Cindy Ncuer\'s regular hourly wage rate is $34, and she receives an hourly rate

Question

Cindy Ncuer's regular hourly wage rate is $34, and she receives an hourly rate of $40 for work In excess of 38 hours. During a January pay period, Cindy works 46 hours. Cindy's federal income tax withholding is $87, and she has no voluntary deductions. Assume that the FICA tax rate is 7%. Prepare the employer's Journal entnes to record Cindy's pay for the period and the payment of Cindy's wages Use January 15 for the end of the pay period and the payment date. (Round answers to 2 decimal places, e.g. 15.25. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Show Work is REQUIRED for this question:

Explanation / Answer

All Amounts in $ Cindy Neuer Calculation of Wages for January For 38 hours @ $ 34 1292 For 8 hours @ $ 40 320 1612 Journal Entries a. Salaries and Wages Expense 1612 FICA Taxes Payable 113 Federal Income Taxes Payable 87 Salaries and Wages Payable 1412 b. Salaries and Wages Payable 1412 Cash 1412

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.