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Payroll entry question in the accounts?

I am really lost. The queston is: Assuming that the billing for the final week of the year following is the paid by the fourth January fiscal year, a diary, the following entries: Dec. 4 to 30 record payroll January, at the salary record of the employer Payroll taxes are paid on the Jan 4th Warehouse Sales salaries Salaries 320 000 84 500 Office 155 500 salaries deductions: SS 109 760 Income tax withheld tax withheld Medicare tax withheld 28 560 8400 U.S. savings bond 16 400 24 690 Group Insurance adopted tax rates: SS 6% on the first 100,000 Medicare 1.5% 3.8% state unemployment rate Federal Unemployment Rate 0.8% Here is what I A. 30-DecSales salaries Expense320000 Warehouse salaries Office salaries Expense84500 Expense155500 Social Security Tax Payable28560 Medicare taxes payable 8400 employees Payable109760 Bond Tax Deductions Payable16400 Insurance Group Payable24690 salaries payable 372 190

The correct journal entries as follows: 30-Dec: Sales Salaries Expense (debit) 320 000 Warehouse Salaries Expense (debit) 84 500 Office Salaries Expense (debit) 155 500 State unemployment insurance Income tax expense (debit) 21 280 Federal unemployment tax (debit) 4480 Social Security tax payable (Credit) 67 200 Medicare tax payable (Credit) 16,800 employees "Income Tax (ES) Accounts Payable (Credit) 109 760 State unemployment taxes payable (Credit) 21 280 Federal unemployment taxes payable (Credit) 4480 Bond deduction (credit) payable 16 400 Insurance Group (Credit) to pay salaries 24 690 (credit) 372 190 4th January: Social Security taxes to be paid (debit) 67 200 Medicare taxes to be paid (debit) 16,800 employees, "Income Tax (IT) Payable (Debit) 109 760 State unemployment taxes payable (debit) 21 280 Federal unemployment taxes payable (debit) 4480 Bond Deductions Payable (Debit) 16 400 Insurance Group paid (debit paid) salaries 24 690 (debit) 372 190 Cash (Credit) 632 800 I hope I have all of that right as I am not currently with this my AA degree for employment purposes.

2010, 2011 Payroll Tax Rates

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How can I figure out how to do the state, a payroll in NY?

We have opened Corporation and a staff right now. So I want to even do on my statement. Does anyone have any information on where I could start? I am familiar with taxes and income tax filing in other countries so it is not all Greek to me. However, I was for some specific sites, etc to search U.S. and especially NY, that could be started to get me. Thank you!

Payroll taxes for CA, go here and search for the settlement of withholding tax. Payroll taxes for www.tax.state.ny.us Federal, go to www.irs.gov and search for the publication 15th

10. Dopemoney ft. Kid, Payroll & Chaz Bling – I’m Dat Nigga

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First of all, be emphasized that the following items are intended for educational purposes. You need your lawyer and accountant for the details of the tax rebates particularly as the law to consult it can be confusing, intimidating and deterrent for the average Joe.

With this being said, the tax according to the internal revenue service, the results of the Economic Stimulus Act of are 2008th If you will recall, this is the law, which subsequently injected 152 billion $ To the U.S. economy, supposedly to relieve the taxpayers suffering from the effects of recession by providing tax rebates.

Two groups

You need to have tax rebates in order for the Internal Revenue Service, qualified offer the check. There are two groups in the system – group 1 includes all taxpayers who paid their taxes in 2007 and Group 2 includes widows of veterans, war invalids and the elderly. It must be pointed out that a group of Phase-outs and limits, while Group 2 has the maximum amount of the taxpayer rebates may be retained in full.

Consideration should also be noted that the group a taxpayer can claim as many children as they want qualified, $ 300 for each. It is possible, the maximum rebate of $ 600 basic for individual taxpayer and $ 1,200 for add / Join-Filer. However, said Basic tax credit may make less, because the phase-outs are.

For example, if you have a single tax filer and you have two qualifying children, you can receive a maximum $ 1,800 $ 600 basic charge plus $ 600 to qualified children. Now, if You explain to your spouse jointly, taxes, and you have two qualified children, the maximum amount on your discounts are still $ 1,800, since the maximum basic rebate amount is set at $ 1,200 in your case. Note that this is not the amount you will end because of the phase-outs received and borders.

Claim the discounts

Have your tax return was filed on or before the expiry of the period by the Act, the Internal Revenue Service calculates the amount of the discount through your account. The check will then either be deposited directly into your bank account or by registered letter. However, if you do not file your income tax return, you will still qualify for a tax rebate under the stimulus program. This is consistent with the assumption that you should have to pay, benefits and other income sources, that would be taxed.

The government has seen it fit to tax rebates as rapidly as possible to release. So you should be able to receive it by December 30, have the year 2008, even if you extended the filing of your returns. Tax is good news for the ailing budget with financial problems before mainly caused by the recession. It can not be stressed enough that the tax refunds must be handled with care so that it does not go the way of the drain. And it is check your charm, somehow.

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Payroll Tax Effect

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