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Other Fields Homework Help Accounting Topic started by: majestico on Jun 6, 2017



Title: Prepare a general journal payroll entry for Advanced Computer Programming using the following ...
Post by: majestico on Jun 6, 2017
Prepare a general journal payroll entry for Advanced Computer Programming using the following information:

   Cumulative Earnings   Weekly
   Before Payroll   Salary   Department
C. Lester   $60,000   $1,000   Office
C. Oros   90,000   1,600   Sales
J. Carnarvon   165,000   2,100   Office

Assume the following:
a) FICA: OASDI, 6.2% on a limit of $117,000; Medicare, 1.45%.
b) Federal income tax is 15% of gross pay.
c) Each employee pays $20 per week for medical insurance.


Title: Re: Prepare a general journal payroll entry for Advanced Computer Programming using the following ...
Post by: Laffio on Jun 6, 2017
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Title: Re: Prepare a general journal payroll entry for Advanced Computer Programming using the following ...
Post by: majestico on Sep 3, 2017
Yeah, makes a lot more sense. Appreciate this quite a lot