Great Dane Trailers Has the Following Data Available for Its

question 75

Essay

Great Dane Trailers has the following data available for its March 31,Year 1,payroll:
$\begin{array}{ll}\text { Gross pay* } & \$ 180,000 \\\text { Federal income taxes withheld } & 43,200 \\\text { Provincial income taxes withheld } & 7,200 \\\text { "All subject to employee deduction matching and withholding at } 7.65 \%\end{array}$
Federal employment tax and provincial employment tax are also applicable at rates of 0.8% and 3.5%,respectively.All wages are subject to these taxes.
Prepare the journal entries to record the wages earned and payroll taxes.

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Definitions:

Unconscious Bias

Refers to the attitudes or stereotypes that affect our understanding, actions, and decisions in an unconscious manner.

Mechanical Comprehension

The ability to understand and apply mechanical concepts and principles to solve problems.

Constructs

Conceptual elements or variables designed to represent theories or phenomena of interest, often used in psychological and sociological research.

Criterion-Related Validity

The extent to which a selection tool predicts, or significantly correlates with, important elements of work behaviour