if the company paid $10,500 in salaries and wages in 2014, what is the balance in salaries and wages payable on December 31, 2013?
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e) if the company paid $10,500 in salaries and wages in 2014, what is the balance in salaries and wages payable on December 31, 2013?
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- In a recent pay period, Blue Company employees have gross salaries of $18,960. Total deductions are: CPP $886, EI $348, and income taxes $4,480. What is Blue Company’s total payroll expense for this pay period? Ignore vacation benefits and workers’ compensation premiums.At December 31, 2021, what amount was reported by Brown Company as accrued salaries payable? Choices: P90,000 P84,000 P72,000 P22,0001. How much is the contract revenue during 2017? 2. How much is the total estimated cost to complete in 2018? 3. How much is the total estimated gross profit in 2018? Please refer to the picture below to answer the question.
- Allison Hardware Company’s payroll for November 2022 is as follows: factory, €140,000; sales, €32,000; and administrative, €36,000. The Social Security rate is 8% on an employee’s wages. Income tax withheld amounts to €16,000 for factory, €7,000 for sales, and €6,000 for administrative. Instructions a. Prepare a schedule showing the employer’s total cost of salaries and wages for November by function. b. Prepare the journal entries to record the factory, sales, and administrative payrolls including the employer’s payroll taxes.15. The following are data available for the month of September 2021 of Saint James Corp. Gross Earnings P8,500,000 Deductions: SSS Contribution 425,000 85,000 85,000 2,125,000 Philhealth Pag-ibig Witholding taxes Determine the following: A. Accrued payroll B. Amount charged to Worked in Process account 16. The following data of JYD Corp. Workers idle time are as follows: Normal Idle Time Abnormal Idle time Wage Rate/hr. Mr. Gom, Factory Supervisor Mr. Bur, Factory laborer Mr. Za, Factory laborer 6 hrs 2 hrs P400 8 hrs 2 hrs 250 8 hrs 2 hrs. 250 Prepare the journal entry to record the idle time of the three workers.An employee with an annual salary of $77278 is paid every month. What is the gross pay per pay period? Report your answer to two decimal places AND with correct units. Answer:
- Turner Empire Co. employs 65 employees. The employees are paid every Monday for work done from the previous Monday to the end-of-business on Friday, or a 5-day work week. Each employee earns $80 per day. Required: 1. Calculate the total weekly payroll cost and the salary adjustment at March 31, 2016. 2. Prepare the adjusting entry at March 31, 2016. 3. Prepare the subsequent cash entry on April 4, 2016.How much is the net income earned in April 2021? Muntinlupa Co. reported the following events to its bookkeeper covering the month of April 2021: T1: Hired five employees who will be assigned to handle the delivery operations of the company. Each employee signed a P15,000 monthly salary contract. T2: The purchasing officer prepared a purchase order for inventory amounting to P85,000. The said PO had been mailed to the supplier on the same date. T3: Muntinlupa‘s chairman, Mr. Hini M. Atay, suffered heart attack and is feared that he will pass away. The expected loss for this to Muntinlupa is estimated at P10,000,000. T4: Billing for electricity for the month of April 2021 received on April 30, 2021 amounted to P13,600. T5: Delivered inventories to a customer with selling price of P350,000. The cost of goods sold is P300,000. How much is the net income earned in April 2021?4. The following are data available for the month of September 2021 of Saint James Corp. Gross Earnings P8,500,000 Deductions: SSS Contribution Pbilbealth Pag-ibig Witholding taxes 425,000 85,000 85.000 2,125,000 Determine the following: A. Accrued payroll B. Amount charged to Worked in Process account
- The following are data available for the month of September 2021 of Saint James Corp. Gross Earnings P8,500,000 Deductions: SSS Contribution 425,000 Philhealth 85,000 Pag-ibig 85,000 Witholding taxes 2,125,000 Determine the following: Accrued payroll Amount charged to Worked in Process accountWhat Is the annual salary equivalent to a monthly salary of $3253. 12?In June 2019, the labor force was 163.0 million and employment was 157.0 million. In June 2019, 17.3 percent of all employment was part time and 4.3 million people worked part time for economic reasons. How many people worked part time for noneconomic reasons? The number of people who worked part time for noneconomic reasons is _____ million. Answer to 1 decimal place thanks!