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The Betsy Dough Company has 4 employees who are paid on the 1 5 th and 3 0 th of the month. For the 1

The Betsy Dough Company has 4 employees who are paid on the 15th and 30th of the month.
For the 15th total wages were $34,745. Federal withholding on these wages was $$8,625. FICA SS was 6.2% and FICA Medicare withholding was 1.45%. Employees also had $1000 of medical insurance payments withheld.
The company Pays $2,000 per pay period for medical insurance. The company portion of FICA and Medicare is the same as the employees. The Company must also pay $220 per pay period for SUTA.
Prepare *4* journal entries.
Payroll Expense on the 15th
Payment of employee net pay on the 15th
Payment employer payroll expenses
Payment of other payroll liabilities

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