s Home .mheducation.com/ext/map/index.html?_con=con&external_browser=0&la... ( # Saved Help Save & Exit Submit Check my work rate is 5.4% of the first $7,000 paid to each employee. The federal unemployment tax rate is 0 places.) View transaction list du Journal entry worksheet leg years cation. rectory Record the employer's payroll expenses and liabilities for the first weekly pay page m period of the year. L.edu Note: Enter debits before credits. llege C Date General Journal Debit Credit Chicago is January 08 I media art ncial Aid . ge on 5/15/2 Colleg Record entry Clear entry View general journal 90 College-Crys aw O itv C G Search or type URL +\f+ DZI Homepage - AC( X Question 8 - Ho: X Students Home X M Inbox (737) - sro x ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&la... ( x Saved Help Save & Exit Subm ework 2 i Check my work Required information Problem 11-5A (Algo) Computing and analyzing times interest earned LO A1 Part 2 of 3 [The following information applies to the questions displayed below.] Shown here are condensed income statements for two different 2.72 companies (assume no income taxes). points Miller Company Sales $ 1, 300, 000 02:52:12 Variable expenses (808) 1 , 040, 000 Income before interest 260, 000 Interest expense (fixed) 70 , 000 eBook Net income $ 190, 000 Print Weaver Company Sales $ 1,300, 000 References Variable expenses (608) 780, 000 Income before interest 520, 000 Interest expense (fixed) 330, 000 Net income $ 190, 000 Problem 11-5A (Algo) Part 2 2. What happens to each company's net income if sales increase by 50%? (Round your answers to nearest whole percent.) esc C G Search or type URLzto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&la... ( * 19 i Saved Help Save & Exit Submit Check my work Net income $ 190, 000 Weaver Company Sales $ 1, 300, 000 Variable expenses (608) 780, 000 Income before interest 520, 000 Interest expense (fixed) 330, 000 Net income $ 190, 000 ye cat Problem 11-5A (Algo) Part 1 rect 2:18 pag Required: 1. Compute times interest earned for Miller Company and for Weaver Company. ok .edu Int Times interest earned for Miller Company and Weaver Company. llege rences Choose Numerator: | Choose Denominator: = Times interest earned Chicag Current liabilities Accounts receivable, net = Times interest earned I media cial Ai ge on 5/ Coll 90 College-C Mc Hill Prey 7 8 9 of 11 Next > O itv C G Search or type URL + @ # $ % 8M Inbox (737) - sro x D21 Homepage - AC udents Home x ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&la... * 09 Saved Help Save & Exit Submit 2 i Check my work callleu LU HI [The following information applies to the questions displayed below.] Shown here are condensed income statements for two different companies (assume no income taxes). of 3 Miller Company Sales $ 1, 300, 000 Variable expenses (808) 1, 040, 000 Income before interest 260, 000 Interest expense (fixed) 70 , 000 Net income $ 190, 000 02:51:50 Weaver Company Sales $ 1, 300, 000 Variable expenses (608) 780 , 000 eBook Income before interest 520, 000 L.e Interest expense (fixed) 330, 000 Print Net income $ 190 , 000 lle References Chic 1 me Problem 11-5A (Algo) Part 2 ncial ge on 2. What happens to each company's net income if sales increase by 50%? (Round your answers to nearest whole percent.) C Company Net income Miller Company Increases by Weaver Company -+ Increases by 90 Colle Graw Hill itv esc C G Search or type URL @ # $ % &ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&la... ) # 2 i Saved Help Save & Exit Check my January 8 payroll. Regis's state unemployment tax rate is 5.4% of the first $7,000 paid each employee. The federal unemployment tax rate is 0.6%. