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Assume that the social security tax rate is 6% and the Medicare tax rate is 1.5%. In the following summary of data for a payroll

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Assume that the social security tax rate is 6% and the Medicare tax rate is 1.5%. In the following summary of data for a payroll period, some amounts have been Intentionally omitted: 7 $60,500 Earnings: 1. At regular rate 2. At overtime rate 3. Total earnings Deductions: 4. Social security tax 7 24,180 5. Medicare tax 6,045 6. Federal income tax withheld 102,900 7. Medical insurance 13,900 7 8. Union dues 9. Total deductions 149,000 254,000 10. Net amount paid Accounts debited: 213,600 11. Factory Wages ? 12. Sales Salaries 80,600 13 Office Salaries Medicare Tax Payable jon Employees Federal Income Tax Payable Medical Insurance Payable Union Dues Payable Salaries Payable ll Feedback c. Journalize the entry to record the payment of the payroll. If an amount box does not require an entry, leave it blank Salaries Payable Cash

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