The amount the company should have withheld from

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In Oregon, employers who are covered by the state worker's compensation law withhold employee contributions from the wages of covered employees at the rate of 2.8 for each hour or part of an hour that the worker is employed. Every covered employer is also assessed 2.8 per hour for each worker employed for each hour or part of an hour. The employer ,employee contributions for workers' compensation are collected monthly, quarterly, or annually by the employer's insurance carrier, according to a schedule agreed upon by the employer and the carrier.

The insurance carrier remits the contributions to the state's Workers' Compensation Department.
Umber Company, a covered employer in Oregon, turns over the employer employee workers' compensation contributions to its insurance carrier by the 15th of each month for the preceding month. During the month of July, the number of full time employee hours worked by the company's employees was 26,110; the number of part time employee hours was 3,490.

a. The amount the company should have withheld from its full and part time employees during the month of July for workers' compensation insurance is $

b. The title you would give to the general ledger account to which the amount withheld from the employee's earnings would be credited is:

c. Journalize the entry on July 31 to record the employer's liability for worker's compensation insurance for the month.

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Reference no: EM13913522

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