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Exhibit 6-1 The totals from the first payroll of the year are shown below. Total Earnings FICA OASDI FICA HI FIT W/H State Tax Union
Exhibit 6-1 The totals from the first payroll of the year are shown below.
Total Earnings | FICA OASDI | FICA HI | FIT W/H | State Tax | Union Dues | Net Pay |
$36,195.10 | $2,244.10 | $524.83 | $6,515.00 | $361.95 | $500.00 | $26,049.22 |
Refer to Exhibit 6-1. Journalize the entry to record the employer's payroll taxes (assume a SUTA rate of 3.7%).
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