Giana Balley works for JMK all year and eams a monthly salary of $11,800 There is no overtima,pay Giana's income tax wilthholding rate is 10% of gross pay In addition to payroll taves, Giana elects to contribute 3% monthly to United Way, JMK also deducts s275 monthly for co-payment of the health insurance premium. As of September 30, Giana had $106,200 of cumulative eanings O (Ckck the icon to view payroll tax rate information) Requirements 1. Compute Giana's net pay for October. 2. Joumalize the accrual of salaries expense and the payments related to the employment of Giana Bailey. Requirement 1. Compute Giana's net pay for October. (Round all amounts to the nearest cent.) Withholding deductions

Giana Balley works for JMK all year and eams a monthly salary of $11,800 There is no overtima,pay Giana's income tax wilthholding rate is 10% of gross pay In addition to payroll taves, Giana elects to contribute 3% monthly to United Way, JMK also deducts s275 monthly for co-payment of the health insurance premium. As of September 30, Giana had $106,200 of cumulative eanings O (Ckck the icon to view payroll tax rate information) Requirements 1. Compute Giana's net pay for October. 2. Joumalize the accrual of salaries expense and the payments related to the employment of Giana Bailey. Requirement 1. Compute Giana's net pay for October. (Round all amounts to the nearest cent.) Withholding deductions

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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