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Sweetman's Recording Studio Payroll Records Show the Following Information

question 95

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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 $117,000;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 $117,000;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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