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Question - Kierofree Air Tours has the following payroll data for its November 5 pay date:
Date
Account Title
Account Number
Debit
Credit
November 5
Wages and salaries expense
522
$216,023.00
Federal withholding tax payable
220
$36,723.91
Social Security tax payable
221
12,419.72
Medicare tax payable
222
2,904.61
401(k) contributions payable
223
7,560.81
Health Insurance payable
224
15,704.87
Union Dues payable
227
5,400.58
Wages and salaries payable
226
?
Required - How much is the net pay?
You are planning a $100 per ticket dinner-dance fundraiser for your favorite charity at a local hotel. What is your contribution margin per ticket
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