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1.
Payroll: The total payment that a company is required to pay to its employee for the services received is called as payroll.
Payroll withholding deduction: The amounts which the employer withheld from employees’ gross pay to deduct taxes such as federal income tax, state income tax, local income tax, and social security tax are called payroll withholding deduction.
Payroll register: A schedule which is maintained by the company to record the earnings, earnings withholdings, and net pay of each employee is referred to as payroll register.
To complete: The payroll register.
2.
To Journalize: Company D’s wages expense accrual for the current pay period.
3.
To Journalize: Company D’s expenses for employer payroll taxes for the current pay period.
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Chapter 11 Solutions
Horngren's Financial & Managerial Accounting, Student Value Edition Plus MyLab Accounting with Pearson eText -- Access Card Package (5th Edition)
- Subject: general accountingarrow_forwardquick answer of this accountarrow_forwardEckhart Corp. reports that at an activity level of 5,800 machine-hours in a month, its total variable inspection cost is $348,240 and its total fixed inspection cost is $128,500. What would be the total variable inspection cost at an activity level of 6,100 machine-hours in a month? Assume that this level of activity is within the relevant range. Helparrow_forward
- Collins Corporation reported $120,000 of income for the year by using variable costing. The company had no beginning inventory, planned and actual production of 60,000 units, and sales of 55,000 units. Standard variable manufacturing costs were $18 per unit, and total budgeted fixed manufacturing overhead was $180,000. If there were no variances, income under absorption costing would be__.arrow_forwardi want to correct answerarrow_forwardThe result Would be a higher pretex income ofarrow_forward
- Need answerarrow_forwardMCQarrow_forwardUse the Motor Vehicle Taxable Benefit table below to answer questions 1 and 2. Motor Vehicles: Annual Taxable Benefit Original cost of motor vehicle Age of MV – up to 5 years old Age of MV – Over 5 years old (up to 50% private use) (over 50% private use) (up to 50% private use) (over 50% private use) Up to $300,000 $40,000 $48,000 $30,000 $36,000 Up to $700,000 $50,000 $60,000 $40,000 $48,000 Up to $1,000,000 $75,000 $80,000 $60,000 $65,000 Up to $1,500,000 $90,000 $100,000 $72,000 $80,000 Over $1,500,000 $120,000 $140,000 $98,000 $100,00 1. Melissa Hines earned an annual salary of $1,050,000 and her employer paid $50,000 per month to an independent landlord for rental of her apartment. She was given a company vehicle that was bought 8 years earlier for $1,100,000. It is estimated that Ms. Hines private usage of the vehicle is 40%. What would be her total emoluments for the year?…arrow_forward
- College Accounting (Book Only): A Career ApproachAccountingISBN:9781337280570Author:Scott, Cathy J.Publisher:South-Western College PubCollege Accounting, Chapters 1-27 (New in Account...AccountingISBN:9781305666160Author:James A. Heintz, Robert W. ParryPublisher:Cengage LearningCollege Accounting (Book Only): A Career ApproachAccountingISBN:9781305084087Author:Cathy J. ScottPublisher:Cengage Learning
- Century 21 Accounting Multicolumn JournalAccountingISBN:9781337679503Author:GilbertsonPublisher:CengageFinancial AccountingAccountingISBN:9781305088436Author:Carl Warren, Jim Reeve, Jonathan DuchacPublisher:Cengage Learning
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