Summary Payroll Data In the following summary of data for a payroll period, some amounts have been intentionally omitted: Earnings: 1. At regular rate 2. At overtime rate $58,000 3. Total earnings Deductions: 4. Social security tax 23,220 5. Medicare tax 5,805 6. Income tax withheld 98,600 7. Medical insurance 13,300 8. Union dues 9. Total deductions 143,000 10. Net amount paid 244,000 Accounts debited: 11. Factory Wages 205,100 12. Sales Salaries 13. Office Salaries 400,ר7

Summary Payroll Data In the following summary of data for a payroll period, some amounts have been intentionally omitted: Earnings: 1. At regular rate 2. At overtime rate $58,000 3. Total earnings Deductions: 4. Social security tax 23,220 5. Medicare tax 5,805 6. Income tax withheld 98,600 7. Medical insurance 13,300 8. Union dues 9. Total deductions 143,000 10. Net amount paid 244,000 Accounts debited: 11. Factory Wages 205,100 12. Sales Salaries 13. Office Salaries 400,ר7

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter8: Liabilities And Stockholders' Equity

Section: Chapter Questions

Problem 8.2.3P: Recording payroll and payroll taxes The following information about the payroll for the week ended...

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