Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 15, 2024

Number 3 A company has 90 employees and a weekly payroll of $117,000. the FICA-social security tax withheld totals $7.254 and the FICA-medicare tax withheld

image text in transcribed

Number 3

A company has 90 employees and a weekly payroll of $117,000. the FICA-social security tax withheld totals $7.254 and the FICA-medicare tax withheld totals $1, 696.50. the total withholding for federal income tax is $16, 500. prepare the journal entry to this week's salaries expense and withholdings

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Financial Accounting

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

9th Edition

1118334329, 978-1118334324

More Books

Students also viewed these Accounting questions

Question

★★★★★

Consult Paragraphs 67 of PCAOB Auditing Standard No. 13.Describe why netting write-offs against other gains would be effective for Waste Managements management team in trying to cover up their...

Answered: 1 week ago

Question

★★★★★

This Company Sucks (and Blows) Since 1991, Dyson has been a company that has constantly searched for the next, better product. Even as it introduces one product to the market, they are filing patents...

Answered: 1 week ago

Question

★★★★★

5. In addition to the example given in this chapter of mistakenly thinking a person was flirting with you, what experiences have you had with inaccurately perceiving other peoples communication?

Answered: 1 week ago

Question

★★★★★

DJS Investment Services must develop an investment portfolio for a new client. As an initial investment strategy, the new client would like to restrict the portfolio to a mix of two stocks: The...

Answered: 1 week ago

Question

★★★★★

Number 3 A company has 90 employees and a weekly payroll of $117,000. the FICA-social security tax withheld totals $7.254 and the FICA-medicare tax withheld totals $1, 696.50. the total withholding...

Answered: 1 week ago

Question

★★★★★

I/O (Industrial/Organizational) Psychologists examine hiring practices and employer/employee relations in many major corporations. Recently, the contributions of employee status has been explored as...

Answered: 1 week ago

Question

★★★★★

Erwin Company, a calendar year taxpayer, made only two purchases of depreciable personalty this year. The first purchase was five-year recovery property costing $312,800, and the second purchase was...

Answered: 1 week ago

Question

★★★★★

Record adjusting journal entries for each separate case below for year ended December 31. Assume no other adjusting entries are made during the year. a. Unearned Rent Revenue. The Krug Company...

Answered: 1 week ago

Question

★★★★★

Robotic Construction Toys Corp. is using a costs-of-quality approach to evaluate design engineering efforts for a new toy robot. The company's senior managers expect the engineering work to reduce...

Answered: 1 week ago

Question

★★★★★

Owen Corp. manufactures computer desks in its Nashville, Tennessee, plant. The company uses activity-based costing to allocate all manufacturing conversion costs (direct labor and manufacturing...

Answered: 1 week ago

Question

★★★★★

MINI CASE Aerocomp Corporation As she headed toward her boss's office, Emily Hamilton, chief operating officer for the Aerocomp Corporation-a computer services firm that specialized in airborne...

Answered: 1 week ago

Question

★★★★★

8. Explain the contact hypothesis.

Answered: 1 week ago

Question

★★★★★

2. Define the grand narrative.

Answered: 1 week ago

Question

★★★★★

9. Identify eight contact conditions that influence positive attitude change.

Answered: 1 week ago

Previous Question Next Question