
FINANCIAL ACCOUNTING-STD.WILEY PLUS
10th Edition
ISBN: 9781119305750
Author: Weygandt
Publisher: WILEY
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Chapter I, Problem 3P
(a)
To determine
Salaries and wages payable
Salaries and wages payable is a payment made to an employee for completion of work allocated by the company. Gross pay is evaluated by using normal hours worked by the employee with wages rate.
Payroll tax
The costs incurred by an employer to pay the employee for his labor, including other employee benefits, plus the payroll taxes the employer pays to the government, are called payroll tax.
To prepare: The
(b)
To determine
To prepare: The journal entry to record the payroll taxes of "D" Electrical Repair Company.
(c)
To determine
To prepare: To record the payroll register for the period as on Dec 31.
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Chapter I Solutions
FINANCIAL ACCOUNTING-STD.WILEY PLUS
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