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Dixon Sales has seven sales employees that receive weekly paychecks. Each employee earns $11.00 per hour and has worked 40 hours in the pay period.
Dixon Sales has seven sales employees that receive weekly paychecks. Each employee earns $11.00 per hour and has worked 40 hours in the pay period. Total federal income tax withholdings are $369.60. Each employee pays 3.0% in state income tax, 6.0% in Social Security tax, 1.5% in Medicare tax, and 0.5% toward retirement savings. Journalize the recognition of the pay period ending January 19 that will be paid to the employees on January 26 . If an amount box does not require an entry, leave it blank. If required, round your answers to two decimal places
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