THE OWNER PURCHASED SUPPLIFS WORT H Ple,o0o GENERAL JOURNAL PAGE1 DATE A CC OUMT TITLE AHD EXPLANTION PR DEBIT CREDIT 2019 JUL- SUPPLIES 牌03|Po0 CASA Plopoo ACCoumT NO ACCOUNT HAME ACCOUNT TITLE AM EXPLANATION DATE J.R. DEBIT CREDIT BALANCES ACCOUMT NAME ACCOUNT Np.
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- What is EE Taxable Wages FUTA in quater 3? Emloyee Q1 Q2 Q3 Q4 EE 3500 3500 3200 3200 I thought the answer was (7000 - ( 3200 - 500)) = 4300 and to find FUTA it would be 4300*.006 = 258. Thats not it. Then I thought maybe its 7000 - (2700 - 500) = 7000 - 2200 = 4800 But thats not it. Help!Design a salary slip for the month of December 2021 with information given below. Fixed vs variable ratio- 70:30Ctc - 18LBasic- 50%Hra- 20%Da - 12%Travel allowance- 2000Insurance - 2500Incentive- 75% target completionPf 12%Earned leaves - 2LOP - 4 Prepare the assignment in Ms excelNabb & Fry Co. reports net income of $25,000. Interest allowances are Nabb $5,000 and Fry$4,000, salary allowances are Nabb $14,000 and Fry $10,000, and the remainder is sharedequally. Show the distribution of income. (If an amount reducesthe account balance then enter with anegative sign preceding the number e.g. -15,000 or parenthesis e.g. (15,000).)Division of NetIncomeNabb FrySalary allowance $ $ $InterestallowanceRemainingexcess/deficiencyTotal division ofnet income$
- 8. The ownerwithdrawscash forpersonalused.9. Thecompanypurchasesland by paying halfin cash andsigning anote.10. Thecompanypays thesupplier fortheirpurchaseslast month.Required information Skip to question [The following information applies to the questions displayed below.] BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $128,400 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to its employee. Gross Pay throughAugust 31 Gross Pay forSeptember a. $ 6,400 $ 800 b. 2,000 2,100 c. 122,100 8,000 Compute BMX’s amounts for each of these four taxes as applied to the employee’s gross earnings for September under each of three separate situations (a), (b), and (c). (Round your answers to 2 decimal places.) a) Tax September Earnings Subject to Tax Tax Rate Tax Amount FICA—Social Security FICA—Medicare FUTA SUTA b) Tax September Earnings Subject to Tax Tax Rate Tax Amount FICA—Social Security…Required information Skip to question [The following information applies to the questions displayed below.] BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $128,400 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to its employee. Gross Pay throughAugust 31 Gross Pay forSeptember a. $ 6,400 $ 800 b. 2,000 2,100 c. 122,100 8,000 Assuming situation (a), prepare the employer’s September 30 journal entries to record salary expense and its related payroll liabilities for this employee. The employee’s federal income taxes withheld by the employer are $80 for this pay period. Complete this question by entering your answers in the tabs below. Taxes to be Withheld From Gross Pay General Journal The employee’s federal income taxes withheld by the employer are $80 for…
- Answers: a) Present due b) 224 paymenrs weekly c) $199.20 d) 0.142 e) $95000At December 31, 2021, what amount was reported by Brown Company as accrued salaries payable? Choices: P90,000 P84,000 P72,000 P22,000On December 31, 2021, what amount should PO report for accrued salaries payable? *see attached a. P 100,000b. P 94,000c. P 82,000d. P 35,000
- Hello, can you help me with this question? Amount to BeWithheld Employee FilingStatus No. of WithholdingAllowances Gross Wageor Salary PercentageMethod Wage-BracketMethod Lennon, A. MFJ N/A $675 weekly $fill in the blank 1 $fill in the blank 2 Starr, P. MFJ N/A 1,929 weekly fill in the blank 3 fill in the blank 4 McNeil, S. S N/A 1,775 biweekly fill in the blank 5 fill in the blank 6 Harrison, W. HH N/A 2,580 semimonthly fill in the blank 7 fill in the blank 8 Smythe, M. HH N/A 5,380 monthly fill in the blank 9 fill in the blank 10Which salary arrangement is better for the employee if the interest rate is 4%? Year 0 1 2 3 Salary Arrangement A $0 $89000 $89000 $89000 Salary Arrangement B $50000 $70000 $70000 $70000 a. Salary Arrangement B b. Salary Arrangement A*Today's Assignment* Design a salary slip for the month of December 2021 with information given below. Fixed vs variable ratio- 70:30Ctc - 18LBasic- 50%Hra- 20%Da - 12%Travel allowance- 2000Insurance - 2500Incentive- 75% target completionPf 12%Earned leaves - 2LOP - 4 Prepare the assignment in Ms excel/ Ms Word. And submit on whatsApp. Before 4 pm tomorrow. Regards