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i only need the second picture On January 15, the end of the first pay period of the year, North Company's employees earned $26,000 of
i only need the second picture
On January 15, the end of the first pay period of the year, North Company's employees earned $26,000 of sales salaries Withholdings from the employees salaries include FICA Social Security taxes at the rate of 62% FICA Medicare taxes at the rate of 145%, $3,000 of federal income taxes, $549 of medical insurance deductions, and $170 of union dues No employee earned more than $7.000 in this first period Prepare the journal entry to record North Company's January 15 salaries expense and related liabilities Merger Company has 10 employees, each of whom earns $2,300 per month and has been employed since January 1, FICA Social Security taxes are 6.2% of the first $137,700 paid to each employee, and FICA Medicare taxes are 145% of gross pay, FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to each employee Prepare the March 31 journal entry to record the March payroll taxes expense (Round your answers to 2 decimal places.) Step by Step Solution
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