Question
Please review and provide a step by step explanation for the problem below and the ansers. Summary Payroll Data In the following summary of data
Please review and provide a step by step explanation for the problem below and the ansers.
Summary Payroll Data
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 83,100
3. Total earnings ?
Deductions: 4. FICA tax $33,240
5. Income tax withheld 141,300
6. Medical insurance 19,100
7. Union dues ?
8. Total deductions $205,000
9. Net amount paid$349,000
Accounts debited:
10. Wages$293,600
11. Sales Salaries ?
12. Office Salaries $110,800
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