Accounting: What the Numbers Mean 11th Edition by Wayne McManus,Daniel Viele,David Marshall

Exercise 31

Other accrued liabilities-payroll The following summary data for the payroll period ended on April 10, 2015, are available for Brac Construction Ltd.:

Required:
a. Calculate the missing amounts and then determine the FICA tax withholding percentage.
b. Use the horizontal model (or write the journal entry) to show the effects of the payroll accrual.