Prepare a general journal payroll entry for Advanced Computer Programming using the following information:
Assume the following:
a)FICA: OASDI, 6.2% on a limit of $106,800; Medicare, 1.45%
b)Federal income tax is 15% of gross pay
c)Each employee pays $20 per week for medical insurance

Question

Prepare a general journal payroll entry for Advanced Computer Programming using the following information:
  Assume the following:
a)FICA: OASDI, 6.2% on a limit of $106,800; Medicare, 1.45%
b)Federal income tax is 15% of gross pay
c)Each employee pays $20 per week for medical insurance

Quizplus · Accepted Answer

The Answer of Prepare a general journal payroll entry for Advanced Computer Programming using the following information:
  Assume the following:
a)FICA: OASDI, 6.2% on a limit of $106,800; Medicare, 1.45%
b)Federal income tax is 15% of gross pay
c)Each employee pays $20 per week for medical insurance

Prepare a General Journal Payroll Entry for Advanced Computer Programming