Question
Im having a difficult time finding what the salaries payable is.here is the promblem please help.. Thank you in advance!! The following monthly data are
Im having a difficult time finding what the salaries payable is.here is the promblem please help.. Thank you in advance!!
The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $640,000; Office salaries, $128,000; Federal income taxes withheld, $192,000; State income taxes withheld, $43,000; Social security taxes withheld, $47,616; Medicare taxes withheld, $11,136; Medical insurance premiums, $15,500; Life insurance premiums, $12,500; Union dues deducted, $9,500; and Salaries subject to unemployment taxes, $67,000. The employee pays forty percent of medical and life insurance premiums.
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