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Instructions The following information about the payroll for the week ended December 30 was obtained from the records of Pharrell Co Salaries: Sales salaries
Instructions The following information about the payroll for the week ended December 30 was obtained from the records of Pharrell Co Salaries: Sales salaries $402,000 Warehouse salaries 210,000 Office salaries 165,000 $777,000 Deductions: Federal income tax withheld $135,975 Social security tax withheld 46,620 Medicare tax withheld 11,655 Retirement savings 17,094 Group insurance 13,986 $225,330 Tax rates assumed: Social security Medicare 6% 1.5%
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