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 $128,400; 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 $128,400; 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 $128,400; 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