Question
Harrison, an employee of SafeAssociates, Inc., has gross salary for March of$4,000. The entire amount is under the OASDI limit of$118,500 and thus subject to
Harrison, an employee of SafeAssociates, Inc., has gross salary for March of$4,000. The entire amount is under the OASDI limit of$118,500 and thus subject to FICA. He is also subject to federal income tax at a rate of18%. Harrison has a deduction of$320 for health insurance and$80 for United Way. Which of the following is included in the entry to record the disbursement of his netpay?
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Financial Reporting And Analysis
Authors: Lawrence Revsine, Daniel Collins
4th Edition
0073527092, 978-0073527093
