General fund payrolls for the year totaled 3822600 of that, Ask an Expert

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General Fund payrolls for the year totaled $3,822,600. Of that amount, $472,040 was withheld for employees' federal income taxes; $291,740 for employees' share of FICA taxes; $171,610 for employees' state income taxes; and the remaining $2,887,210 was paid to employees in cash. The City of Smithville does not record encumbrances for payrolls. The payrolls were chargeable against the following functions' appropriations:

General Government $ 476,376

Public Safety 2,013,110

Public Works 612,881

Health and Welfare 397,673

Culture and Recreation 322,560

Total $3,822,600

How would you record this in the general journal?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9947760

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