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not sure whats wrong i know salary expense is correct Required Information IThe following information applies to the questions displayed below.J The following information applies
not sure whats wrong i know salary expense is correct
Required Information IThe following information applies to the questions displayed below.J The following information applies to the questions displayed below Aspen Ski Resorts has 100 employees, each working 40 hours per week and earr employees are allowed free skiing on their days off. Federal income taxes are wit Unemployment taxes are 6.2% of the first $7,000 earned per employee Aspen Ski Resorts has 100 employees, each working 40 hours per week and earning 620 an hour. Although the company does not pay any health or retirement benefits, one of the perks of working at Aspen is that employees are allowed free skiing on their days off. Federal income taxes are withheld at 15% and state income taxes at 5%. FICA taxes are 765% of the first $118,500 earned per employee and 1.45% thereafter un employm ent taxes are 6.2% of the first $7,000 earned per employee 7 value: 10.00 points Required: 1. Compute the total salary expense, the total withholdings from employee salaries, and the actual direct deposit of payroll for the first week of January. Total salary expense Total withholdings Actual direct deposit 80,000 20,292 28,940 $ $Step by Step Solution
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