EA16. LO 12.5 An employee and employer cost-share pension plan contributions and health insurance premium payments. If the employee covers 35% of the pension plan contribution and 25% of the health insurance premium, what would be the employee's total benefits responsibility if the total pension contribution was $900, and the health insurance premium was $375? Include the journal entry representing the payroll benefits accumulation for the employer in the month of February. Solution What would be the employee's total benefits responsibility?
EA16. LO 12.5 An employee and employer cost-share pension plan contributions and health insurance premium payments. If the employee covers 35% of the pension plan contribution and 25% of the health insurance premium, what would be the employee's total benefits responsibility if the total pension contribution was $900, and the health insurance premium was $375? Include the journal entry representing the payroll benefits accumulation for the employer in the month of February. Solution What would be the employee's total benefits responsibility?
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 16EA: An employee and employer cost-share pension plan contributions and health insurance premium...
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Question
![EA16. LO 12.5 An employee and employer cost-share pension plan contributions and health
insurance premium payments. If the employee covers 35% of the pension plan contribution and
25% of the health insurance premium, what would be the employee's total benefits responsibility
if the total pension contribution was $900, and the health insurance premium was $375?
Include the journal entry representing the payroll benefits accumulation for the employer in the
month of February.
Solution
What would be the employee's total benefits responsibility?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7e7d3231-d281-4b4e-8e85-bd53e58b08ef%2F0bd633f9-bdec-439c-83f2-22e67c225a8c%2Fdlvjki_processed.jpeg&w=3840&q=75)
Transcribed Image Text:EA16. LO 12.5 An employee and employer cost-share pension plan contributions and health
insurance premium payments. If the employee covers 35% of the pension plan contribution and
25% of the health insurance premium, what would be the employee's total benefits responsibility
if the total pension contribution was $900, and the health insurance premium was $375?
Include the journal entry representing the payroll benefits accumulation for the employer in the
month of February.
Solution
What would be the employee's total benefits responsibility?
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