Question

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 .. $ 45,200
3. Total earnings ..... ?

Deductions:
4. FICA tax ...... 21,750
5. Income tax withheld . 57,900
6. Medical insurance .. 29,150
7. Union dues ....... ?
8. Total deductions .. 117,900
9. Net amount paid .. 196,500
Accounts increased:
10. Factory Wages ... 220,600
11. Sales Salaries ....... ?
12. Office Salaries ... 40,000

Calculate the amounts omitted in lines (1), (3), (7), and (11).



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  • CreatedFebruary 04, 2014
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