Question
Brief Exercise 10-6 Betsy Strands regular hourly wage rate is $18, and she receives an hourly rate of $27 for work in excess of 40
Brief Exercise 10-6
Betsy Strands regular hourly wage rate is $18, and she receives an hourly rate of $27 for work in excess of 40 hours. During a January pay period, Betsy works 47 hours. Betsys federal income tax withholding is $89, and she has no voluntary deductions. Assume that the FICA tax rate is 7.65%. Prepare the employers journal entries to record (a) Betsys pay for the period and (b) the payment of Betsys wages. Use January 15 for the end of the pay period and the payment date.
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| Date | Account Titles and Explanation | Debit | Credit | |
| (a) | Jan. 15 |
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| (b) | Jan. 15 |
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Security Audit And Control Features SAP ERP
Authors: Isaca
4th Edition
1604205806, 978-1604205800
