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 $117,000;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 $117,000;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 $117,000;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