Examlex

Solved

Use This Information to Answer the Following Question The Amount of Liabilities Relating to Payroll,other Than Salaries Payable,is

question 89

Multiple Choice

Use this information to answer the following question. The following totals for the month of November were taken from the payroll register of Levine Company:
Salaries expense $12,000 Social security and Medicare taxes withheld 550 Income taxes withheld2,500 Medical insurance deductions 250 Life insurance deductions200 Salaries subiect to federal and state unemployment taxes of 6.2 percent 4,000\begin{array}{llr} \text {Salaries expense } &\$12,000\\ \text { Social security and Medicare taxes withheld } &550\\ \text { Income taxes withheld} &2,500\\ \text { Medical insurance deductions } &250\\ \text { Life insurance deductions} &200\\ \text { Salaries subiect to federal and state unemployment taxes of 6.2 percent } &4,000\\\end{array}

The amount of liabilities relating to payroll,other than Salaries Payable,is


Definitions:

Finished Goods

Products that have completed the manufacturing process but have not yet been sold to customers.

Related Questions