The following summary data for the payroll period ended on July 14, 2021, are available for Brac

Question:

The following summary data for the payroll period ended on July 14, 2021, are available for Brac Construction Ltd:


Required:
a. Calculate the missing amounts and then determine the FICA tax withholding percentage.
b. Use the horizontal model (or write the journal entry) to show the effects of the payroll accrual.

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