Round your answer to nearest Dollar. Question: 6 MarksMoon Valley Manufacturing pays its factory workers weekly wages of $12,000. The lastpayment was made on December 28, 2003, for the week ended December 25, 2003.Calculate the wages accrued as of December 31, 2003. Round your answer to nearestDollar.

We have given, The weekly wage is = $12,000There are 7 days in a week. Thus, Daily wage = ( weekly…

Answered: Question: 6 Marks Moon Valley…

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter9: Payroll Accounting: Employer Taxes And Reports

Section: Chapter Questions

Problem 4CE

See similar textbooks

Similar questions

FINAL- Sixth Wheel Trailer Sales in Prince Edward Island employs four people. Their annual gross earnings are $40,800.00, $62,800.00, $64,700.00, and $67,000.00. Calculate the total assessable earnings for Worker's compensation, when the maximum assessable earnings for 2022 are $58,300.00.
Required information Problem 6-4A & 6-5A (Algo) [The following information applies to the questions displayed below] Joseph Farmer earned $124,800 in 2020 for a company in Kentucky. He is single with one dependent under 17 and is paid monthly. The FUTA rate in Kentucky for 2020 is 0.6 percent on the first $7,000 of employee wages, and the SUTA rate is 5.4 percent with a wage base of $10,800. Use the percentage method (or the IRS federal income tax withholding assistant) in Appendix C and the state information in Appendix D. Manual payroll system is used and Box 2 is not checked. Problem 6-4A (Algo) Required: Compute the following employee share of the taxes. (Do not round intermediate calculation. Round your final answer to 2 decimal places) Federal income tax withholding Social Security tax Medicare tax State income tax withholding Check ma
Photo from shiyalsuresh901
hsl.6
Don't give answer in image
gop.0
Do not give image format
Please do not give image format
Accounting for Labor If emplovees work on a five day work week and are paid every Friday ot week, Using the calendar year method of accounting, determine the of the Pag-ibig Contribution Withholding taxes 30,000 500,000 on Wednesday. a. P16,200 b. Р27,000 The employers' taxes are as follows: Sss Contribution Philhealth Contribution Pag-ibig Contribution c. P10,800 d. P5,400 200,000 30,000 30,000 The total weekly payroll charged to work in process account is: a. P5,100 b. P8,500 c. P16,000 d. P9,600 Total accrued payroll charged to expense account is: a. P8,100 b. P11,000 c. P6,600 d. P18,500 Comead 25% to administrative and 5% to selling expenses. Compute the total amount of payroll to be charged to work in pre It is the total amount earned by the worker a. Net pay b. Gross pay c. Gross earnings less deductions d. Bonus pay 41. account a. P5,000,000 b. P2,500,000 c. P3,500,000 d. P4,340,000 How much is the total factory overhead control account? a. P2,560,000 b. P1,500,000 c.…
Vishnu
Take me to the text An employee had $24,300 in gross earnings up to February 20, 2021. She has the following information for her pay for the week ending February 27, 2021. Her employer contributes 100% toward CPP and 140 % toward El. Vacation pay is accrued at 4% of gross pay. Workers' Compensation is 1% of gross pay. Item Amount Hours 36 Hourly Rate $16.20 Income Tax $116.64 Canada Pension Plan $28.12 Employment Insurance $9.21 Union Dues $10.00 Charitable Donations $20.00 Do not enter dollar signs or commas in the input boxes. Round your answers to 2 decimal places. For transactions with more than one debit or more than one credit, enter the debit accounts in alphabetical order followed by credit accounts in alphabetical order.
Hw.51

SEE MORE QUESTIONS

Recommended textbooks for you

College Accounting, Chapters 1-27

Accounting

ISBN:

9781337794756

Author:

HEINTZ, James A.

Publisher:

Cengage Learning,

College Accounting, Chapters 1-27 (New in Account…

Accounting

ISBN:

9781305666160

Author:

James A. Heintz, Robert W. Parry

Publisher:

Cengage Learning

Financial Accounting: The Impact on Decision Make…

Accounting

ISBN:

9781305654174

Author:

Gary A. Porter, Curtis L. Norton

Publisher:

Cengage Learning

College Accounting, Chapters 1-27

Accounting

ISBN:

9781337794756

Author:

HEINTZ, James A.

Publisher:

Cengage Learning,

College Accounting, Chapters 1-27 (New in Account…

Accounting

ISBN:

9781305666160

Author:

James A. Heintz, Robert W. Parry

Publisher:

Cengage Learning

Financial Accounting: The Impact on Decision Make…

Accounting

ISBN:

9781305654174

Author:

Gary A. Porter, Curtis L. Norton

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS

Question: 6 Marks Moon Valley Manufacturing pays its factory workers weekly wages of $12,000. The last payment was made on December 28, 2003, for the week ended December 25, 2003. Calculate the wages accrued as of December 31, 2003. Round your answer to nearest Dollar.