Question
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
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: $120,000
3. Total earnings: $ _________
Deductions: 4. FICA tax: $63,000
5. Income tax withheld: $200,000
6. Medical insurance: $37,000
7. Union dues: $__________
8. Total deductions: $315,000
9. Net amount paid. $525,000
Accounts increased: 10. Factory Wages: $400,000
11. Sales Salaries: $_______
12. Office Salaries: $150,000
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