The end of the first bi-weekly pay period of the year

Reference no: EM13483054

The end of the first bi-weekly pay period of the year, Rockin Company's payroll register showed that its employees earned $14,000 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $2,600 of federal income taxes, $309 of medical insurance deductions, and $120 of union dues. No employee earned more than $7,000 in this first period. Prepare the journal entry to record Rockin Company's January 14 payroll expenses and liabilities.

Reference no: EM13483054

Questions Cloud

Brothers manufacturing applies overhead to production at a : brothers manufacturing applies overhead to production at a predetermined rate of 90 based on direct labor cost.job no.

Barrington bears bb has developed the following sales : barrington bears bb has developed the following sales forecasts for the next few months january 500 february 600 march

Selling and administrative expenses consist of 350000 in : variable costing income statement and conversion to absorption costing income l.o. p2 p4 torres company began

The company manufactures tennis rackets tennis balls tennis : love all is a fairly large manufacturing company located in the southern united states. the company manufactures tennis

The end of the first bi-weekly pay period of the year : the end of the first bi-weekly pay period of the year rockin companys payroll register showed that its employees earned

Preferred stock dividend 0 average shares outstanding 333 : the following information in millions of dollars is available for limited brands for 2008 sales revenue 9043 net income

Stonehenge inc a manufacturer of landscaping blocks began : stonehenge inc. a manufacturer of landscaping blocks began operations on april 1 of the current year. during this time

Total dividend declared preferred arrearage : 200000 shares of no-par common stock. 10000 shares of 100 par 8 percent cumulative preferred stock.varsity declared a

Determine the amounts that will be reported on the december : identify how each security should be accounted for trading available-for-sale held-to-maturity or equity method. at

User Account

All Pages