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A company has 90 employees and a weekly payroll of $117,000.The FICA-Social Security tax is 6.2% and the FICA-Medicare tax is 1.45%.The total withholding for federal income tax is $16,500 for the current week.Calculate the amount of FICA taxes owed (assume no employee's salary is over the FICA limit) and prepare the journal entry to accrue this week's salaries expense and withholdings.
Coleoptera
An order of insects known as beetles, characterized by their hard forewings (elytra) which cover the hind wings.
Arachnids
Land-dwelling arthropods with no antennae and four pairs of walking legs; spiders, scorpions, mites, and ticks.
Earthworms
Invertebrate animals belonging to the phylum Annelida, known for their role in aerating the soil and enhancing soil fertility.
Crop Yields
The measure of productivity of a crop within a specific area, often influenced by factors like weather conditions, soil quality, and farming practices.
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