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Dixon Sales has seven sales employees that receive weekly paychecks. Each earns $10.25 per hour and each has worked 40 hours in the pay period.

Dixon Sales has seven sales employees that receive weekly paychecks. Each earns $10.25 per hour and each has worked 40 hours in the pay period. Each employee pays 12% of gross in federal income tax, 3% of gross in state income tax, 6% of gross in social security tax, 1.5% of gross in Medicare tax, and 0.5% of gross in state disability insurance. Journalize the recognition of the pay period ending January 19 which will be paid to the employees January 26.

Top Answer

Sales wages expenses 7x$10.25x40 hours                  2870 Federal income tax payable... View the full answer

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Dixon Sales has seven sales employees that receive weekly paychecks. Each earns $10.25 per hour and each has worked 40 hours... View the full answer

1 comment
  • Rem the jornal entry record the date the wage is paid
    • PopeMichelengalo
    • May 10, 2018 at 9:16pm

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