FICA calculation and prepare journal entries.

Problem 7 1215/2014 Payroll Hohn YTD last pay date s 117,500 s 113,000 s 54,000 s 4,000 This period 122,500 117,000 61,000 S 12,000 FICA Rate 7.65% or 0765 base S117,000 Federal Inc Tax Union Dues State Inc Tax 4% Health Insurance City Inc Tax 1% Pension/401(K) FICA Rate MATCH ABOVE FUTA Tax $7,000 .8% or .008 base SUTA Tax $7,000 5.4% base WORK COMP Health Insurance 10% Pension /401(K) FICA Calculation Date Accoun Debit Credit Page 5 of 6