average quarterly tax payment is $40,000 and biweekly wage payments are $91,250, what is the average amount of funding received through these two accrual accounts? Accrued Wages Accrued Wages $91,250 $45,625 91,250/2 2 wks 4 wks Accrued Taxes Accrued Taxes $40,000 $20,000 40,000/2 1st qtr 2nd qtr THE FOLLOWING SLIDE CONTAINS AN ADDITIONAL PROBLEM WITH CHECK FIGURE FOR YOUR REVIEW Problem: The Jones Corp • If the Jones Corp has an average quarterly tax payment of $80,000 and a biweekly…
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