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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 Earnings 1. Al regular rate 2 2. At overtime rate 580,000 2 3. Total earnings Deductions 32.400 4. Social security tax 5. Medicare tax 8.100 135 000 6. Federal income tax withheld 18 900 7 Medical insurance 8. Union dues 9. Total deductions 201. 150 338 850 10. Net amount paid Accounts debited 11 Factory Wages 12 Sales Salanes 285.000 120 000 13. Office Salaries First Question a. Determine the amounts omitted in lines (1). (3), (B), and (12) (1) $ (3) S (8) s (12) $ Journal b. On December 19 journalize the entry to record the Dayroll acca On December 20. journalce the entry to record the payment or the payroll *Refer to the chart of accounts for me exact wording or the account CNOW Omais do not use lines for journal explanations. Every Ane on a journal page is used for onde creditentes Nowoomas automatically indenta crede entry when a credit amount is entered NOE JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST RE DEBIT CREDIT ACETS LLARILITIES BUTY 9 10 11

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