Michelle Jones earned ($150) per day for the 8 days in the most recent pay period ending
Question:
Michelle Jones earned \($150\) per day for the 8 days in the most recent pay period ending on February 26.
Required
1. Assume that Michelle Jones is an unmarried employee. Her wages are subject to no deductions other than FICA Social Security taxes, FICA Medicare taxes, and federal income taxes. Her federal income taxes for this pay period total \($189\). Compute her gross pay and net pay for the eight days’ work paid on February 26.
2. Record the journal entry to reflect the payroll payment to Michelle Jones as computed in part 1.Success Systems does not use a payroll bank account.
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Related Book For
College Accounting Ch 1-14
ISBN: 9780073346892
1st Edition
Authors: John Wild, Vernon Richardson, Ken Shaw
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