On January 15, the end of the first pay period of the year, North Company's employees earned $30,000 of 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% $3,000 of federal income taxes, $484 of medical insurance deductions, and $260 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 Sped View transaction list Journal entry worksheet Record the employee payroll for period. Accounts payable Bonus payable Note: Enter det Cost of goods sold Date Deferred income tax liability Jan 15 Earned services revenue Debit Credit Adicken 59 Lenny Florita, an unmarried employee, works 45 hours in the week ended January 12. His pay rate is $14 per hour, and his wages have deductions for FICA Social Security, FICA Medicare, and federal income taxes. He claims three withholding allowances. Compute his regular pay, overtime pay (Lenny earns $21.00 per hour for each hour over 40 per week), and gross pay. Then compute his FICA tax deduction (6.2% for the Social Security portion and 1.45% for the Medicare portion), income tax deduction (use the wage bracket withholding table from Exhibit 11A6), total deductions, and net pay. (Round your intermediate calculations and final answers to 2 decimal places.) Skipped Hourly Rate Hours Regular pay Overtime pay Gross pay FICA-Social Security tax deduction FICA Medicare tax deduction Income tax deduction Total deductions Net pay