Yellow Company pays its office employee payroll weekly. Below is a partial list of employees and their payroll data for June. Vacation pay for June is also listed. Employee Earnings to May 31 Weekly Pay Vacation Pay to Be Received in June Mark James $45,600 $2,000 $4,000 Anna Carey 65,000 3,200 Joseph Black 2,000 610 Christina Peng 26,000 960 1,920

Assume that the federal income tax withheld is 12% of wages. Union dues withheld are 1% of wages. Vacations are taken the second and third weeks of June by James and Peng. The state unemployment tax rate is 2.5% and the federal is 0.8%, both on a $7,000 maximum. The FICA rate is 7.65% on employee and employer on a maximum of $128,400 per employee. In addition, a 1.45% rate is charged both employer and employee for an employees wages in excess of $128,400.

Instructions

Make the journal entries necessary for each of the four June payrolls. The entries for the payroll and for the companys liability are made separately. Also make the entry to record the monthly payment of accrued payroll liabilities on June 30.

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