Question

eBook Calculator E Print Item Summary Payroll Data In the following summary of data for a payroll period, some amounts have been intentionally omitted: Earnings: 1. At regular rate 2. At overtime rate 3. Total earnings $62,300 Deductions: 4. Social security tax 5. Medicare tax 24,960 6,240 105,900 14,300 6. Income tax withheld 7. Medical insurance 8. Union dues 9. Total deductions 154,000 262,000 10. Net amount paid Accounts debited: 11. Factory Wages 12. Sales Salaries 13. Office Salaries 220,500 83,200 a. Calculate the amounts omitted in lines (1), (3), (8), and (12). (3) Check My Work 2 more Check My Work uses remaining.

Answer 1

a
(1)	353700
(3)	416000
(8)	2600
(12)	112300
b
Factory wages expense	220500
Sales salaries expense	112300
Office Salaries expense	83200
Social security tax payable		24960
Medicare tax payable		6240
Employees income tax payable		105900
Medical insurance payable		14300
Union dues payable		2600
Salaries payable		262000
c
Salaries payable	262000
Cash		262000
Workings:
Net amount paid	262000
Add: Total deductions	154000
Total earnings	416000
Total earnings	416000
Less: At overtime rate	62300
At regular rate	353700
Total deductions	154000
Less:
Social security tax	24960
Medicare tax	6240
Income tax withheld	105900
Medical insurance	14300
= Union dues	2600
Total earnings	416000
Less:
Factory Wages	220500
Office Salaries	83200
= Sales Salaries	112300