Dixon sales has five sales employees that receive weekly paychecks. Each earns $12 per hour and each has worked 40 hours in the pay period. Each employee pays 12% of gross in federal income tax, 3% of gross in state income tax, 6% of gross in social security tax, 1.5% of gross in Medicare tax, and 0.5% of gross in state disability insurance. Journalize the recognition of the pay period ending January 19 which will be paid to the employees January 26. resource from Cengage Learning - Microsoft Edgessignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress-falseCalculatorDixon Sales has five sales employees that receive weekly paychecks. Each earns $12.00 per hour and each has worked 40 hours in the pay period. Each employee pays 12% of gross infederal income tax, 3% of gross in state income tax, 6% of gross in Social Security tax, 1.5% of gross in Medicare tax, and 0.5% of gross in state disability insurance.Journalize the recognition of the pay period ending January 19 which will be paid to the employees January 26. If an amount box does not require an entry, leave it blank. Present youranswers to the nearest cent.Jan. 19All work savede to search00000000000000

Journalize the recognition of the pay period ending January 19th which will be paid to the employees…

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College Accounting (Book Only): A Career Approach

12th Edition

ISBN:9781305084087

Author:Cathy J. Scott

Publisher:Cathy J. Scott

Chapter7: Employee Earnings And Deductions

Section: Chapter Questions

Problem 1E

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Dixon sales has five sales employees that receive weekly paychecks. Each earns $12 per hour and each has worked 40 hours in the pay period. Each employee pays 12% of gross in federal income tax, 3% of gross in state income tax, 6% of gross in social security tax, 1.5% of gross in Medicare tax, and 0.5% of gross in state disability insurance. Journalize the recognition of the pay period ending January 19 which will be paid to the employees January 26.

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ssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress-false
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Dixon Sales has five sales employees that receive weekly paychecks. Each earns $12.00 per hour and each has worked 40 hours in the pay period. Each employee pays 12% of gross in
federal income tax, 3% of gross in state income tax, 6% of gross in Social Security tax, 1.5% of gross in Medicare tax, and 0.5% of gross in state disability insurance.
Journalize the recognition of the pay period ending January 19 which will be paid to the employees January 26. If an amount box does not require an entry, leave it blank. Present your
answers to the nearest cent.
Jan. 19
All work saved
e to search
0000000
0000000

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