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April 19, 2015

Homework Help: accounting

Posted by Anonymous on Sunday, June 23, 2013 at 2:02am.

Joe makes $40,000 per year as an exempt employee. She worked 25 hours of overtime in the month of March. Payday for wages earned in the month of March is April 7. Ignoring Federal and State income tax withholdings, how much would he receive for September net of Social Security and Medicare taxes? What journal entry would be made on March 31 for wages owed to Joe? What journal entry would be made when he is paid on April 7?

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