Brandon, the Manager, who earns a salary of $52,000 per year or$1,000 per week,Clarissa, the Sales Coordinator, who is paid $20 per hour, andDavid, the Shipper, who is paid $.20 per package shipped.Alan pays his employees every week and, this past week, Brandonworked all five scheduled days, Clarissa worked fifty (50) hours, andDavid shipped 4,500 packages. Record/journalize the employees'payroll entry (pay attention to what's asked for) by function(Management Salary Expense, Sales Wage Expense, & ShippingWage Expense) now for the paychecks that will be issued thiscoming Friday, which will be the first time the employees are paid thiscalendar year.All the employees want 20% of their earnings withheld for FederalIncome Tax purposes.The tax rates are:6.2%FICA Social SecurityState Unemployment5.4%Medicare1.45%Federal Unemployment 0.6%Book the taxes you withhold as one entry for all three employees, notseparate entries for each employee.

Salary expenses are as follows Brandon as a manager get the salary from the company $1000 per week…

Clarissa, the Sales Coordinator, who is David, the Shipper, who is paid $.20 pe Alan pays his employees every week ar worked all five scheduled days, Clariss= David shipped 4,500 packages. Recore payroll entry (pay attention to what's as Management Salary Expense, Sales V Nage Expense) now for the paychecks coming Friday, which will be the first tim calendar year. All the employees want 20% of their ea

Clarissa, the Sales Coordinator, who is David, the Shipper, who is paid $.20 pe Alan pays his employees every week ar worked all five scheduled days, Clariss= David shipped 4,500 packages. Recore payroll entry (pay attention to what's as Management Salary Expense, Sales V Nage Expense) now for the paychecks coming Friday, which will be the first tim calendar year. All the employees want 20% of their ea

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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