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On January 15, the end of the first pay period of the year, North Company's employees earned $35,000 in sales salaries. Withholdings from the employees

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On January 15, the end of the first pay period of the year, North Company's employees earned $35,000 in sales salaries. Withholdings from the employees salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $6,500 of federal income taxes, $772.50 of medical insurance deductions, and 5120 of union dues. No employee earned more than $7,000 in this first period. Finish the journal entry (using the drop-down boxes) by calculating North Company's January 15 salaries expenses and related liabilities. Salaries Expense (Debit) FICA-SS (Credit) Choose 24,930 35,000 507.50 2,170 6,500 120.00 25,000 115.00 772.50 7000 Choose FICA-Med (Credit) Federal Income Tax (Credit) Medical Insurance Payable (Credit) Choose Employee Union Dues (Credit) Choose Salaries Payable (Credit) [ Choose

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