In the following summary of data for a payroll period, some amounts have been intentionally omitted. Calculate the amounts omitted below. Enter all your answers as positive amounts. Earnings: 1. At regular rate $fill in the blank 1 2. At overtime rate 81,600 3. Total earnings $fill in the blank 2 Deductions: 4. FICA tax $32,700 5. Income tax withheld 138,700 6. Medical insurance 18,800 7. Union dues fill in the blank 3 8. Total deductions $202,000 9. Net amount paid $343,000 Accounts debited: 10. Wages $288,900 11. Sales Salaries $fill in the blank 4 12. Office Salaries $109,000
In the following summary of data for a payroll period, some amounts have been intentionally omitted. Calculate the amounts omitted below. Enter all your answers as positive amounts. Earnings: 1. At regular rate $fill in the blank 1 2. At overtime rate 81,600 3. Total earnings $fill in the blank 2 Deductions: 4. FICA tax $32,700 5. Income tax withheld 138,700 6. Medical insurance 18,800 7. Union dues fill in the blank 3 8. Total deductions $202,000 9. Net amount paid $343,000 Accounts debited: 10. Wages $288,900 11. Sales Salaries $fill in the blank 4 12. Office Salaries $109,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
In the following summary of data for a payroll period, some amounts have been intentionally omitted. Calculate the amounts omitted below. Enter all your answers as positive amounts.
| Earnings: | ||
| 1. At regular rate | $fill in the blank 1 | |
| 2. At overtime rate | 81,600 | |
| 3. Total earnings | $fill in the blank 2 | |
| Deductions: | ||
| 4. FICA tax | $32,700 | |
| 5. Income tax withheld | 138,700 | |
| 6. Medical insurance | 18,800 | |
| 7. Union dues | fill in the blank 3 | |
| 8. Total deductions | $202,000 | |
| 9. Net amount paid | $343,000 | |
| Accounts debited: | ||
| 10. Wages | $288,900 | |
| 11. Sales Salaries | $fill in the blank 4 | |
| 12. Office Salaries | $109,000 |
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education