The following payroll summary is prepared for the Sotherm Manufacturing Company for the week ending March...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The following payroll summary is prepared for the Sotherm Manufacturing Company for the week ending March 29: Direct labor: Job No. 200 $10,300 Job No. 201 7,000 Job No. 202 Total direct labor 6,500 $23,800 Indirect labor 6,200 Total gross payroll $30,000 Payroll taxes and insurance are to be computed as follows: Employee's Share Employer's Share Federal income tax withhcld $4,300 State unemployment tax Federal unemployment tax FICA tax 5.0% 1.08 8.0% 8.08 Disability insurance Workmen's compensation insurance 5% .25% 2.0% Prepare the general journal entries to: Record the payroll. b. Pay the payroll. Distribute the payroll to the appropriate accounts. Record the employer's share of payroll tax expense. (All of the employees work in a. с. d. the factory.) The following payroll summary is prepared for the Sotherm Manufacturing Company for the week ending March 29: Direct labor: Job No. 200 $10,300 Job No. 201 7,000 Job No. 202 Total direct labor 6,500 $23,800 Indirect labor 6,200 Total gross payroll $30,000 Payroll taxes and insurance are to be computed as follows: Employee's Share Employer's Share Federal income tax withhcld $4,300 State unemployment tax Federal unemployment tax FICA tax 5.0% 1.08 8.0% 8.08 Disability insurance Workmen's compensation insurance 5% .25% 2.0% Prepare the general journal entries to: Record the payroll. b. Pay the payroll. Distribute the payroll to the appropriate accounts. Record the employer's share of payroll tax expense. (All of the employees work in a. с. d. the factory.)
Expert Answer:
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Prepare the general journal entries to record the following transactions of the Quinones County General Fund: 1. Quinones County borrowed $1,000,000 by issuing six-month tax anticipation notes...
-
Prepare the general journal entries required for the following transactions of the Farmer County General Fund during 20X6. Also, use transaction analysis to show any effects on the GCA-GLTL accounts....
-
a. Prepare the general journal entries to record the following transactions in the General Fund General Ledger of Alderman City: 1. Purchased investments in bonds at January 1, 20X6, for $350,000. 2....
-
To some U.S. manufacturers and labor unions, a cheap yuan value gives China's advantage in the global economy. bankers exports importers subsidies an unfair
-
In problem 3.8, you computed mean and median income for 13 Canadian provinces and territories in two separate years. Now compute the standard deviation and range for each year, and taking account of...
-
Joshua had contracted to paint the Madisons' kitchen. He then became ill and could not start the job on the contracted date. He asked the Madisons if they would accept the services of another...
-
Users of financial statements often describe depreciation expense, depletion expense, and amortization expense as sources of operating cash flows. Discuss the accuracy of this assertion.
-
Dave Fletcher, the general manager of North Carolina Engineering Corporation ( NCEC), thinks that his firms engineering services contracted to highway construction firms are directly related to the...
-
a . One of RRG ' s conclusions is that the retail auto parts industry as a whole is in the maturity stage of the industry life cycle. Discuss three relevant items of data from Table 1 2 . 7 that...
-
Match correct purposes, contents, and users regarding SOC reports. Purposes/Contents/Users a. Easy to read by the general public in a summary format on security, availability, processing integrity,...
-
Use the following data sets to ANSWER the questions: DataA: 2,2,4,5,8,9,10,11,11,11 DataB: 1,2,3,4,4,5,5,5,6,6,8,9 For each of the datasets, answer the questions below and try to show the work as...
-
Perform a Multi-Atribute Decision analysis using the following utility table and k values. Which combination of Overrun Time and Extra Cost is the best choice? Time Overrun Utility Cost Utility 0 1...
-
Draw the Voltage Transfer Characteristic (VTC) curve of a CMOS inverter and graphically on the curve clearly identify and indicate VIL, VIH, VM, VOL and VOH. 2. Design a circuit for a static CMOS...
-
Disney, McDonalds, Burger King, Procter & Gamble, Johnson & Johnson, Microsoft what do they all have in common? They all started during a recession or depression. The message, delivered to around 40...
-
1. The physician's order reads: 1 L of 5DW to infuse over 10 hours How many mL/ h will the IV need to run at in order to deliver the solution as ordered?
-
f(x) = sin(4x) 9x 2/15 -0.25 sin(4x) Evaluate lim x0 9x 0.4 0.35 0.3 0.25 0.25 Enter at least 3 decimal places in your answer. Add Work
-
Prepare an amortization schedule for a three-year loan of $63,000. The interest rate is 10 percent per year, and the loan agreement calls for a principal reduction of $21,000 every year. How much...
-
Representative data read from a plot that appeared in the paper Effect of Cattle Treading on Erosion from Hill Pasture: Modeling Concepts and Analysis of Rainfall Simulator Data (Australian Journal...
-
Marble Corporation in its first three years of operation paid out the following dividends: Year 1: $0 Year 2: $29,000 Year 3: $86,000 Given that Marble has 2,900 shares of $104 par 10.0%...
-
Record the following transactions in the general journal of White Company: 201X Feb. 5 Purchased land for $89,000. The $89,000 included attorneys fees of $5,600. 18 White Company decided to pave the...
-
From the income statement and balance sheet of Alexander Company (Figures 22.16 and 22.17), compute the following for 2013: ALEXANDER COMPANY COMPARATIVE INCOME STATEMENT FOR YEARS ENDED DECEMBER 31,...
-
As the amount of a variable input is increased, the amount of other fixed inputs being held constant, a point will ultimately be reached beyond which marginal product will decline. This point is...
-
Fixed costs are costs that _________ with the level of output.
-
Average total cost equals _________ divided by the _________ produced.
Study smarter with the SolutionInn App