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What percentage of basic wages an employer has to pay the employee during lay off period?

0.5


What is journal entry of outstanding wages?

Outstanding wages are those wages that have been earned in one acctg period but will not be paid until the next. This happens when a payroll period crosses months. Under the accrual basis of accounting, such wages must be accrued in the period earned regardless that they are paid in a subsequent period.


The entry to adjust the accounts for wages accrued at the end of the accounting period is?

wages expense and wages payable


Are wages period costs?

yes


What is the adjusting entry for wages posted twice?

Outstanding wages are those wages that have been earned in one acctg period but will not be paid until the next. This happens when a payroll period crosses months. Under the accrual basis of... entry is wages expenses are credit and outstanding wages are credit.


Can you work for NO WAGES and still receive unemployment benefits?

If there are no wages during the base period in which that state uses, then you would not be eligible for benefits. Each state utilizes a different method. I can tell you that regardless of what state it is, $0=no benefits.


What factors led to the ultimate lack of success of the union movement during the period 1877 - 1900?

Long working hours, bad working conditions and low wages were some of the factors that led to the ultimate lack of success of the union movement during the period 1877-1900.


Does your employer report your 401k payment to unemployment?

If your state requires 401K payments figured in with your wages or income received during your benefits period, then yes, otherwise I think not.


What is cost labor?

The cost of wages paid to workers during an accounting period on daily, weekly, monthly, or jobs basis,plus payroll and related taxes and benefits.


What is the labor cost?

The cost of wages paid to workers during an accounting period on daily, weekly, monthly, or jobs basis,plus payroll and related taxes and benefits.


Which IRS publication defines a payroll period as that period of service for which you usually pay wages?

circular D


What is a Period when business activity slows and wages fall?

Economic depression.(: