Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. journal entry for the following: paid the semi-mon

Journal entry for the following: Paid the semi-monthly payroll, $2,500 if direct labor for Job#1...

80.2K

Verified Solution

Question

Accounting

Journal entry for the following: Paid the semi-monthly payroll, $2,500 if direct labor for Job#1 (250 hours), and $400 for indirect labor (40 hours), and $1,100 as Salary expense [for administrative and selling salaries]. The amounts withheld are $500 for income taxes and $350 for FICA taxes. NOTE: A second journal entry for the employer's portion of the payroll taxes must be recorded. This includes matching the FICA taxes, .8% for Federal Unemployment taxes and 5.4% for State Unemployment taxes.

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Assume that the United States invests heavily in government and corporate securities of South Korea (hereafter,...

Finance
Q

Resource competition is likely to occur a when the same plants produce different seed types...

Biology
Q

13 What s the highest BPM your heart rate can reach OA Max heart rate...

Biology
Q

Suppose there are eight salespeople. If seven of the salespeople earned $2,400, $2,500, $2,800, $2,800,...

Basic Math
Q

How would you choose to reduce the systemshown to a 2 x 2? Explain why...

Basic Math
Q

Oliver s grandparents set up an annuity for him He will be paid 350 at...

Calculus
Q

Give the domains of the following functions in interval notation f x 5 x 10...

Calculus
Q

List 3 temporary accounts.List 3 Current Asset Accounts

Accounting
Q

I am not calculating this correctly; this is harder by hand than with the tax...

Accounting
Q

Donn Luxury Resort has just received a utility expense of $45,000. However, the utility expense...

Accounting
Q

Identify five items that are adjustments to convert net income to net cash provided by...

Accounting
Q

In which of the following cases does the burden of proof shift to the IRS?...

Accounting