In January, gross earnings in Burrell Company were $80,000. All earnings are subject to 7.65% FICA taxes.
Question:
(a) Calculate net pay for January,
(b) Record the payroll.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 56% (16 reviews)
a Net pay 80000 765 X 80000 14000 1600 58280 ...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
Question Posted:
Students also viewed these Accounting questions
-
All forecasts are subject to error. Do you think top managers would be concerned about the effects on the firm it sales revenues or unit costs, for example, turned out to be different from the...
-
All businesses are subject to various types of legal proceedings. Merck & Co. Inc., a global health care company that manufacturers prescription medicines, has been a defendant in a number of...
-
Name Hours Worked Pay Rate Federal Income Tax Withheld Breschi, K 95 $12 per hour $200 Carballo, P n/a $3,000 per month $850 Dangelo, J 180 $14 per hour $625 Gaines, T n/a $4,500 per month $1,100...
-
Consider a uniform plane wave having E = Ex(z, t), and H = H, (z,t), and propagating in the +z direction in a lossless dielectric medium. The time variation of Ex in a constant z-plane and the...
-
Consider the titration in Figure 15-2. (a) Write a balanced titration reaction. (b) Write two different half-reactions for the indicator electrode. (c) Write two different Nernst equations for the...
-
The complex [Co(CN) 6 ] 3 is pale yellow. (a) How many unpaired electrons are present in the complex? (b) If ammonia molecules replace the cyanide ions as ligands, will the wavelength of the...
-
Susan Wang and Lelah Burch are partners in an existing business. Each partner has $60,000.00 equity in the partnership. Partners share equally in all changes in equity. On April 1 of the current...
-
The following selected transactions were completed by Air Systems Company during January of the current year. Air Systems Company uses the periodic inventory system. Jan. 2. Purchased $18,200 of...
-
Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor - hours and its standard cost card per unit is as follows: Direct...
-
Presented next is information pertaining to Ward Specialty Foods, a calendar-year sole proprietorship, maintaining its books on the cash basis during the year. At year-end, however, Mary Ward's...
-
Medlen Company has the following account balances at December 31, 2014. Notes payable ($60,000 due after 12/31/15) ....... $100,000 Unearned service revenue .............. 70,000 Other long-term debt...
-
In January, the payroll supervisor determines that gross earnings for Carlyle Company are $120,000. All earnings are subject to 7.65% FICA taxes, 5.4% state unemployment taxes, and 0.8% federal...
-
Assume we are considering the survival of whales and that if the number of whales falls below a minimum survival level m, the species will become extinct. Assume also that the population is limited...
-
1. Analyze and explain the theoretical concepts related to the balance of payments of a country? - A country has exports of $20 billion, imports of $25 billion, net transfers from abroad of $1...
-
Cost overruns and extraordinary spending by healthcare organizations harms the sustainability of the healthcare organization. Through activity-based costing (ABC), the healthcare industry is working...
-
Pseudo code below: # Constructing the polynomial x^2 + y^2 x = np.linspace(-1, 1, 10) y = np.linspace(-1, 1, 10) x, y = np.meshgrid(x, y, copy=False) Z = x**2 + y**2 + np.random.rand(*x.shape)*0.01...
-
You are a recent hire at a company. Your manager explains that the company has not used budgets previously. She asks you to explain how budgets can be useful to a manufacturing firm. Create a...
-
1- y State the domain of the expression using interval notation. y 1 y Domain of is y y Submit Question
-
Consider a project that costs $10,000 today. It will provide benefi ts of $4,000 at the end of Year 1, $3,500 at the end of Year 2, and $3,500 at the end of Year 3. If the discount rate is 6 percent,...
-
The overall reaction and equilibrium constant value for a hydrogenoxygen fuel cell at 298 K is 2H 2 (g) + O 2 (g) 2H 2 O(l) K = 1.28 10 83 a. Calculate E cell and G 8 at 298 K for the fuel cell...
-
For EHV lines, a common practice of conductor bundling is used. Why?
-
Selected accounts from the ledgers of Kaylee Frye Company at July 31 showed the following. InstructionsFrom the data prepare:(a) The single-column purchases journal for July.(b) The general journal...
-
Simon Products uses both special journals and a general journal as described in this chapter. Simon also posts customers? accounts in the accounts receivable subsidiary ledger. The postings for the...
-
Selected account balances for R. Tam Company at January 1, 2012, are presented below. Accounts Payable $14,000 Accounts Receivable 22,000 Cash 17,000 Inventory 13,500 R. Tams sales journal for...
-
A test developer writes many items for a test to measure fear of heights. The items are then administrated to two groups of participants: people attending a clinic treating height phobia and people...
-
Content AreaCorporations prepare quarterly financial statements in order to help achieve a. materiality. b. timeliness. c. confirmatory value. d. faithful representation
-
Chartreuse Co. has purchased a brand new machine to produce its High Flight line of shoes. The machine has an economic life of four years. The depreciation schedule for the machine is straight-line...
Study smarter with the SolutionInn App