Green Day Hardware Company’s payroll

Green Day Hardware Company’s payroll. Green Day Hardware Company’s payroll for November 2014 is summarized below.

At this point in the year, some employees have already received wages in excess of those to which payroll taxes apply. Assume that the state unemployment tax is 2.5%. The FICA rate is 7.65% on an employee’s wages to $109,900 and 1.45% in excess of $109,900. Of the $310,800 wages subject to FICA tax, $20,000 of the sales wages is in excess of $109,900. Federal unemployment tax rate is 0.8% after credits. Income tax withheld amounts to $17,070 for factory, $6,100 for sales, and $5,000 for administrative

Prepare a schedule showing the employer’s total cost of wages for November by function. (Round answers to 0 decimal places, e.g. 5,275. Do not leave any answer field blank. Enter 0 for amounts.)

Green Day Hardware Company’s payroll

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Prepare the journal entries to record the factory, sales, and administrative payrolls including the employer’s payroll taxes. (If no entry is required, select “No Entry” for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Account Titles and Explanation	Debit	Credit
Factory Payroll:
(To record salaries and wages expense.)
(To record payroll tax expense.)
Sales Payroll:
(To record salaries and wages expense.)
(To record payroll tax expense.)
Administrative Payroll:
(To record salaries and wages expense.)
(To record payroll tax expense.)

		Factory		Sales		Administrative		Total
Salaries and Wages		$		$		$		$
FICA Taxes
FUTA Taxes
SUTA Taxes
Total Cost		$		$		$		$