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The payroll information for a pay period is recorded in the general ledger. O True False Net pay is equal to gross pay less the
The payroll information for a pay period is recorded in the general ledger. O True False Net pay is equal to gross pay less the amount withheld for federal income tax. True O False The payroll register: O is a worksheet. O is a journal for recording payroll entries. O keeps track of an individual employee's payroll history for a calendar year. O is a log for employees to sign in and out of work. Companies can choose different pay periods for hourly workers versus salary workers. O True O False Betsy's Auction House's payroll for June includes the following data: Gross earnings $4,100 Salaries subject to FICA: 6.2% OASDI 3,000 1.45% Medicare 4,100 Salaries subject to unemployment: 0.8% FUTA 2,000 2.0% SUTA 2.000 Other deductions include: Federal income tax 700 State income tax 400 What is the net pay? (Round intermediary calculations to the nearest cent and final answers to the whole dollar.) O $2,767 O $1,667 O $2,367 O $2,067
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