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Answer the following question given the information. about Russs employee payroll for the month. Assume she will pay the cash on the 1st of next
Answer the following question given the information. about Russs employee payroll for the month. Assume she will pay the cash on the 1st of next month.
Employee | Gross Wage | FICA Rate | FIT Rate | SIT Rate | Union Due Withheld rate |
Emily | 5,000 | 7.65% | 15% | 4% | 3% |
Mike | 8,000 | 7.65% | 15% | 4% | 3% |
Carol | 6,000 | 7.65% | 15% | 4% | 3% |
Employer federal and state unemployment insurance rates are 3% and 4% of the gross wages, respectively.
What is the amount that would be recorded for (in total) for FICA Payable?
(enter your answer as a positive number if it is a debit, and as a negative, if the entry would be a credit. Enter your answer rounded to the nearest whole number)
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