Urban Fit Corporation paid salaries and wages of $244,460 to its employees for the month. Of this amount, $6,460 was paid to employees who had already exceeded wages of $218,280. Also, $74,460 was paid to employees who had already been paid the SUTA maximum. FICA employee withholdings consist of a social security tax of 6.20% on the first $218,280 earned, plus a Medicare tax of 1.45% on all wages. Urban Fit pays employer taxes as follows: its required FICA contribution, plus a FUTA tax of 6.0% on wages up to the SUTA maximum. Of this amount, 5.4% is payable to the state and 0.6% is payable to the U. S. Treasury. Employee income tax withholding was $59,500. Deductions included: union dues (in conformity with the union agreement), $5,100, and insurance premiums, $20,400. Required Provide the entries to:.
a. Record liabilities for payroll deductions.
b. Record payroll tax expenses.
c. Record remittance of payroll obligations, including salaries payable to employees.
Note: Round your answers to the nearest whole dollar.
Note: List multiple debits or credits (when applicable) in alphabetical order.
Account Name Dr. a. Salaries Payable 186940 FICA Taxes Payable 0 FUTA Taxes Payable SUTA Taxes Payable Union Dues Payable 0 0 Salaries Payable b. Payroll Tax Expense FICA Taxes Payable 0 0 Health Care Savings Account Payable Withholding Taxes Payable 0 0 C. FICA Taxes Payable FUTA Taxes Payable Health Care Savings Account Payable 0 0 Payroll Tax Expense Retirement Contributions Payable SUTA Taxes Payable 0 0 Cash To record payments for taxes and payroll withholdings Payroll Tax Expense 0 Salaries Expense 0 To record payment to employees 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0