4 QS 9-7 (Static) Recording employee payroll taxes LO P2
points
On January 15, the end of the first pay period of the year, North Company's employees earned $35,000 of sales salaries.
Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate
of 1.45%, $6,500 of federal income taxes, $772.50 of medical insurance deductions, and $120 of union dues. No employee
earned more than $7,000 in this first period.
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Prepare the journal entry to record North Company's January 15 salaries expense and related liabilities. (Round your answers to
2 decimal places.)
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Journal entry worksheet
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Record the employee payroll for period.
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