Summary Payroll Data

Assume that the social security tax rate is 6% and the Medicare tax rate is 1.5%. In the following summary of data for a payroll period, some amounts have been intentionally omitted:

Earnings:
	1. At regular rate	?
	2. At overtime rate	$75,800
	3. Total earnings	?
Deductions:
	4. Social security tax	30,300
	5. Medicare tax	7,575
	6. Federal income tax withheld	128,900
	7. Medical insurance	17,400
	8. Union dues	?
	9. Total deductions	187,000
	10. Net amount paid	318,000
Accounts debited:
	11. Factory Wages	267,700
	12. Sales Salaries	?
	13. Office Salaries	101,000

a. Determine the amounts omitted in lines (1), (3), (8), and (12).

(1)	$ ?
(3)	$ ?
(8)	$ ?
(12)	$ ?

b. Journalize the entry to record the payroll accrual. If an amount box does not require an entry, leave it blank.

	Factory Wages Expense	?	?
	Sales Salaries Expense	?	?
	Office Salaries Expense	?	?
	Social Security Tax Payable	?	?
	Medicare Tax Payable	?	?
	Employees Federal Income Tax Payable	?	?
	Medical Insurance Payable	?	?
	Union Dues Payable	?	?
	Salaries Payable	?	?

c. Journalize the entry to record the payment of the payroll. If an amount box does not require an entry, leave it blank.

	Salaries Payable	?	?
	Cash	?	?