Question
Rockford Adjusting entries December 31, 2014 The payroll summary for the employees are paid biweekly shows the following information at December 31, 2014: Delivery and
Rockford Adjusting entries December 31, 2014
The payroll summary for the employees are paid biweekly shows the following information at December 31, 2014:
Delivery and warehouse Wages 6,100
Fica Taxes Payble 430
Federal Witholdign Taxes 1,036
State Witholding Taxes 216
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Net Pay.......... 4,416
The employer's share of the FICA tax (430) must be accrued; no state or federal unemployment tax is incurred during the fourth quarter because all wages and salaries during the last quarter exceed the maximum subject to unemployment tax,
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Working Papers Volume 1 For Needles/Powers/Crossons Financial And Managerial Accounting 8th
Authors: Belverd E. Needles
8th Edition
0618777237, 978-0618777235
