QUESTION 3

1. David works for Bank of America and in 2017 had gross earnings of $145,000.
   His 2017 payroll deductions are:
   Social Security	???
   Medicare	???
   FIT	8,500
   SIT	4,500
   Retirement	2,600
   Charity	1,500
   Medical	2,500
   Please prepare the journal entry to account for the payroll
   in the Diagonal Box.
   Additional Information
   2017 threshold is $127,200
   Social Security rate is 6.20%
   Medicare rate is 1.45%