0
ARE Wages an expense to the employer when earned rather than when paid?
Wiki User
∙ 13y ago
Could you rephrase your question/make it clearer? Thanks
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What are taxing wages?
Taxing wages would have to be wages that you have worked for and earned by providing services for an employer.
What account shows the total gross earnings that the employer incurs as an expense each payday?
Wages expense
Can you sue your father for not paying you your legally earned wages?
If your father is not paying you your legally earned wages, you can sue him as you would any other employer. For more information, it is suggested you speak with an attorney.
Is Wage expense an account that is used for wages earned but not yet paid?
When using the accrual method of accounting, expenses are recognized when they're incurred, rather than when they are paid. Consequently, wage expense (or almost any expense, for that matter) is recognized in the period during which it was incurred, in this case, when it was earned by the employee.Depending on the manner in which people are paid, on any given balance sheet date (usually the last day of each month), there may be wages earned, but which won't be paid until the beginning of the next month, i.e. the next pay date. Therefore, at the end of the month, we "accrue" the unpaid wages to recognize the expense incurred. This ensures the expense is reported in the proper period.A similar concept applies to revenues using the accrual basis of accounting.
How do you deduct wages earned but not paid?
If the wages were not paid to you, then you didn't pay any taxes on them. You already got your deduction, you can't have a second one. If you are saying that your employer put wages on your W-2 that he didn't pay you, then ask your employer for a corrected W-2.
Is wages expense an operating expense?
yes
Can a Ca employer hold an employees wages?
There are situations where a California employer can hold an employee's wages. If the employee's wages are being garnished the employer can hold them.
Is wages due debit or credit?
wages is expense and expense is debit salary is income and income is credit
What is the jounal entry to after-the-fact payroll where all taxes have been paid?
Debit - Payroll (Wages) - for the amount of the total gross wages. Debit - Payroll Tax Expense - for the amount of the EMPLOYER taxes. Credit - Cash
For Illinois Workers Compensation is the employer required to pay the wages of an employee to attend a doctor appointment?
If a Section 12 independent medical exam is requested by the employer, travel expense is supposed to be advanced before attending the exam. If a worker also has a lost day's wages to attend the exam or 1/2 a day's wages lost, then the workers comp act provides for reimbursement of the lost wages or partial lost wages. An employer is not required to pay lost wages to attend a treating doctor's visit appointment. That is normally to be scheduled for off work hours.
How to get unpaid wages from employer?
If your employer has not paid you, you can file a complaint with the Better Business Bureau about the unpaid wages.
Is wages expense credit or debit?
Debit, debit increasing wages
