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PR 11-2A Entries for payroll and payroll taxes The following information about the tained from the records of Qualitech Co. oB1.2,3 payroll for the week
PR 11-2A Entries for payroll and payroll taxes The following information about the tained from the records of Qualitech Co. oB1.2,3 payroll for the week ended December 30 was ob- Salaries: Deductions: Sales salaries Warehouse salaries Office salaries 5350,000 180,000 145,000 5,000 Income tax withheld Social security tax withheld Medicare tax withheld US, savings bonds Group insurance $118,800 40,500 10,125 14,850 12.150 $196,425 Tax rates assumed: Social security, 6% Medicare, 1.5% State unemployment (employer only), 5.4% Federal unemployment (employer only), 08%
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