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1. Morgan works for Addidas Company. For the month ended January 31, he earned $5,800.. FICA taxes are 7.65%, state income taxes to be withheld

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1. Morgan works for Addidas Company. For the month ended January 31, he earned $5,800.. FICA taxes are 7.65%, state income taxes to be withheld totaled $150. Federal income taxes withheld totaled $340. His health insurance is $18.00, and he contributes 7% of his gross pay into his retirement account. a. Prepare the journal entry to record Morgan's earnings. 2. Addidas Co. had total payroll of $125,000 for the month ending March 31. The FICA rate is 7.65%, federal unemployment tax is 5.4% and state unemployment rate is .8%. ** Assume total payroll is subject to federal and state unemployment taxes. Journalize Addidas Co.'s payroll tax expenses. 3. The register tape of Rouxdy Co. indicated sales of $28,950. Assuming a sales tax rate of 8.75%, journalize their sales. 4. Madison Co. signed a $15,000 5%, 9-month note payable at State Bank on Sept. 1. Prepare journal entries for the following dates: September 1, December 31, and the retirement of the

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