Selected data from a February payroll register for Gerfield Company are presented below. Some amounts are intentionally
Question:
Selected data from a February payroll register for Gerfield Company are presented below. Some amounts are intentionally omitted
FICA taxes are 8%. State income taxes are 3% of gross earnings.Instructions(a) Fill in the missing amounts.(b) Journalize the February payroll and the payment of thepayroll.
Transcribed Image Text:
State income taxes Union dues Total deductions Net pay Accounts debited: Warehouse wages Store wages Gross earnings: Regular $(3) 100 (4) $8,900 Overtime (1) (2) Total Deductions: FICA taxes Federal income taxes $7,660 $ 800 (5) 1,140 $4,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (13 reviews)
a 1 1100 10000 see 2 below 8900 2 10000 FICA taxes 800 8 3 300 10000 3 4 23...View the full answer
Answered By
Patrick Busaka
I am a result oriented and motivated person with passion for challenges because they provide me an opportunity to grow professionally.
5.00+
38+ Reviews
58+ Question Solved
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Question Posted:
Students also viewed these Accounting questions
-
Selected data from a February payroll register for Landmark Company are presented below. Some amounts are intentionally omitted. FICA taxes are 8%. State income taxes are 3% of gross earnings....
-
Selected data from a February payroll register for Halverson Company are presented below. Some amounts are intentionally omitted. FICA taxes are 7.65%. State income taxes are 4% of gross earnings....
-
Selected data from a February payroll register for Favino Company are presented below. Some amounts are intentionally omitted. FICA taxes are 8%. State income taxes are 3% of gross...
-
A triangular truss structure is shown below. If all truss members are 2.0 m long (a, b, & c in the sketch) and forces L and Rare both 8.0 kN, then what is the force in truss member a? Assume that the...
-
In its Summer 2013 Animal Action Report, the National Anti-Vivisection Society stated that "59% of Americans between the ages of 18 and 29 oppose medical testing on animals." The percentage of 59%...
-
A four-pole, 800V 3-phase synchronous generator is synchronized to an infinite bus bar of 800V. A steam turbine rotates the generator with speed of 1800 rpm and delivers 2530 Nm to the generator...
-
In Exercises 1518, use the given set of points to a. Compute b1. b. Compute the residual standard deviation se. c. Compute the sum of squares for x, (x x)2. d. Compute the standard error of b1, sb....
-
( GAAP and Economic Consequences) The following letter was sent to the SEC and the FASB by leaders of the business community. Dear Sirs: The FASB has been struggling with accounting for derivatives...
-
What factors does a financial manager need to consider when determining a suitable level of working capital for a corporation? Explain why you consider your chosen factors are important. Why is the...
-
In the drawing below you can see a cut through a bevel gear box. The torque from the drive side (1) is transmitted with the bevel gear (2) to the outcome side (3). The drawing has some design flaws...
-
Alvamar Company has the following data for the weekly payroll ending January 31 Employees are paid 112 times the regular hourly rate for all hours worked in excess of 40 hours per week. FICA taxes...
-
According to a payroll register summary of Ruiz Company, the amount of employees gross pay in December was $850,000, of which $90,000 was not subject to FICA tax and $750,000 was not subject to state...
-
Which of the following is taxable income? a. Damage award received for punitive damages from physical injury b. Damage award received for punitive damages from a non-physical injury c. Damage award...
-
Formative Exercise Exercise Description: Using concepts, issue, and skills you learnt form the readings, PowerPoints notes, the Business Case provided in the next few slides, to address the questions...
-
Suppose that a random variable is normally distributed with mean = 2 and variance o = 16 (we write X~ N(2, 16)). We will calculate the probability that the random variable takes on a value less than...
-
Given the following account balances before closing entries, what would be the balance for Retained Earnings on the Post - Closing Trial Balance (assuming the beginning Retained Earnings balance is...
-
How do religious institutions function as mechanisms of social control, utilizing doctrines, rituals, and moral guidelines to shape behavior and enforce conformity within religious communities and...
-
Describe the advantages and disadvantages of object-oriented databases. Explain the differences between rational and object-oriented databases. Explain the security features of object-oriented...
-
You have four electronic audio generators, A, B, C, and D, all producing tones near \(1200 \mathrm{~Hz}\) that are easily audible but not distinguishable by ear. When you increase the frequency of...
-
A horizontal annulus with inside and outside diameters of 8 and 10 cm, respectively, contains liquid water. The inside and outside surfaces are maintained at 40 and 20oC, respectively. Calculate the...
-
Find the volume of the solid with the given base and cross sections. The base is the region enclosed by y = x 2 and y = 3. The cross sections perpendicular to the y-axis are rectangles of height y 3 .
-
Explain the differences between depreciation expense and accumulated depreciation.
-
On January 9, a company pays $5,000 for salaries, of which $2,000 was reported as Salaries Payable on December 31. Make the entry to record the payment.
-
For each of the following items before adjustment, indicate the type of adjusting entry (prepaid expense, unearned revenue, accrued revenue, and accrued expense) that is needed to correct the...
-
a-1.If the required return is 11 percent, what is the profitability index for both projects? (Do not round intermediate calculations and round your answers to 3 decimal places, e.g., 32.161.) Project...
-
3 Neutron Atomic nuclei are made up of protons and neutrons. Protons and neutrons are made up of quarks. In this problem, we will investigate the electric field of a neutron. The neutron consists of...
-
Perform the indicated operation (6x313x24x+5)=(x+1)
Study smarter with the SolutionInn App