The totals from the first payroll of the year are shown below. Total Earnings FICA OASDI FICA HI FIT W/H State Tax Union Dues Net Pay $36,195.10 $2,244.10 $524.83 $6,515.00 $361.95 $500.00 $26,049.22 Journalize the entry to deposit the FICA and FIT taxes. For a compound transaction, if an amount box does not require an entry, leave it blank. Round your answers to two decimal places.
The totals from the first payroll of the year are shown below. Total Earnings FICA OASDI FICA HI FIT W/H State Tax Union Dues Net Pay $36,195.10 $2,244.10 $524.83 $6,515.00 $361.95 $500.00 $26,049.22 Journalize the entry to deposit the FICA and FIT taxes. For a compound transaction, if an amount box does not require an entry, leave it blank. Round your answers to two decimal places.
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 2EA: Consider the following accounts and determine if the account is a current liability, a noncurrent...
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The totals from the first payroll of the year are shown below. | |||||||||||||
Total Earnings |
FICA OASDI |
FICA HI |
FIT W/H |
State Tax |
Union Dues |
Net Pay |
|||||||
$36,195.10 | $2,244.10 | $524.83 | $6,515.00 | $361.95 | $500.00 | $26,049.22 | |||||||
Journalize the entry to deposit the FICA and FIT taxes.
For a compound transaction, if an amount box does not require an entry, leave it blank. Round your answers to two decimal places.
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