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Sweetman's Recording Studio Payroll Records Show the Following Information Assume the Following:
A)FICA: OASDI,6

Question 7

Essay

Sweetman's Recording Studio payroll records show the following information:
 Cumulative Earnings  Weekly  Before Payroll  Salary  D. Gordon$20.000950\begin{array}{llcc}&\text { Cumulative Earnings } &\text { Weekly } \\&\underline{\text { Before Payroll }} &\underline{ \text { Salary }} &\\ \text { D. Gordon} &\$20.000&950\\\end{array}

Assume the following:
a)FICA: OASDI,6.2% on a limit of $106,800; Medicare,1.45%
b)Each employee contributes $40 per week for union dues
c)State income tax is 5% of gross pay
d)Federal income tax is 20% of gross pay
Prepare a general journal payroll entry.

Correct Answer:

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\[\begin{array} { l l l }
\text { Salar...

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