What was Pina Colada’s net pay for the week? Journalize the entry for the recording of his pay in the general journal. (Note: Use Salaries and Wages Payable: not Cash.) Record the issuing of the check for Pina Colada’s pay in the general journal.
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Pina Colada's gross earnings for the week were $1,650, his federal income tax withholding was $326, and his FICA total was $126.
What was Pina Colada’s net pay for the week?
Record the issuing of the check for Pina Colada’s pay in the general journal.
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- Adams, Inc., pays its employees weekly wages in cash. A supplementary payroll sheet that lists the employees names and their earnings for a certain week is shown below. Complete the payroll sheet by calculating the total amount of payroll and indicating the least possible number of denominations that can be used in paying each employee. However, no employees are to be given bills in denominations greater than 20.A weekly payroll register shows that Louise Price had total wages of $460. She had deductions of $35.19 for FICA tax, $54 for federal income tax, and $16 for medical insurance. Compute Price's net pay. 435.81 345.81 545.81 354.81Charles Noll’s gross earnings for the week were $1,700, his federal income tax withholding was $306, and his FICA total was $130. There were no state income taxes. What was Noll’s net pay for the week? Net pay $enter Net pay in dollars eTextbook and Media List of Accounts Journalize the entry for the recording of his pay in the general journal. (Note: Use Salaries and Wages Payable, not Cash.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount eTextbook and Media List of…
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- The payroll records of Speedy Software show the following information about Marsha Gottschalk, an employee, for the weekly pay period ending September 30. Gottschalk is single and claims one allowance. Compute her Social Security tax (6.2%), Medicare tax (1.45%), federal income tax withholding (use the withholding table in Exhibit 9A.6), state income tax (1.0%), and net pay for the current pay period. (Round your final answers to 2 decimal places.) Total (gross) earnings for current pay period Cumulative earnings of previous pay periods Gross pay Social security tax deduction Medicare tax deduction Federal income tax deduction State income tax deduction Total deductions Net pay $ 720 $ 9,360An employee has a net payroll amount of $5,064.50. What is the correct journal entry to record this payment on payday?The payroll records of Speedy Software show the following information about Marsha Gottschalk, an employee, for the weekly pay period ending September 30. Gottschalk is single and claims one allowance. Compute her Social Security tax (6.2%), Medicare tax (1.45%), federal income tax withholding (use the withholding table in Exhibit 11A.6), state income tax (1.0%), and net pay for the current Day period.
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