Xinia Poehler works for MRK all year and earns a

Xinia Poehler works for MRK all year and earns a monthly salary of $ 12,000. There is no overtime pay. MRK withholds income taxes at 15% of gross pay. In addition to payroll taxes, Xinia elects to contribute 5% monthly to United Way. MRK also deducts $ 150 monthly for co-payment of the health insurance premium. As of September 30, Xinia had $ 108,000 of cumulative earnings.


Requirements

1. Compute Xinia’s net pay for October.

2. Journalize the accrual of salaries expense and the payments related to the ­employment of Xinia Poehler.


Members

  • Access to 2 Million+ Textbook solutions
  • Ask any question from 24/7 available
    Tutors
$9.99
VIEW SOLUTION

OR

Non-Members

Get help from Accounting Tutors
Ask questions directly from Qualified Online Accounting Tutors .
Best for online homework assistance.