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https://www.double-entry-bookkeeping.com/payroll/payroll-accounting/
Jan 14, 2020 · Payroll includes the gross pay due to the employee and employer taxes. The gross pay is divided into net pay actually received by the employee and deductions made from the gross pay for employee taxes and other deductions such as pension contributions, healthcare contributions, and …
https://yourbusiness.azcentral.com/general-entry-payroll-tax-deductions-2094.html
General Entry for Payroll Tax Deductions. by Tara Kimball. Related Articles. ... Create a journal entry to recognize the employer payroll tax liability. Calculate the total of the employer contribution for Social Security and Medicare, state unemployment taxes and federal unemployment taxes. ... She has also worked in desktop support and ...
https://www.askmehelpdesk.com/accounting/correct-general-ledger-entry-garnishment-321114.html
What is the correct general ledger entry to record this and pay it. Booky Posts: 24 ... Other types of garnishments (child support and federal liens) mandate that the amount be sent immediately following the payroll date. ... The reversing entry in the general journal and posting it …
https://quizlet.com/132788965/proll-6-flash-cards/
Federal tax levies take secondary priority to wages withheld for child support orders. Information needed in preparing journal entry To record the wages earned, deductions from wages and net amount paid each payday is obtained from the payroll register.
https://www.patriotsoftware.com/blog/payroll/what-employers-should-know-about-child-support-withholding/
Sep 05, 2018 · According to the U.S. Department of Health & Human Services, 75% of child support payments are collected through child support withholding. As an employer, you may have to withhold child support from an employee’s wages at some point. What is child support withholding? Child support withholding is a court-mandated payroll deduction. You will ...Author: Mike Kappel
https://pocketsense.com/how-to-account-for-child-support-payments-13649516.html
If your business employs someone with a child support garnishment order, you are legally required to deduct the child support payment due from the employee's payroll checks and remit the payments to the appropriate state agency. Some states also allow you to charge the employee a …
https://accountinginfocus.com/financial-accounting/liabilities-financial-accounting/recording-payroll-and-payroll-liabilites/
The entry to record the employer portion of the taxes is similar to the entry above except no cash is paid at the time the entry is recorded. We must record the liabilities that will be paid and the company expense. Payroll Journal Entry Example 2. The total amount of company expense is $58.80 because the is the total amount of tax that the ...
https://quizlet.com/194858948/payroll-acct-2301-test-3-flash-cards/
completing the journal entry to record the payroll. ... wages expense. The garnishment that takes priority over all others is: a child support order. Which of the following is not an expense of the employer? Union dues witheld. ... The accrual entry for the portion of a weekly payroll that is accrued at the end of an accounting period is ...
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