Problem 17 4 Recording Payment of the Payroll Denardo's Country Store pays its employees on a biweekly basis This week the payroll is $2,000 You issued for $1,487 in payment of the payroll less the following amounts Employees' Federal Income Tax, $320 Employees' State Income Tax, $40 Social Security Tax, $124 and Medicare Tax, $29 1 Record the payroll in the cash payments journal Cash Payments Journal General Date Account Name Debit Credit Accounts Payable Debit Purchases Discounts Credit Cash In Bank Credit July 15 2 Calculate the total deductions from employees' wages for federal, state, social security, and Medicare taxes What percentage of gross payroll is this amount Total Deductions

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Problem 17 4 Recording Payment of the Payroll Denardo's Country Store pays its employees on a biweekly basis  This week the payroll is $2,000  You issued for $1,487 in payment of the payroll less the following amounts  Employees' Federal Income Tax, $320  Employees' State Income Tax, $40  Social Security Tax, $124  and Medicare Tax, $29  1  Record the payroll in the cash payments journal  Cash Payments Journal General Date Account Name Debit Credit Accounts Payable Debit Purchases Discounts Credit Cash In Bank Credit July 15 2  Calculate the total deductions from employees' wages for federal, state, social security, and Medicare taxes  What percentage of gross payroll is this amount  Total Deductions

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Problem 17-4 Recording Payment of the Payroll Denardo's Country Store pays its employees on a biweekly basis. This week the payroll is $2,000. You issued

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