Question
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 113,000 3. Total earnings $_______
Deductions: 4. FICA tax $54,375 5. Income tax withheld 144,750 6. Medical insurance 72,875 7. Union dues $ _________ 8. Total deductions $294,750 9. Net amount paid $491,250
Accounts increased: 10. Factory Wages $551,500 11. Sales Salaries $_________ 12. Office Salaries $100,000
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