The world’s Largest Sharp Brain Virtual Experts Marketplace Just a click Away
Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 402 Weeks Ago, 1 Day Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Daktari EnterprisesAc€?c Schedule of Earnings and Payroll Taxes for April is as follows:
| Â |
Gross |
FICA |
FUTA |
SUTA |
Total |
| Â |
Earnings |
8% |
1% |
4% |
Taxes |
|
Non-Factory Employees: |
 |  |  |  |  |
|
   Sales |
$ 10,000 |
$Â Â 800 |
$ 100 |
$ 400 |
$ 1,300 |
|
   Administrative |
7,000 |
  560 |
  70 |
280 |
  910 |
| Â |
17,000 |
1,360 |
  170 |
  680 |
2,210 |
|
Factory Employees: |
 |  |  |  |  |
|
   Direct Labor: |
 |  |  |  |  |
|
       Regular |
80,000 |
6,400 |
800 |
3,200 |
10,400 |
|
       Overtime Premium |
5,000 |
400 |
50 |
200 |
650 |
|
   Indirect Labor |
30,000 |
2,400 |
300 |
1,200 |
3,900 |
| Â |
115,000 |
9,200 |
1,150 |
4,600 |
14,950 |
|
Total |
$132,000 |
$10,560 |
$1,320 |
$5,280 |
$17,160 |
Assuming overhead is a result of the random scheduling of jobs, the entry to record and distribute the employerAc€?cs payroll taxes would include:
|
a. |
A debit to Factory Overhead for 14,950. |
|
b. |
A debit to FICA Expense of $10,560. |
|
c. |
A credit to Payroll of $132,000. |
|
d. |
A debit to Work in Process for $11,050. |
Â
Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll