To what account is total net pay credited? cash voluntary deductions payroll Salaries Expense

The amount that employees get after all deductions and withholdings is known as their total net pay,…

Answered: To what account is total net pay…

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter15: Preparing Adjusting Entries And A Trial Balance

Section15.4: Calculating Federal Income Tax

Problem 3AYU

See similar textbooks

Similar questions

What expense account is often used to record employees' earnings? voluntary deductions cash Salaries Expense payroll
Why are payroll taxes and sales taxes consideredliabilities?
Rebate on bills discounted is A liability Actual income Income received in advance An accrued income
What accounts are debited and credited when an employer records the electronic transfer of FICA taxes and federal income taxes that have been withheld?
What are an employers responsibilities for FICA taxes on: a. Tips reported by employees? b. Wages paid tipped employees?
how do you do paycheck calculations
Identify whether the account is an ASSET, LIABILITY, EQUITY, REVENUE or EXPENSE. 1. Unremitted sales tax 2. Benefits 3. Unremitted pension payments 4. Bank charges
Which of the following is business income for NOL purposes? Interest earned on savings account. Unemployment compensation. Alimony received. IRA distribution.
Sales tax payable, accounts payable, payroll liabilities and unearned revenue are all examples of: Group of answer choices long-term liabilities unknown liabilities current assets current liabilities
Taxes owed to the government and Wages owed to employees are examples of accounts recievable long-term liabilities secured liabilities. nonbank liabilities
Which of the following can be deducted as interest expense? Interest on personal debt Interest on debt from a related creditor Imputed interest on capital Interest on assessed tax delinquency ANSWER:
why is income tax expense shown in the income statement different from the income tax paid shown in the cash flow statement?

SEE MORE QUESTIONS

Recommended textbooks for you

Century 21 Accounting Multicolumn Journal

Accounting

ISBN:

9781337679503

Author:

Gilbertson

Publisher:

Cengage

Century 21 Accounting General Journal

Accounting

ISBN:

9781337680059

Author:

Gilbertson

Publisher:

Cengage

College Accounting (Book Only): A Career Approach

Accounting

ISBN:

9781337280570

Author:

Scott, Cathy J.

Publisher:

South-Western College Pub

Century 21 Accounting Multicolumn Journal

Accounting

ISBN:

9781337679503

Author:

Gilbertson

Publisher:

Cengage

Century 21 Accounting General Journal

Accounting

ISBN:

9781337680059

Author:

Gilbertson

Publisher:

Cengage

College Accounting (Book Only): A Career Approach

Accounting

ISBN:

9781337280570

Author:

Scott, Cathy J.

Publisher:

South-Western College Pub

College Accounting, Chapters 1-27

Accounting

ISBN:

9781337794756

Author:

HEINTZ, James A.

Publisher:

Cengage Learning,

Cornerstones of Financial Accounting

Accounting

ISBN:

9781337690881

Author:

Jay Rich, Jeff Jones

Publisher:

Cengage Learning

PAYROLL ACCT., 2019 ED.(LL)-TEXT

Accounting

ISBN:

9781337619783

Author:

BIEG

Publisher:

CENGAGE L

SEE MORE TEXTBOOKS