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Current Liabilities The employees of Pinehurst Company earned wages of $80,000 during the month of June. The following were withholdings related to these salaries: $5,000

Current Liabilities

The employees of Pinehurst Company earned wages of $80,000 during the month of June. The following were withholdings related to these salaries: $5,000 for Social Security (FICA), $3,000 for state income tax, and $7,700 for federal income tax. Additional employer-paid FICA taxes are $5,450.

June 30 _____ ______ _____
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