Selected data from a February payroll register for Sheridan Company are presented below. Some amounts are intentionally omitted. Gross earnings: State income taxes $(3) Regular $8,400 Union dues 160 Overtime (1) Total deductions (4) Total (2) Net pay $7,622 Deductions Account debited: FICA taxes $ 765 Salaries and wages expense (5) Federal income taxes 1,053 FICA taxes are 7.65%. State income taxes are 4% of gross earnings. Fill in the missing amounts. (Round answers to 0 decimal places, e.g. 125.) Gross earnings: State income taxes $ (3) Regular $8,400 Union dues 160 Overtime (1) Total deductions (4) Total (2) Net pay $7,622 Deductions Account debited: FICA taxes $765 Salaries and wages expense (5) Federal income taxes 1,053
Selected data from a February payroll register for Sheridan Company are presented below. Some amounts are intentionally omitted. Gross earnings: State income taxes $(3) Regular $8,400 Union dues 160 Overtime (1) Total deductions (4) Total (2) Net pay $7,622 Deductions Account debited: FICA taxes $ 765 Salaries and wages expense (5) Federal income taxes 1,053 FICA taxes are 7.65%. State income taxes are 4% of gross earnings. Fill in the missing amounts. (Round answers to 0 decimal places, e.g. 125.) Gross earnings: State income taxes $ (3) Regular $8,400 Union dues 160 Overtime (1) Total deductions (4) Total (2) Net pay $7,622 Deductions Account debited: FICA taxes $765 Salaries and wages expense (5) Federal income taxes 1,053
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter11: Current Liabilities And Payroll
Section: Chapter Questions
Problem 4PB
Related questions
Question
Selected data from a February payroll register for Sheridan Company are presented below. Some amounts are intentionally omitted.
Gross earnings: | State income taxes |
$(3)
|
||||
Regular |
$8,400
|
Union dues |
160
|
|||
Overtime |
(1)
|
Total deductions |
(4)
|
|||
Total |
(2)
|
Net pay |
$7,622
|
|||
Deductions | Account debited: | |||||
FICA taxes |
$ 765
|
Salaries and wages expense |
(5)
|
|||
Federal income taxes |
1,053
|
FICA taxes are 7.65%. State income taxes are 4% of gross earnings.
Fill in the missing amounts. (Round answers to 0 decimal places, e.g. 125.)
Gross earnings: | State income taxes |
$
|
(3) | |||||
Regular |
$8,400
|
Union dues |
160
|
|||||
Overtime |
|
(1) | Total deductions |
|
(4) | |||
Total |
|
(2) | Net pay |
$7,622
|
||||
Deductions | Account debited: | |||||||
FICA taxes |
$765
|
Salaries and wages expense |
|
(5) | ||||
Federal income taxes |
1,053
|
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