Recording payroll and payroll costs Le Banquet Francaise restaurant employs 1 man- ager, 2 chefs, 4 waiters,

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Recording payroll and payroll costs Le Banquet Francaise restaurant employs 1 man- ager, 2 chefs, 4 waiters, and 3 helpers. They are paid monthly as follows:image text in transcribed

All personnel are entitled to a half month of paid vacation time per year which the company accrues each month. Income tax withholdings average 20 percent of payroll for federal tax and 5 percent for state tax. All employees except the manager belong to a union whose monthly dues of 2 percent of salary are withheld by the employer. FICA withholdings are 7 percent of pay. The company contributes $18 per month per employee for a group health and accident insurance plan. The waiters receive tips from customers which they share with the helpers.image text in transcribed

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Cost Accounting

ISBN: 9780538817646

2nd Edition

Authors: Les Heitger, Pekin Ogan, Serge Matulich

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