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content area top Part 1 Paul, an employee of Omega Electric, Inc., has gross salary for March of $ 3 comma 900. The entire amount
content area top Part 1 Paul, an employee of Omega Electric, Inc., has gross salary for March of $ 3 comma 900. The entire amount is under the OASDI limit of $ 118 comma 500 and thus subject to FICA tax. He is also subject to federal income tax at a rate of 8%. Paul has a deduction of $ 390 for health insurance and $ 5 for United Way. Prepare the journal entries. Omit explanation. (Round all amounts to the nearest cent. Record debits first, then credits.)
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