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Takei Company's Payroll for the Week Ending January 15 Amounted

Question 96

Essay

Takei Company's payroll for the week ending January 15 amounted to $367,000 for salaries and wages. None of the employees has reached the earnings limits specified for federal or state employer payroll taxes. The following deductions were withheld from employees' salaries and wages:  Federal Income Tax $75,000 State Income Tax 13,500 FICA Taxes 28,075 Union Dues 4,100 United Fund Contributions 2,700\begin{array}{lr}\text { Federal Income Tax } & \$ 75,000 \\\text { State Income Tax } & 13,500 \\\text { FICA Taxes } & 28,075 \\\text { Union Dues } & 4,100 \\\text { United Fund Contributions } & 2,700\end{array} Instructions
Prepare the journal entry to record the weekly payroll ending January 15.

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