When cross footing the employee earnings subsidiary ledger, what constitutes the credits? (Answer IS NOT "E")...
- When cross footing the employee earnings subsidiary ledger,
what constitutes the credits? (Answer IS NOT "E")
- FICA, Federal Income Tax, and Net Pay
- Gross Pay
- Gross Pay, FICA, and Federal Income Tax
- Net Pay
- FICA and Federal Income Tax
Homework Answers
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| When cross footing the employee earnings subsidiary ledger, what constitutes the credits? (Answer IS NOT "E") |
| In the employee earnings subsidiary ledger you should cross foot net pay with Gross pay minus deductions i.e. FICA and Federal Income tax. It is to ensure that the total on both side should be zero, |
| So, Gross Pay, FICA, and Federal Income Tax constitutes the credits. |
| Answer is option C. |
Add Answer to:
When cross footing the employee earnings subsidiary ledger,
what constitutes the credits? (Answer IS NOT "E")...
When cross footing the employee earnings subsidiary ledger, what constitutes the debits? (Answer IS NOT "A")...
When cross footing the employee earnings subsidiary ledger, what constitutes the debits? (Answer IS NOT "A") FICA and Federal Income Tax Net Pay Gross Pay and FICA Gross Pay
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