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Assume a weekly payroll of $35,000 entirely subject to F.I.C.A. and Medicare (7.65%), federal (0.8%) and state (4%) unemployment taxes, with income tax withholding of
Assume a weekly payroll of $35,000 entirely subject to F.I.C.A. and Medicare (7.65%), federal (0.8%) and state (4%) unemployment taxes, with income tax withholding of $3,850 and union dues of $945 deducted.
Required: Provide the journal entry that would document the payment of net wages to the employees.
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