In the following summary of data for a payroll period, some amounts have been intentionally omitted: Earnings:
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………………. $ 60,000
3. Total earnings………………… ?
Deductions:
4. FICA tax…………………….. 29,200
5. Income tax withheld………… 99,600
6. Medical insurance…………… 14,000
7. Union dues…………………... ?
8. Total deductions…………….. 147,800
9. Net amount paid…………….. 252,200
Accounts increased:
10. Factory Wages…………….. 210,000
11. Sales Salaries……………… ?
12. Office Salaries…………….. 80,000
Calculate the amounts omitted in lines (1), (3), (7), and (11).
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