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Prepare a General Journal Payroll Entry for Advanced Computer Programming

Question 29

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Prepare a general journal payroll entry for Advanced Computer Programming using the following information: Prepare a general journal payroll entry for Advanced Computer Programming using the following information: Assume the following: a) FICA: OASDI, 6.2% on a limit of $128,400; Medicare, 1.45%. b) Federal income tax is 15% of gross pay. c) Each employee pays $20 per week for medical insurance. Assume the following:
a) FICA: OASDI, 6.2% on a limit of $128,400; Medicare, 1.45%.
b) Federal income tax is 15% of gross pay.
c) Each employee pays $20 per week for medical insurance.

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