2 The payroll records of a company provided the following data for the current weekly pay period ended March 12 Points 5 Earnings To End of Federal Medical Previous Gross Income Insurance Union United Employees Week Pay Taxes Deduction Dues Way D Hui $15,800 $800 $120 $35 $10 $10 B Kim 16,850 1,100 180 35 10 15 C Sly 12,900 1,440 404 10 40 Assume that the Social Security portion of the FICA taxes is 6 2 on the first $118,500 and the Medicare portion is 1 45 of all wages paid to each employee for this pay period The federal and state unemployment tax rates are 0 8 and 5 4 , respectively, on the first $7,000 paid to each employee Prepare the journal entries to A accrue the payroll and B record payroll taxes expense 35

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2  The payroll records of a company provided the following data for the current weekly pay period ended March 12  Points 5 Earnings To End of Federal Medical Previous Gross Income Insurance Union United Employees Week Pay Taxes Deduction Dues Way D  Hui $15,800 $800 $120 $35 $10 $10 B  Kim 16,850 1,100 180 35 10 15 C  Sly 12,900 1,440 404 10 40 Assume that the Social Security portion of the FICA taxes is 6 2  on the first $118,500 and the Medicare portion is 1 45  of all wages paid to each employee for this pay period  The federal and state unemployment tax rates are 0 8  and 5 4 , respectively, on the first $7,000 paid to each employee  Prepare the journal entries to A  accrue the payroll and B  record payroll taxes expense  35

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2. The payroll records of a company provided the following data for the current weekly pay period ended March 12. Points 5 Earnings To End

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