Employees are paid 80,0000 in gross pay this week. Federal income Tax withholding is 16,000. FICA...
Employees are paid 80,0000 in gross pay this week. Federal income Tax withholding is 16,000. FICA Tax Withholding is 6,120. union dues withholding is 800.00. assuming these are the only deductions from pay , what is the transaction for this week's payroll the debit and credits
Homework Answers
| Date | Account title | Debit | credit |
| salaries and wage expense | 80000 | ||
| Federal income Tax withholding payable | 16000 | ||
| FICA Tax Withholding payable | 6120 | ||
| union dues withholding payable | 800 | ||
| salaries and wage payable | 57080 | ||
| [being employee payroll for the week recorded] |
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