Dan Noll's gross earnings for the week were $1,780, his federal income tax withholding was $303, and his FICA total was $136.
What was Noll’s net pay for the week?
Net pay = Gross pay - FICA taxes - Federal income tax
Net pay = $1,780 - $136 - $303
Net pay = $1,341
Journalize the entry for the recording of his pay in the general journal. (Note: Use Salaries and Wages Payable: not Cash.)
Record the issuing of the check for Noll’s pay in the general journal.
Thanks
What was Noll’s net pay for the week?
Net pay = Gross pay - FICA taxes - Federal income tax
Net pay = $1,780 - $136 - $303
Net pay = $1,341
Journalize the entry for the recording of his pay in the general journal. (Note: Use Salaries and Wages Payable: not Cash.)
Record the issuing of the check for Noll’s pay in the general journal.
Thanks
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