An employee receives an hourly rate of $32.00, with time and a half for all hours worked in excess of 40 during a week. Payroll data for the current week are as follows: hours worked, 48; federal income tax withheld, $327.00; social security tax rate, 6.0%; and Medicare tax rate, 1.5% on all earnings. What is the net amount to be paid to the employee?

Select the correct answer.

$1,664.00

$1,212.20

$1,209.00

$1,084.20

Allowance for Doubtful Accounts has a debit balance of $339 at the end of the year (before adjustment), and Bad Debt Expense is estimated at 4% of sales. If net sales are $908,500, the amount of the adjusting entry to record the estimate of the uncollectible accounts is

$36,679

$36,340

$36,001

$339