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Grammy's Bakery Had the Following Information for the Pay Period

question 28

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Grammy's Bakery had the following information for the pay period ending June 30: Grammy's Bakery had the following information for the pay period ending June 30:     FICA-OASDI applied to the first $106,800 at a rate of 6.2%. FICA-Medicare applied at a rate of 1.45%. FUTA applied to the first $7,000 at a rate of 0.8%. SUTA applied to the first $7,000 at a rate of 5.6%. State income tax is 3.8%. Given the above information, what would be the amount applied to Kitchen Salaries Expense? A) Debit $12,000 B) Credit $12,000 C) Debit $2,000 D) Credit $2,000 Grammy's Bakery had the following information for the pay period ending June 30:     FICA-OASDI applied to the first $106,800 at a rate of 6.2%. FICA-Medicare applied at a rate of 1.45%. FUTA applied to the first $7,000 at a rate of 0.8%. SUTA applied to the first $7,000 at a rate of 5.6%. State income tax is 3.8%. Given the above information, what would be the amount applied to Kitchen Salaries Expense? A) Debit $12,000 B) Credit $12,000 C) Debit $2,000 D) Credit $2,000 FICA-OASDI applied to the first $106,800 at a rate of 6.2%.
FICA-Medicare applied at a rate of 1.45%.
FUTA applied to the first $7,000 at a rate of 0.8%.
SUTA applied to the first $7,000 at a rate of 5.6%.
State income tax is 3.8%.
Given the above information, what would be the amount applied to Kitchen Salaries Expense?


Definitions:

Secondary Circular Reactions

A developmental stage in infants where they repeat actions that affect their environment, showing an early understanding of cause and effect.

Bounded

Being enclosed within specific limits or boundaries.

Unitary

Pertaining to being a single or unified entity without division, often used in different contexts to denote oneness or singleness.

Separation

The process or state of being apart from something or someone, often used to describe the emotional process of detaching from a person, place, or thing.

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