Summary Payroll Data In the following summary of data for a payroll period, some amounts have been intentionally omitted. Calculate the amounts omitted below. Enter all your answers as positive amounts. Earnings 1. At regular rate 2. At overtime rate 3. Total eamings 51,800 Deductions: 4, FICA tax 5. Income tax withheld 6. Medical insurance 7. Union dues 8. Total deductions 9 Net amount paid $20,760 88,100 11,900 $128,000 $218,000 Accounts debited: 10. Wages 11. Sales Salaries 12. Office Salaries $183,400 $69,200
Expert Answer
Total earnings – Total deductions = Net amount paid
Total earnings – 128000 = 218000
Total earnings = $ 346000
Now, Earnings at regular rate + overtime rate = Total earnings
Earnings at regular rate + 51800 = 346000
Earnings at regular rate = $ 294200
Amounts debited : Wages + Sales salaries + Office salaries = Total earnings
183400 + Sales salaries + 69200 = 346000
Sales salaries = $ 93400