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2 55:46 Calculate below the amounts for each of these four taxes of Regis Company. Regis's state u ped the first $7,000 paid to each employee. The federal unemployment tax rate is 0.6%. (Round places.) Book Regis Company's: Print Tax January 8 Earnings Subject to Tax Tax Rate Tax Amount ferences FICA-Social Security FICA-Medicare FUTA SUTA RAq 1A Req 1B > Mc Graw tvzto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&la... * i Saved Help Save & Exit Submit Check my work Required information Problem 11-5A (Algo) Computing and analyzing times interest earned LO A1 [The following information applies to the questions displayed below.] Shown here are condensed income statements for two different companies (assume no income taxes). :52:23 Miller Company Sales $ 1, 300, 000 Variable expenses (808) 1, 040, 000 Book Income before interest 260 , 000 Interest expense (fixed) 70 , 000 Print Net income $ 190, 000 eferences Weaver Company Sales $ 1, 300 , 000 Variable expenses (608) 80, 000 Income before interest 520 , 000 Interest expense (fixed) 330 , 000 Net income $ 190 , 000 Problem 11-5A (Algo) Part 1 Required: Co Mc Grav Hill O "tv esc K C G Search or type URLstudents Home X M Inbox (737) - sro x D21 Homepage - AC( X Question 6 - Ho X ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&la... & # 2 i Saved Help Save & Exit S Check my wo Problem 11-2A (Algo) Entries for payroll transactions LO P2, P3 On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned $25,760 of office salaries and $70,840 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $12,960 of federal income taxes, $1,380 of medical insurance deductions, and $940 of union dues. No employee earned more than $7,000 in 55:5 this first period. bed Required: 1-a. Calculate below the amounts for each of these four taxes of Regis Company. Regis's state unemployment tax rate is 5.4% of the first $7,000 paid to each employee. The federal ook unemployment tax rate is 0.6%. 1-b. Prepare the journal entry to record Regis Company's January 8 employee payroll Print expenses and liabilities. erences 2. Prepare the journal entry to record Regis's employer payroll taxes resulting from the January 8 payroll. Regis's state unemployment tax rate is 5.4% of the first $7,000 paid to each employee. The federal unemployment tax rate is 0.6%. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2 Calculate below the amounts for each of these four taxes of Regis Company. Regis's state unem the first $7,000 paid to each employee. The federal unemployment tax rate is 0.6%. (Round yo places.) Mc Hill tvFile Edit View History rome 121 Homepage - AC X 3 Question 9 - Ho X + Students Home X Mi Inbox (737) - sro x 0 C A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&la... & # Saved Help Save & Exit Submi Homework 2 i Check my work 9 callleu LU AI [The following information applies to the questions displayed below.] Shown here are condensed income statements for two different companies (assume no income taxes). Part 3 of 3 Miller Company Sales $ 1, 300, 000 Variable expenses (80%) 1, 040, 000 2.72 Income before interest 260, 000 points Interest expense (fixed) 70 , 000 Net income $ 190, 000 02:51:59 Weaver Company Sales $ 1, 300, 000 Variable expenses (608) 780, 000 eBook Income before interest 520, 000 Print Interest expense (fixed) 330 , 000 Net income $ 190, 000 References Problem 11-5A (Algo) Part 3 3. What happens to each company's net income if sales increase by 60%? (Round your answers to nearest whole percent.) Company Net income Miller Company Increases by % Weaver Company Increases by % Mc O esc C G Search or type URL @ #ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&la... _ * 19 rk 2 i Saved Help Save & Exit Submit Check my work Req 1A Req 1B Req 2 Prepare the journal entry to record Regis Company's January 8 employee payroll expenses and decimal places.) View transaction list 2:55:39 ye Journal entry worksheet cat pped rec page Book Record the employee payroll expenses and liabilities for the first weekly pay Prin period of the year. .edu eferences llege Note: Enter debits before credits. Chica d medi Date General Journal Debit Credit ncial Ai January 08 ge on 5/ Coll 90 College-C Mc Graw Hill O "tv C C G Search or type URL + @ # $ % & 2