For the week ended September 7, the totals of the payroll register for Benton, Inc., are presented below. The regular and overtime earnings are correct. List six errors that exist. None of the employees have earned more than $113,700, so all earnings are subject to Social Security and Medicare taxes. Assume that amounts for taxable earnings (unemployment, social security, medicare) and deductions (federal income tax, union dues, charity) are correct. Round amounts to the nearest penny.

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College Accounting (Book Only): A ...

12th Edition
Cathy J. Scott
Publisher: Cengage Learning
ISBN: 9781305084087
BuyFind

College Accounting (Book Only): A ...

12th Edition
Cathy J. Scott
Publisher: Cengage Learning
ISBN: 9781305084087

Solutions

Chapter
Section
Chapter 7, Problem 4E
Textbook Problem

For the week ended September 7, the totals of the payroll register for Benton, Inc., are presented below. The regular and overtime earnings are correct. List six errors that exist. None of the employees have earned more than $113,700, so all earnings are subject to Social Security and Medicare taxes. Assume that amounts for taxable earnings (unemployment, social security, medicare) and deductions (federal income tax, union dues, charity) are correct. Round amounts to the nearest penny.

Chapter 7, Problem 4E, For the week ended September 7, the totals of the payroll register for Benton, Inc., are presented

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