During a january pay period susan works 46 hours susans

Assignment Help Accounting Basics
Reference no: EM13590189

Susan Braun's regular hourly wage rate is $30, and she receives an hourly rate of $45 for work in excess of 40 hours. During a January pay period, Susan works 46 hours. Susan's federal income tax withholding is $99, and she has no voluntary deductions. Assume that the FICA tax rate is 7.65%.

Prepare the employer's journal entries to record (a) Susan's pay for the period and (b) the payment of Susan's wages. Use January 15 for the end of the pay period and the payment date. (Round answers to 2 decimal places, e.g. 15.25. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Reference no: EM13590189

Questions Cloud

You are given a spreadsheet with daily sales numbers : you are given a spreadsheet with daily sales numbers ordered by date from january 1st to december 31st. you have been
Calculate the dividends per share on each class of stock : wallace inc. a developer of radiology equipment has stock outstanding as follows 30000 shares of cumulative preferred 2
Horizontal and vertical analysis of the income statements : complete the following for the communications company centurylink in an excel spreadsheet1. horizontal and vertical
Grunewald company manufacturers a professional grade vacuum : grunewald company manufacturers a professional grade vacuum cleaner and began operations in 2011. for 2011 grunewald
During a january pay period susan works 46 hours susans : susan brauns regular hourly wage rate is 30 and she receives an hourly rate of 45 for work in excess of 40 hours.
The values of the resistance capacitive reactance and : question the ac generator in a series rcl circuit has an rms voltage of 81.3 v. the values of the resistance capacitive
The dining room at monticello thomas jeffersons home in : the dining room at monticello thomas jeffersons home in virgina is 216 inches by 222 inches. of the following which
What would you as the auditor say to the ceo regarding what : company a uses the aging of accounts receivables method to compute its allowance for bad debts. for accounts that are
Shortest side is 15 feet longer than 12 longest side : jims nephew owns a triangled plot of land. the perimeter fence that surrounds the land measures 121 feet. shortest

Reviews

Write a Review

Accounting Basics Questions & Answers

  Journal entry to record the dividend

Prepare the journal entry to record the dividend. By December 31, Washington Posts fiscal year-end, the market value of INews shares has dropped from $60 to $58 per share. How much has Washington Posts portfolio value changed?

  Charitable contribution deduction concepts

Prior to a charitable gift to the Plato University of land with a basis of $6,000 and a value of $13,000, All-Set, Inc. had taxable income of $50,000. If the dividends-received deduction was $80,000, the charitable contribution deduction is:

  Assume the role of an internal auditor

Assume the role of an internal auditor who has been asked to identify a minimum of threehigh quality propositions that management can implement to establish a tone at the top that conveys a commitment to integrity and ethical values.

  Grace manufacturing company needs to know its anticipated

1. which of the following is an example of an activity cost driver? a designing components of a product so they can fit

  Relational database software can be used very effectively

relational database software can be used very effectively in detecting fraud in the account- ing information system.

  Determine the amount of overhead allocated to the wool

american fabrics has budgeted overhead costs of 997920. it has allocated overhead on a plantwide basis to its two

  Determine the inventory balance

It is the end of the accounting period, and your boss asks you to help determine the inventory balance to place in the company's balance sheet. Explain which physical quantities of inventory that you will include, and which you will exclude.

  Determining nominal output problem

Suppose that nominal output rises from $12.5 trillion in 2005 to $13 trillion in 2006. Assume also that the GDP deflator rises from 100 to 105.

  Gift shop ubit a local exempt organization that trains

gift shop ubit. a local exempt organization that trains at-risk youth for employment has an annual operating budget of

  Determine the present value of the lease payments

Determine the present value of the lease payments

  What criteria are used to determine which of dianes costs

1. a what criteria are used to determine which of dianes costs are inventoriable? b are dianes administrative costs

  Using the information below calculate gross profit for the

using the information below calculate gross profit for the period. beginning direct materials 25100 ending direct

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd