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What is the journal entry for salary?

Step 1: Record payroll expenses include anything payroll-related that you paid during the accounting period. Because they are paid amounts, you increase the expense account. Expenses increase with debits. Debit the wages, salaries, and company payroll taxes you paid.

How do you record adjusting entries for salary?

Make the adjusting journal entries. Debit salaries expense and credit salaries payable to record the accrued salaries. Salaries expense is an income-statement account that reduces the net income for the period. Salaries payable is a balance-sheet short-term liabilities account.

Can someone be paid more for doing the same job?

Equal pay is your entitlement to the same wage as someone doing work of equal value to you, the same or broadly similar work as you or work rated as of equivalent value by a job evaluation study. Women are sometimes paid less than men for doing the same work.

Is it legal to pay someone more for the same job?

You are entitled to the same pay as anyone doing the same or broadly similar job, or a job of equal value, regardless of gender. There are strict time limits on when you can lodge a claim. If your employer is not treating you equally, they are breaking the law.

Is it illegal to pay someone less for doing the same job?

Pay/compensation discrimination occurs when employees performing substantially equal work do not receive the same pay for their work. It is job content and not job titles that determine whether jobs are substantially equal. Discrimination can occur due to sex or race, which are both prohibited under federal law.

Can 2 employees doing the same job be paid differently?

When Two Workers Doing the Same Job Earn Different Pay. There may be legitimate reasons for the pay disparity. But sometimes, there may not be, and a salary analysis may be advisable. Not only that, there could be legal issues involved, so an HR department's response needs to be well-considered.

Can you sue your employer for unequal pay?

Sue (file a lawsuit against) your employer for pay discrimination. Under the federal Equal Pay Act and the California Fair Pay Act, you can go straight to court. You are not required to first file a charge with a government agency.

What would happen if everyone got paid the same amount?

While it would raise some objections, extra profits could go to the government. No one would have to pay taxes, and the government could run some well-funded social programs. All produced wealth could go toward providing health services, parks, roads and schools.

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