Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company recorded various payroll payables (including salaries payable) of $70,000 for the month of April. If the net pay for this payroll was $50,000

A company recorded various payroll payables (including salaries payable) of $70,000 for the month of April. If the net pay for this payroll was $50,000 and employee benefits expense was $8,000, what was the gross pay for the month?

$70,000 $78,000 $62,000 $58,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essential Knowledge For A First Year Audit Staff Intern In Big 4 Accounting

Authors: Kevin Hsu

1st Edition

1481097040, 978-1481097048

More Books

Students also viewed these Accounting questions

Question

Why could the Robert Bosch approach make sense to the company?

Answered: 1 week ago