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In the following summary of data for a payroll period, some amounts have been intentionally omitted. Calculate the amounts omitted below. Enter all your answers
In the following summary of data for a payroll period, some amounts have been intentionally omitted. Calculate the amounts omitted below. Enter all your answers as positive amounts.
Earnings: | ||
1. At regular rate | $ | |
2. At overtime rate | 120,000 | |
3. Total earnings | $ | |
Deductions: | ||
4. FICA tax | $63,000 | |
5. Income tax withheld | 200,000 | |
6. Medical insurance | 37,000 | |
7. Union dues | ||
8. Total deductions | $315,000 | |
9. Net amount paid | $525,000 | |
Accounts increased: | ||
10. Factory Wages | $400,000 | |
11. Sales Salaries | $ | |
12. Office Salaries | $150,000 |
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