Mobile Sales Has Five Sales Employees That Receive Weekly Paychecks

Essay

Mobile Sales has five sales employees that receive weekly paychecks. Each earns $11.50 per hour and each has worked 40 hours in the pay period. Each employee pays 12% of gross in federal income tax, 3% in state income tax, 6.0% of gross in social security tax, 1.5% of gross in Medicare tax, and 0.5% in state disability insurance. Journalize the pay period ending January 19 that will be paid to the employees January 26.