Homework Answers
a. Net Pay = Gross Earnings - Federal Income Tax - FICA
Net Pay = $1780 - $303 - $136
Net Pay = $1341
Noll's Net pay for the week = $1341
b. Journal Entry for recording Noll's pay in general journal
| Debit | Credit | |
| Gross Salaries and Wages | 1780 | |
| FICA Tax Payable | 136 | |
| Federal Income tax Payable | 303 | |
| Salaries and Wages Payable | 1341 |
c. Recording of issuing of check for Noll's pay in general journal
| Debit | Credit | |
| Salaries and Wages Payable | 1341 | |
| Bank | 1341 |
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of 2021. on his federal income tax with-holding ate and record net pay. E10.6 (L01) Dan...
Dan Noll's gross earnings for the week were $2,150, his federal income tax withholding was $346,...
Dan Noll's gross earnings for the week were $2,150, his federal
income tax withholding was $346, and his FICA total was $164.
A) What was Noll’s net pay for the week? (Round
answer to 0 decimal places, e.g. 5,275.)
B) Journalize the entry for the recording of his pay in the
general journal. (Note: Use Salaries and Wages Payable:
not Cash.) (Round answers to 0 decimal places, e.g.
5,275. Assume FICA rate of 7.65%.)
C) Record the issuing of the...
Gary Noll's gross earnings for the week were $3,400, his federal income tax withholding was $612, and his FICA total wa...
Gary Noll's gross earnings for the week were $3,400, his federal income tax withholding was $612, and his FICA total was $260. There were no state income taxes. What was Noll's net pay for the week? Net pay $ 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...
Exercise 10-07 George Noll's gross earnings for the week were $2,500, his federal income tax withholding...
Exercise 10-07 George Noll's gross earnings for the week were $2,500, his federal income tax withholding was $450, and his FICA total was $191. There were no state income taxes What was Noll'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) (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit...
Chris Noll's gross earnings for the week were $2,000, his federal income tax withholding was $360,...
Chris Noll's gross earnings for the week were $2,000, his federal income tax withholding was $360, and his FICA total was $153. There were no state Income taxes. What was Noll's net pay for the week? Net pay $ 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...
Swifty's gross earnings for the week were $1,050, his federal income tax with-holding was $302, and...
Swifty's gross earnings for the week were $1,050, his federal income tax with-holding was $302, and his FICA total was $80. What was Swifty's net pay for the week? Swifty's net pay for the week e Textbook 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 accounts titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles...
Exercise 10-07 Robert Noll's gross earnings for the week were $1,200, his federal income tax withholding was $216, and...
Exercise 10-07 Robert Noll's gross earnings for the week were $1,200, his federal income tax withholding was $216, and his FICA total was $92. There were no state income taxes. What was Noll's net pay for the week? Net pay SHOW LIST OF ACCOUNTS LINK TO TEXT 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...
Exercise 10-06 a-c Windsor's gross earnings for the week were $1,300, his federal income tax with-holding...
Exercise 10-06 a-c Windsor's gross earnings for the week were $1,300, his federal income tax with-holding was $312, and his FICA total was $99. what was Windsor's net pay for the week? Windsor'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.) (Credit accounts titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit...
Skysong's gross earnings for the week were $1,200, his federal income tax withholding was $308, and...
Skysong's gross earnings for the week were $1,200, his federal
income tax withholding was $308, and his FICA total was $92.
Your answer is incorrect. Try again.
What was Skysong’s net pay for the week?
Skysong’s net pay for the week
$enter Skysong’s net pay for the week in dollars
SHOW LIST OF ACCOUNTS
LINK TO TEXT
Your answer is partially correct. Try again.
Journalize the entry for the recording of his pay in the general
journal. (Note: Use Salaries...
Eric's gross pay for the week is $2,150. His deduction for federal income tax is based...
Eric's gross pay for the week is $2,150. His deduction for federal income tax is based on a rate of 25%. He has no voluntary deductions. His yearly pay is under the limit for OASDI. What is the amount of FICA tax that will be withheld from Eric's pay? (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%. Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) $537.50 $701.98 $136.50 $164.48
Instructions Gross Pay, Deductions, and Net Pay Donald Chin works for Northwest Supplies. His rate of...
Instructions Gross Pay, Deductions, and Net Pay Donald Chin works for Northwest Supplies. His rate of pay is $8.50 per hour, and he is paid 19 times the regular rate for all hours worked in excess of 40 per week. During the last week of January of the current year, he worked 48 hours. Chin is married and claims three withholding allowances on his W-4 form. His weekly wages are subject to the following deductions: a. Employee federal income tax...
Dan Noll's gross earnings for the week were $2,150, his federal
income tax withholding was $346, and his FICA total was $164.
A) What was Noll’s net pay for the week? (Round
answer to 0 decimal places, e.g. 5,275.)
B) Journalize the entry for the recording of his pay in the
general journal. (Note: Use Salaries and Wages Payable:
not Cash.) (Round answers to 0 decimal places, e.g.
5,275. Assume FICA rate of 7.65%.)
C) Record the issuing of the...
Gary Noll's gross earnings for the week were $3,400, his federal income tax withholding was $612, and his FICA total was $260. There were no state income taxes. What was Noll's net pay for the week? Net pay $ 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...
Exercise 10-07 George Noll's gross earnings for the week were $2,500, his federal income tax withholding was $450, and his FICA total was $191. There were no state income taxes What was Noll'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) (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit...
Chris Noll's gross earnings for the week were $2,000, his federal income tax withholding was $360, and his FICA total was $153. There were no state Income taxes. What was Noll's net pay for the week? Net pay $ 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...
Swifty's gross earnings for the week were $1,050, his federal income tax with-holding was $302, and his FICA total was $80. What was Swifty's net pay for the week? Swifty's net pay for the week e Textbook 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 accounts titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles...
Exercise 10-07 Robert Noll's gross earnings for the week were $1,200, his federal income tax withholding was $216, and his FICA total was $92. There were no state income taxes. What was Noll's net pay for the week? Net pay SHOW LIST OF ACCOUNTS LINK TO TEXT 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...
Exercise 10-06 a-c Windsor's gross earnings for the week were $1,300, his federal income tax with-holding was $312, and his FICA total was $99. what was Windsor's net pay for the week? Windsor'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.) (Credit accounts titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit...
Skysong's gross earnings for the week were $1,200, his federal
income tax withholding was $308, and his FICA total was $92.
Your answer is incorrect. Try again.
What was Skysong’s net pay for the week?
Skysong’s net pay for the week
$enter Skysong’s net pay for the week in dollars
SHOW LIST OF ACCOUNTS
LINK TO TEXT
Your answer is partially correct. Try again.
Journalize the entry for the recording of his pay in the general
journal. (Note: Use Salaries...
Eric's gross pay for the week is $2,150. His deduction for federal income tax is based on a rate of 25%. He has no voluntary deductions. His yearly pay is under the limit for OASDI. What is the amount of FICA tax that will be withheld from Eric's pay? (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%. Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) $537.50 $701.98 $136.50 $164.48
Instructions Gross Pay, Deductions, and Net Pay Donald Chin works for Northwest Supplies. His rate of pay is $8.50 per hour, and he is paid 19 times the regular rate for all hours worked in excess of 40 per week. During the last week of January of the current year, he worked 48 hours. Chin is married and claims three withholding allowances on his W-4 form. His weekly wages are subject to the following deductions: a. Employee federal income tax...
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