An Employer Has an Employee Benefit Package That Includes Employer-Paid

question 145

Essay

An employer has an employee benefit package that includes employer-paid health insurance and an employer-paid retirement program.During March,the employer paid $5,500 for health insurance,and contributed to the employee retirement program 10% of the employees' $120,000 gross salaries.Prepare the journal entry to record these employee benefits.

---

Definitions:

Pepsin

An enzyme in the stomach that breaks down proteins into smaller peptides, facilitating digestion.

Denature

A process in which proteins lose their native shape and functionality due to the disruption of non-covalent bonds, often caused by changes in pH, temperature, or chemical exposure.

pH

A scale used to specify the acidity or basicity of an aqueous solution, with values ranging from 0 to 14.

Predictable Variability

The expected fluctuation in demand, supply, or operational processes that can be anticipated based on patterns or historical data.