A partial summary of the payroll data for Victoria Manufacturing Co. for each week of June is

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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 $100,000 FICA maximum.
b. For each payroll period, prepare journal entries to
(1) Record the payroll and
(2) Record the payments toemployees.

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Principles of Cost Accounting

ISBN: 978-1133187868

16th edition

Authors: Edward J. Vanderbeck

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Question Posted: May 05, 2014 10:23 AM

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A partial summary of the payroll data for Victoria Manufacturing Co. for each week of June is

Question:

June 7 June 14 June 21 June 28 Gross earnings ...w.... Deductions 36,500 34,200 $37300 38 400 S? S? S? S7 Tax-shelte red annuity. .. … Income tax... 1,825 4,215 1,780 4,120 600600 1,855 4,320 60000 1,870 4,410 600 600 S ? S ?

Step by Step Answer:

a June 7 June 14 June 21 June 28 FICA tax 2920 2736 2984 3072 Total deductions 9560 9236 9759 9952 ...View the full answer

Principles of Cost Accounting

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