Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. dixon sales has six sales employees that receive w

Dixon Sales has six sales employees that receive weekly paychecks. Each employee earns $18.00...

90.2K

Verified Solution

Question

Accounting

Dixon Sales has six sales employees that receive weekly paychecks. Each
employee earns $18.00 per hour and has worked 40 hours in the pay period.
Total federal income tax withholdings are $518.40. Each employee pays 3.0% in
state income tax, 6.0% in Social Security tax, 1.5% in Medicare tax, and 0.5%
toward retirement savings. Journalize the recognition of the pay period ending
January 19 that will be paid to the employees on January 26. If an amount box
does not require an entry, leave it blank. If required, round your answers to two
decimal places. Jan. 19
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Neutralization Reactions In a clean, small container (glass vial or small paper cup), place about ten drops...

Chemistry
Q

I don't know to do ii) for letter a, as well as letter d, e and...

Chemistry
Q

An ice cube whose mass is 50 g is taken from a freezer at a temperature...

Physics
Q

1:            Is PID control used in Feed Forward or Feed Back control? 2:            Explain how Open Loop Tuning...

Electrical Engineering
Q

2 The graph of which of the following quadratics does NOT have a vertex on...

Calculus
Q

Bruins Company Bruins follows: Company has projected sales and production in units for the second...

Accounting
Q

Bernie's Ltd. Income Statement For the Year ended December 31, 20X5...

Accounting
Q

An analyst evaluating securities has obtained the following information. The real rate of interest is...

Accounting
Q

Salary Expense and Payroll Tax Expense Ergo Company has one employee who is paid...

Accounting
Q

Which of the following is a measure of operating efficiency? Operational Leverage Return on Assets...

Accounting
Q

Fifty-six year old Krista is the policy owner and life insured of a 10-year term...

Finance
Q

If $680 is worth $698.70 after three months, what interest rate was charged?

Finance