The Following Payroll Liability Accounts Are Included in the Ledger

question 78

Essay

The following payroll liability accounts are included in the ledger of Devito Company on January 1, 2022: $$\begin{array}{ll}\text {FICA taxes payable }&\$1,750\\\text {fedreral income taxes payable }&4,000\\\text {state income taxes payable }&665\\\text { federal unemployment taxes payable}&175\\\text {state unemployment taxes payable }&1,190\\\end{array}$$ In January, the following transactions occurred:
Jan. 11 Deposited a check for $5,750 in Federal Reserve Bank for FICA taxes and federal income taxes withheld.
18 Paid state income taxes withheld from employees.
21 Paid state and federal unemployment taxes.
Instructions
Journalize the January transactions

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Definitions:

Moral Development

The process by which individuals learn to differentiate right from wrong, and to develop values and ethics that guide their behavior.

Global Self-Esteem

The overall view a person has about themselves, reflecting a general sense of self-worth or personal value.

Historically Marginalized

Refers to groups of people who have been systematically discriminated against or excluded from full participation in societal processes and institutions.

Black Americans

A term referring to Americans of African descent, emphasizing the distinct cultural and historical experiences of the African American community.