Summary Payroll DataIn the following summary of data for a payroll period, some amounts have been intentionally omitted:Earnings: 1. At regular rate? 2. At overtime rate$70,400 3. Total earnings?Deductions: 4. Social security tax28,200 5. Medicare tax7,050 6. Income tax withheld119,700 7. Medical insurance16,200 8. Union dues? 9. Total deductions174,000 10. Net amount paid296,000Accounts debited: 11. Factory Wages249,100 12. Sales Salaries? 13. Office Salaries94,000

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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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Summary Payroll Data

In the following summary of data for a payroll period, some amounts have been intentionally omitted:

Earnings:
	1. At regular rate	?
	2. At overtime rate	$70,400
	3. Total earnings	?
Deductions:
	4. Social security tax	28,200
	5. Medicare tax	7,050
	6. Income tax withheld	119,700
	7. Medical insurance	16,200
	8. Union dues	?
	9. Total deductions	174,000
	10. Net amount paid	296,000
Accounts debited:
	11. Factory Wages	249,100
	12. Sales Salaries	?
	13. Office Salaries	94,000

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