6-13A.LO2 In oregon, employers who are covered by the state workers' compensation law withhold employee contributions from the wages of covered employees for the worker's benefit fund at the rate of 1.4cents for each hour or part of an hour that the worker is employed.Evry covered employee is also assessed 1.4 cents per hour for each worker employed for each hour or part of an hour. The employer-employee contribution for workers' conpensation are collected monthly,quarterly,annually by the employer's insurance carrier,according to a schedule agreed upon by the employer and the carrier. The insurance carrier remits the contribution to the state's worker's compensation department. Cortez Company,a covered employer in Oregon, turns over the employer -employee workers' compensation contributions to its insurance carrier by the 15th of each month for the preceding month.During the month of July,the number of full-time employee-hours worked by the company's employees was 8,270;the number of part-time employee hours was 1,950. a.The amount the company should have withheld from its full and part time employees during the month of July for workers' compensation is...-----------. b.The title you would give to the general ledger liability account to which the amount withhled from the employee' earnings would be credited is.------------------- c.Journalize the entry on July 31 record the employer's liability for workers' compensation insurance for the month.
6-13A.LO2
In oregon, employers who are covered by the state workers' compensation law withhold employee contributions from the wages of covered employees for the worker's benefit fund at the rate of 1.4cents for each hour or part of an hour that the worker is employed.Evry covered employee is also assessed 1.4 cents per hour for each worker employed for each hour or part of an hour. The employer-employee contribution for workers' conpensation are collected monthly,quarterly,annually by the employer's insurance carrier,according to a schedule agreed upon by the employer and the carrier. The insurance carrier remits the contribution to the state's worker's compensation department.
Cortez Company,a covered employer in Oregon, turns over the employer -employee workers' compensation contributions to its insurance carrier by the 15th of each month for the preceding month.During the month of July,the number of full-time employee-hours worked by the company's employees was 8,270;the number of part-time employee hours was 1,950.
a.The amount the company should have withheld from its full and part time employees during the month of July for workers' compensation is...-----------.
b.The title you would give to the general ledger liability account to which the amount withhled from the employee' earnings would be credited is.-------------------
c.Journalize the entry on July 31 record the employer's liability for workers' compensation insurance for the month.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
