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FICA taxes are 7.65%. State income taxes are 4% of gross earnings. (a) Fill in the missing amounts. (Round answers to 0 decimal places,
FICA taxes are 7.65%. State income taxes are 4% of gross earnings. (a) Fill in the missing amounts. (Round answers to 0 decimal places, e.g. 125.) Gross earnings: Regular Overtime Total Deductions FICA taxes SA State income taxes $9,100 Union dues (1) Total deductions (2) Net pay $990 Federal income 1,140 taxes Account debited: Salaries and wages expense SA 57 170 (3) $10,123 (4) (5)
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
11th Edition
111856667X, 978-1118566671
