Paid the treasurer of the union the amount of union dues withheld from workers' earnings during April. No journal entry is required, since the FICA taxes and federal income taxes withheld have been timely paid.įiled the state contribution return for the quarter ended March 31 and paid the amount to the state unemployment compensation fund.
Withheld $509 for federal income taxes, $128.90 for state income taxes, and $55 for union dues.įiled the Employer's Quarterly Federal Tax Return (Form 941) for the period ended March 31.
Paid the treasurer of the state the amount of state income taxes withheld from workers' earnings during the first quarter.Įlectronically transferred funds to remove the liability for FICA taxes and employees' federal income taxes withheld on the March payrolls. Withheld $565 for federal income taxes, $107.32 for state income taxes, and $50 for union dues. Paid the treasurer of the union the amount of union dues withheld from workers' earnings during March. In this problem, you are to record the payroll transactions for the last quarter of the firm's fiscal year. In the Illustrative Case in this chapter, payroll transactions for Brookins Company were analyzed, journalized, and posted for the third quarter of the fiscal year.
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