subject
Business, 23.11.2020 03:50 devikapal101

The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $640,000: Office salaries, $128,000; Federal income taxes withheld, $192,000; State Income taxes withheld, $43,000; Social security taxes withheld $47,616; Medicare taxes
withheld, $11,136; Medical insurance premiums, $15,500; Life insurance premiums, $12,500; Union dues deducted, $9,500; and
Salaries subject to unemployment taxes, $67,000. The employee pays 40% of medical and life insurance premiums. Assume that FICA
taxes are identical to those on employees and that SUTA taxes are 5.4% and FUTA taxes are 0.6%.
1&2. Using the above information, complete the below table and prepare the journal entries to record accrued payroll and cash
payment of the net payroll for July.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 05:00
What is a sort of auction for stocks in which traders verbally submit their offers?
Answers: 3
question
Business, 22.06.2019 09:00
Asap describe three different expenses associated with restaurants. choose one of these expenses, and discuss how a manager could handle this expense.
Answers: 1
question
Business, 22.06.2019 17:00
Jillian wants to plan her finances because she wants to create and maintain her tax and credit history. she also wants to chart out all of her financial transactions for the past federal fiscal year. what duration should jillian consider to calculate her finances? from (march or january )to (december or april)?
Answers: 1
question
Business, 22.06.2019 18:00
*will mark brainliest! * when a company spends resources (labor, money) to give customers "free" items, those costs are called a. investment costs b. economic costs c. scarcity costs d. opportunity costs answer asap!
Answers: 1
You know the right answer?
The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $640,000: Offi...
Questions
question
English, 12.02.2021 04:30
question
Chemistry, 12.02.2021 04:30
question
Business, 12.02.2021 04:30
question
English, 12.02.2021 04:30
Questions on the website: 13722367