Susan brauns regular hourly wage rate is 16 and she

Assignment Help Accounting Basics

Reference no: EM13567355

Susan Brauns regular hourly wage rate is $16, and she receives an hourly rate of $24 for work in excess of 40 hours. During a January pay period, Susan works 47 hours. Susans federal income tax withholding is $95, and she has no voluntary deductions. Assume that the FICA tax rate is 7.65%. Prepare the employers journal entries to record (a) Susans pay for the period and (b) the payment of Susans 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.)

No.	Date	Account Titles and Explanation	Debit	Credit
(a)	Jan. 15



(b)	Jan. 15

Reference no: EM13567355

Questions Cloud

The professor will talk about the brain engineering and the : hello therei have the following 3 topics i need you to write half a page up to a page maximum on each topic total of 2

An 8-year corporate bind has a yield of 83 which includes a : the real risk-free rate r 2.5. inflation is expected to average 2.8 a year for the next 4 years after which time

Compnay has capitla budget of 1000000 wants to keep target : compnay has capitla budget of 1000000. wants to keep target captial structure of 60 debt and 40 equity. forecast net

A pawn shop will lend you 100 for 10 days at a cost of 5 : a pawn shop will lend you 100 for 10 days at a cost of 5 interest. what is the effective rate of

Susan brauns regular hourly wage rate is 16 and she : susan brauns regular hourly wage rate is 16 and she receives an hourly rate of 24 for work in excess of 40 hours.

The annual return on the stock market during the past 3 : linke motors has a beta of 1.30 the t-bill rate is 3.00 and the t-bond rate is 6.5. the annual return on the stock

The current price of a stock is 50 the annual risk-free : the current price of a stock is 50 the annual risk-free rate is 6 and a 1-year call option with a strike price of 55

If the appropriate required rate of return for adms stock : the current price of adms stock po is 20 and the company is expected to pay a 2.20 dividend next year. if the

Boise corp had a margin of safety of 394000 last month with : boise corp had a margin of safety of 394000 last month with sales revenue of 1120000 and fixed costs of 333960.a.what

User Account

All Pages