A partial summary of the payroll data for Burrington Manufacturing Company for each week of June is
Question:
a. Compute the missing amounts in the summary, assuming that no employees have reached the $100,000 FICA maximum.
b. For each payroll period, prepare journal entries to
(1) Record the payroll and
(2) Record the payments toemployees.
Transcribed Image Text:
June 7 June 14 June 21 June 28 36,500 34200 37,300 38,400 Gross earnings Deductions: FICA tax, 8% Tax-sheltered annuity . . . . 1,825 Income tax 4,215 Health insurance.... S? S? 1,780 4,120 600 1,855 4,320 600 1,870 4,410 600 600 Total deductions. S7 S? Net earnings $7
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (12 reviews)
a June 7 June 14 June 21 June 28 FICA tax 2920 2736 2984 3072 Total deductions 9560 9236 9759 ...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Cost Accounting questions
-
A partial summary of the payroll data for Long Industries for each week of June is as follows: a. Compute the missing amounts in the summary, assuming that no employees have reached the $120,000 FICA...
-
A partial summary of the payroll data for Victoria Manufacturing Co. for each week of June is as follows: a. Compute the missing amounts in the summary, assuming that no employees have reached the...
-
Compute the missing amounts in the following table: AssetsLiabilities Owners' Equity a. $635,000 $342,000 b. ? c. 307,500 02500 610,000 2 187,200
-
In February, a new company incurred the following total costs for the production of 10,000 units during its first month of operations: Variable Fixed $500,000 $350,000 Manufacturing Overhead $250,000...
-
Two independent situations follow. 1. On January 1, 2017, Spartan Inc. bought land that had an assessed value of $390,000 at the time of purchase. A $600,000, non-interest-bearing note due on January...
-
When interviewed about his new business venture, a local entrepreneur told a reporter I ll provide every benefit Im required to by law, and the minimum amount of health insurance I can buy to stay...
-
Describe why healthcare decisions can change as circumstances change.
-
Ethylene glycol flows at 0.0 I kg/s through a 3-mm-diameter, thin-walled tube. The tube is coiled and sub-merged in a well-stirred water bath maintained at 25C. If the fluid enters the tube at 85C,...
-
Consider an agent with the following utility function: U = E(rp) 0.005A Consider that this agent wants to create an efficient portfolio and that her coefficient of risk aversion is 25. Compute the...
-
Richard chooses technique 0 and 2 requiring 10+10-20 efforts and provising 10+11=21 benefits. Hence, 21 is returned as the output Example 2: input1: 3 input2: (10,10,10,10) input3: (10,11,12,15)...
-
Albert Machine Tool Company produces tools on a job order basis. During May, two jobs were completed, and the following costs were incurred: Other factory costs for the month totaled $16,800. Factory...
-
Fontana Fabricating Company paid wages to its employees during the year as follows: Burris . . . . . . . . . . . . . . . . . . . . . . . . $ 15,400 Combs . . . . . . . . . . . . . . . . . . . . . . ....
-
Express the inequality in interval notation. x > - -3
-
A site is shown in Figure 3.53. R1 and R2 are routers; R2 connects to the outside world. Individual LANs are Ethernets. RB is a bridge router; it routes traffic addressed to it and acts as a bridge...
-
Give the ASN.1 encoding for the following three integers. Note that ASN.1 integers, like those in XDR, are 32 bits in length. (a) 15. (b) 29,496,729. (c) 58,993,458.
-
Suppose hosts A and B have been assigned the same IP address on the same Ethernet, on which ARP is used. B starts up after A. What will happen to As existing connections? Explain how self-ARP...
-
Describe a representation for XML documents that would be more compact and more efficient to process than XML text.
-
The RPC-based NFS remote file system is sometimes considered to have slower-than-expected write performance. In NFS, a servers RPC reply to a client write request means that the data are physically...
-
How much will $5,000 invested at 3% interest be worth in 4 years if it is compounded annually? Quarterly? How much if the interest rate is 6%?
-
Determine two different Hamilton circuits in each of the following graphs. A B F G
-
In Problems 1958, summarize the pertinent information obtained by applying the graphing strategy and sketch the graph of y = f(x). f(x) = (3x) et
-
What is an audit, and how does it add to the integrity of accounting information?
-
Kelly's Tavern serves Shamrock draft beer to its customers. The daily demand for beer is normally distributed, with an average of 20 gallons and a standard deviation of 4 gallons. The lead time...
-
How has the environment shaped Leighton Holdings operations? What do you think might have been the outcome in different economic times? Why?
-
How are object-oriented technology and, specifically, Unified Modeling Language (UML) used in requirements engineering?
-
Given the Information In Figure a related to the car market, Identify the market and optimal outcomes using Figure b. Figure bis provided below. Price (per car) Market for Cars M Quantity (cars per...
-
What is the output of the following code? int total = 5; int sum=2; for (int number = 1; number > total; number++) { sum = sum + number; } System.out.println(sum);
Study smarter with the SolutionInn App