Supermarket Caridad offers its employees vacation benefits and contributes a 2% contribution to a 401K. The employees had total wages of $ 125,000 and vacation benefits of $ 28,460. Calculate how much the employer contributes for the 401k. Make the wage entries related to vacation pay. Make the wage entries related to the 401K contribution.
Supermarket Caridad offers its employees vacation benefits and contributes a 2% contribution to a 401K. The employees had total wages of $ 125,000 and vacation benefits of $ 28,460. Calculate how much the employer contributes for the 401k. Make the wage entries related to vacation pay. Make the wage entries related to the 401K contribution.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Supermarket Caridad offers its employees vacation benefits and contributes a 2% contribution to a 401K. The employees had total wages of $ 125,000 and vacation benefits of $ 28,460.
Calculate how much the employer contributes for the 401k.
Make the wage entries related to vacation pay.
Make the wage entries related to the 401K contribution.
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