Question
Determine the changes to the Balance Sheet, Income Statement, and Job Cost Ledger of an estimators time when that time is entered into the accounting
Determine the changes to the Balance Sheet, Income Statement, and Job Cost Ledger of an estimators time when that time is entered into the accounting system each week.
The estimator is paid $950 each week.
The employer has the following burden costs:
$ 61.75 for social security tax
$ 14.25 for Medicare
$ 19.01 for SUTA
$ 8.55 for FUTA
$ 9.54 for general liability insurance premium
$ 60.23 for workers comp insurance premium
$ 57.55 for employer contribution for health insurance premium
$ 39.58 for employee paid vacation
The employee has the following amounts deducted from her paycheck:
$ 61.75 for social security tax
$ 14.25 for Medicare
$ 123.51 for Federal withholding
$ 47.49 for CA state withholding
$ 83.72 for employee contribution for health insurance premium
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