Sweetman's Recording Studio Payroll Records Show the Following Information Assume the Following:
A)FICA: OASDI,6
Essay
Sweetman's Recording Studio payroll records show the following information:
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:

Verified
\[\begin{array} { l l l }
\text { Salar...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
\text { Salar...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q3: The payment of FUTA would include:<br>A)a credit
Q4: What is the purpose of Form 8109?<br>A)Used
Q5: Estimate the annual advance premium for
Q8: Which of the following does not apply
Q9: Information to prepare W-2 forms can be
Q10: The journal entry to record the
Q12: Different deposit rules apply to employers based
Q43: The information needed to make the journal
Q79: If Wages and Salaries Payable is debited,what
Q82: The payroll tax expense is recorded at