions during tax season, plus work on tax returns, plus work a full-time day job, plus have other family activities.

    I cannot work on your lessons with you during tax season, because I simply do not have the time.
    Too Short's Avatar
    Too Short Posts: 85, Reputation: -1
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    #6

    Jan 17, 2007, 08:42 PM
    Thank for your time
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #7

    Jan 17, 2007, 09:00 PM
    Sorry I could not be more helpful!
    Too Short's Avatar
    Too Short Posts: 85, Reputation: -1
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    #8

    Sep 24, 2007, 10:58 PM
    Tax season gone so what's the answer. Not school. If it was it over now
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #9

    Sep 25, 2007, 10:33 AM
    If it is NOT lessons, then WHY are you doing it??
    Too Short's Avatar
    Too Short Posts: 85, Reputation: -1
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    #10

    Sep 26, 2007, 08:38 PM
    Quote Originally Posted by AtlantaTaxExpert
    If it is NOT lessons, then WHY are you doing it???
    Just to learn it
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #11

    Sep 27, 2007, 11:43 AM
    Okay.

    Unfortunately, I do not do payroll accounting, so I cannot adequately answer your question.
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