The records of Regence Systems, Inc., show the following figures: Employee Earnings Regular earnings ................................................................... $ (a)
Question:
The records of Regence Systems, Inc., show the following figures:
Employee Earnings
Regular earnings ................................................................... $ (a)
Overtime pay ...................................................................... 6,200
Total employee earnings ........................................................ 85,700
Deductions and Net Pay
Withheld income tax ............................................................ $10,600
FICA tax ............................................................................... (b)
Charitable contributions ............................................................. (c)
Medical insurance .................................................................. 1,783
Total deductions .................................................................. 20,574
Net pay ............................................................................. 65,126
Account Debited
Salary Expense ..................................................................... $ (d)
Requirement
Determine the missing amounts on lines (a) through (d). Round amounts to even dollars?
Step by Step Answer:
The records of Regence System a Total employee earnings 85700 Less Overtime ...View the full answer
