In the following summary of data for a payroll period, some amounts have been intentionally omitted: Earnings:
Question:
Earnings:
1. At regular rate ............................. ?
2. At overtime rate ................ $120,000
3. Total earnings ............................ ?
Deductions:
4. FICA tax .......................... 63,000
5. Income tax withheld ........... 200,000
6. Medical insurance ............... 37,000
7. Union dues ............................. ?
8. Total deductions ............... 315,000
9. Net amount paid ............... 525,000
Accounts increased:
10. Wages ......................... 400,000
11. Sales Salaries ......................... ?
12. Office Salaries ............... 150,000
Compute the amounts omitted in lines (1), (3), (7), and (11).
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