The following summary data for the payroll period ended on April 10, 2015, are available for Brac Construction Ltd.:

Gross pay	$	?
FICA tax withholdings		?
Income tax withholdings		11,353
Medical insurance contributions		1,152
Union dues		760
Total deductions		18,497
Net pay		49,893

Required:

a. Calculate the missing amounts and then determine the FICA tax withholding percentage. (Round FICA tax withholding percentage to 2 decimal places.)

Gross pay
FICA tax withholdings
FICA tax withholdings percentage		%

b-1. Use the horizontal model to show the effects of the payroll accrual. (Use amounts with + for increases and amounts with for decreases.)

Balance Sheet

Income Statement

Assets

=

Liabilities

+

Stockholders Equity

Net Income

=

Revenues

Expenses

=

+

=

=

+

=

b

Journal entry worksheet

• Record the accrued payroll.

Note: Enter debits before credits.