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Bear Grllys was dropped off I. Payroll Problem-Irv's Texaco Station hired Millie as a cashier. Her wage rate is 524 per hour, with time-and-a-half for

Bear Grllys was dropped off
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I. Payroll Problem-Irv's Texaco Station hired Millie as a cashier. Her wage rate is 524 per hour, with time-and-a-half for hours greater than 40. In the first week of January Calculate: Millie worked 45 hours Rates: Soc Sec 6 % of fint S30000 Gross Pay Social Security Medicare: 1.5% ofa@wages Income Tax WH FUTA; 8%of first$7,000 SUTA:54% of first S7,00 5380 Inc. Tax WH Net Pay Calculate Payroll Tax Expense-s- -' s ' s_--' s 's LPartnership Income Sharing-King and Bunny started a partnership, sharing income as folows 1. Salary allowance per year of $24,000 to King, and $29,000 to Bunny 2 Interest on capital balance for each partner of 3 percent 3.The remainder s to be shared 40% to King 60% to bunny. f King had beginning capital of $90,000 and Bunny s started with $100,000 of capital, how would the income of $186,000 be shared? Salary Allowance Interes Remainder Total lli Partnership Journal Entries-Lake and Bay started a partnership Show the indicated entries Lake contributed cash of $60,000 and equipment with cost ofl $36.000 and fair market value of $32,000 2. The income summary ends up with a credit balance of $130,000 Lake and Bay share profits equally Lake withdrew $7,000 cash from the partnenship What is Lake's ending capital balance in the partnership? __ Show entries for this note payable 4/1/2017 Carter Corporation borrowed $60,000 with interest a 8 percent for 4 months 8/1/2017 Carter Corporation paid off the note plus interest

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