Sweetman's Recording Studio payroll records show the following information:
$\begin{array}{llcc}
&\text { Cumulative Earnings } &\text { Weekly } \
&\underline{\text { Before Payroll }} &\underline{ \text { Salary }} &\
\text { D. Gordon} &\$20.000&950\

\end{array}$

Assume the following:
a)FICA: OASDI,6.2% on a limit of $106,800; Medicare,1.45%
b)Each employee contributes $40 per week for union dues
c)State income tax is 5% of gross pay
d)Federal income tax is 20% of gross pay
Prepare a general journal payroll entry.

Question

Sweetman's Recording Studio payroll records show the following information:
$\begin{array}{llcc}
&\text { Cumulative Earnings } &\text { Weekly }   \
&\underline{\text { Before Payroll  }} &\underline{ \text { Salary }} &\
 \text {  D. Gordon} &\$20.000&950\

\end{array}$

Assume the following:
a)FICA: OASDI,6.2% on a limit of $106,800; Medicare,1.45%
b)Each employee contributes $40 per week for union dues
c)State income tax is 5% of gross pay
d)Federal income tax is 20% of gross pay
Prepare a general journal payroll entry.

Quizplus · Accepted Answer

The Answer of Sweetman's Recording Studio payroll records show the following information:
$\begin{array}{llcc}
&\text { Cumulative Earnings } &\text { Weekly }   \
&\underline{\text { Before Payroll  }} &\underline{ \text { Salary }} &\
 \text {  D. Gordon} &\$20.000&950\

\end{array}$

Assume the following:
a)FICA: OASDI,6.2% on a limit of $106,800; Medicare,1.45%
b)Each employee contributes $40 per week for union dues
c)State income tax is 5% of gross pay
d)Federal income tax is 20% of gross pay
Prepare a general journal payroll entry.

Sweetman's Recording Studio Payroll Records Show the Following Information Assume the Following: A)FICA: OASDI,6

Sweetman's Recording Studio Payroll Records Show the Following Information Assume the Following:
A)FICA: OASDI,6