Question
Question 26 options: A company's payroll for the week ended May 15 included earned salaries of $20,000. All of that week's pay is subject to
Question 26 options: A company's payroll for the week ended May 15 included earned salaries of $20,000. All of that week's pay is subject to FICA social security taxes of 6.2% and Medicare taxes of 1.45%. In addition, the company withholds the following amounts for this weekly pay period: $900 for medical insurance, $3,400 for federal income taxes, and $180 for union dues.
Type in how much would be credited to FICA - Social Security Taxes Payable in the entry to record the payroll. Round all answers to the nearest dollar. Be sure to omit any dollar signs ($), commas, and decimals.
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