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

question 84

Essay

An employer has an employee benefit package that includes employer-paid health insurance and an employer-paid retirement program.During January,the employer-paid health insurance equaled $7,500 and the amount the employer agreed to contribute to the employee retirement program was 10% of the employees' $150,000 gross salaries.Prepare the general journal entry to record these employee benefits.

---

Definitions:

Communication Linkages

The channels and methods through which information is exchanged within an organization or between organizations.

Bureaucratic Organization

A type of organizational structure characterized by strict procedures, hierarchical relationships, and detailed rules and guidelines to ensure consistency and control.

Rational Structure

An organizational design that emphasizes a well-defined hierarchy, clear roles, and formal procedures and guidelines.

Formal Authority

Refers to the power granted to an individual or a position through organizational structures and official job descriptions.