Business, 24.03.2021 22:00 icantspeakengles
Oliver Cat Emporium had the following information for their payroll for the week ended March 23: earned wages and salaries of $45,000. All of that week's pay is subject to FICA social security taxes of 6.2% on the first $128,400 of earnings each calendar year and Medicare taxes of 1.45% on all earnings. In addition, the company withholds the following amounts for this weekly pay period: $2,200 for medical insurance, $6,500 for federal income taxes, and $675 for pet insurance.
a. Prepare the general journal entry to accrue the payroll.
b. The company is subject to state unemployment taxes at the rate of 3.4% and federal unemployment taxes at the rate of 0.6%. Prepare the general journal entry to accrue the employer's payroll tax expense. (Round your calculations to the nearest dollar).
Answers: 2
Business, 22.06.2019 11:50, tre9990
The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november. materials conversion costs total equivalent units
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Business, 22.06.2019 14:30, lilquanreem8051
Bridge building company estimates that it will incur $1,200,000 in overhead costs for the year. additionally, the company estimates 50,000 direct labor hours will be spent building custom walking bridges for the year at a total direct labor cost of $600,000. what is the predetermined overhead rate for bridge building company if direct labor costs are to be used as an allocation base?
Answers: 3
Oliver Cat Emporium had the following information for their payroll for the week ended March 23: ear...
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