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Sweetman's Recording Studio Payroll Records Show the Following Information

Question 3

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Sweetman's Recording Studio payroll records show the following information:
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. 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.

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