Question
Ondria Industries has the following payroll information for the semimonthly pay period ending April 30, 20XX: Gross pay $ 315,028.69 Federal withholding tax $ 31,570.00
Ondria Industries has the following payroll information for the semimonthly pay period ending April 30, 20XX:
| Gross pay | $ 315,028.69 |
|---|---|
| Federal withholding tax | $ 31,570.00 |
| Social Security tax | $ 18,921.08 |
| Medicare tax | $ 4,425.09 |
| 401(k) contributions | $ 12,601.15 |
| Health Insurance | $ 9,850.00 |
| Garnishment | $ 2,135.00 |
| Net pay | $ 235,526.37 |
Which items would be debited in the General Journal entry to record the employees' share of the payroll?
a. 401(k) contributions, $12,601.15
b. Garnishments, $2,135.00
c. Gross pay, $315,028.69
d. Net Pay, $235,526.37
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Software Engineering Reviews And Audits
Authors: Boyd L. Summers
1st Edition
143985145X, 978-1439851456
