User Account

All Pages

Prepare the journal entry to record giltz wages

Assignment Help Accounting Basics
Reference no: EM13825011

Question

Paula Giltz earns an hourly wage of $18 with time-and-a-half pay for hours worked over 40 per week. During the most recent week, she worked 46 hours, her federal tax withholding totaled $93, her state tax withholding totaled $27, and $5 was withheld for union dues. Assuming a 6.2 percent social security tax rate and a 1.45 percent Medicare tax rate, prepare the journal entry to record Giltz's wages and related liabilities. Round to the nearest penny.

Additional information-

This problem belongs to Accounting and prepares the journal entry to record Giltz's wages and related liabilities.

Reference no: EM13825011

Questions Cloud

Major criticism of utilitarianism ethical theory : Under which ethical system would it be ethical to compel a few citizens to undergo painful or fatal medical tests in order to develop cures for the rest of the world?
Prepare journal entries for the following transactions : Prepare journal entries for the following transactions involving notes payable for Homer Company, whose fiscal year ends June 30. Omit explanations
Immanuel kant approach on ethical decision : If a Middle Eastern culture and an East Asian culture differ as to the morality of a particular action, under ethical relativism:
Distinct and independent branches of the us government : 1. Which of the following is correct regarding the decisions of state trial courts?
Prepare the journal entry to record giltz wages : Assuming a 6.2 percent social security tax rate and a 1.45 percent Medicare tax rate, prepare the journal entry to record Giltz's wages and related liabilities. Round to the nearest penny
Calculate the accounting rate of return : The building and machinery will cost $800,000 and be depreciated over 10 years using the straight-line method with no salvage value at the end of the equipment-life.
A warm front is approaching from the south : If a warm front is approaching from the south, has a slope of 1:300 and is moving toward you at an average warm-front speed of about 4.9 km/hour, how long will it take before it passes your area?
Independent branches of us government : Which of the following is correct regarding the decisions of state trial courts?
Why has there been a trend within supply chain logistics : Why has there been a trend within supply chain logistics managemen

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine the target wacc

We can determine the target WACC for Apix Printing Inc., given these assumptions," she says as she hands you a piece of paper that says the following:

  Determine the amount of the impairment loss enter your

impairment goodwill lo11-8 in 2011 alliant corporation acquired centerpoint inc. for 403 million of which 63 million

  Explain the differences between revenue expenditures

Explain the differences between revenue expenditures and capital expenditures during a useful life and identifying any similarities.

  Determining effective annual interest rate of loan

You aare considering buying a new $25,000 car. The car dealer offers you a 13.6% loan with 30 equal monthly payments. Upon the questioning the dealer, you find that this unusual loan has "add-on" interest-What is the approximate effective annual in..

  Leveraging power from batna

Assuming your Best Alternative to a Negotiating Agreement (BATNA) is letting a court sell the property, discuss how it may help you reach an agreement. Recommend other strategies that you could use to accomplish a successful negotiation.

  Wyco company manufactures toasters for the first 8 months

wyco company manufactures toasters.for the first 8 months of 2012the company reported the following operating results

  Information about gaap

What are Generally Accepted Accounting Principles (GAAP)? How does GAAP affect financial reporting? How does GAAP need to change to accommodate today's dynamic business environment?

  Deer corporation was acquired last year by lobo corporation

deer corporation was acquired last year by lobo corporation in a transaction causing an ownership change. at the time

  If the sales manager receives a bonus of 15 cents for each

if the sales manager receives a bonus of 15 cents for each unit sold in excess of the break-even point how many units

  What is the difference between an ordinary capital and

what is the difference between an ordinary capital and section 1231 asset? why is this distinction important? what

  Consider the various departments of a college which

consider the various departments of a college. which departments might use job-order costing and which might use

  Prepare journal entries to record the benefit of loss

Prepare journal entries to record the benefit of loss carry back and loss carry forward oprion. Prepare entries necessay at end of 2014 assuming not ll carry forward will be realized in future.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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