Selected data from a February payroll register for Crane Company are presented below. Some amounts are...

Transcribed Image Text:

Selected data from a February payroll register for Crane Company are presented below. Some amounts are intentionally omitted. Gross earnings: State income taxes $(3) Regular $6,000 Union dues 110 Overtime (1) Total deductions (4) Total (2) Net pay $7,725 Deductions Account debited: FICA taxes $765 Salaries and wages expense (5) Federal income taxes 1,000 The 7.65% FICA tax rate consists of the Social Security tax rate of 6.2% on salaries and wages up to $128,400 and the Medicare tax rate of 1.45% on all salaries and wages. State income taxes are 4% of gross earnings. Fill in the missing amounts. (Round answers to O decimal places, e.g. 125.) Gross earnings: Regular Overtime Total Deductions FICA taxes Federal income taxes eTextbook and Media List of Accounts State income taxes $ $6,000 Union dues (1) Total deductions (2) Net pay Account debited: $765 Salaries and wages expense 1,000 110 $7,725 Journalize the February payroll and the payment of the payroll. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to O decimal places, e.g. 5,275.) (3) (4) (5) Selected data from a February payroll register for Crane Company are presented below. Some amounts are intentionally omitted. Gross earnings: State income taxes $(3) Regular $6,000 Union dues 110 Overtime (1) Total deductions (4) Total (2) Net pay $7,725 Deductions Account debited: FICA taxes $765 Salaries and wages expense (5) Federal income taxes 1,000 The 7.65% FICA tax rate consists of the Social Security tax rate of 6.2% on salaries and wages up to $128,400 and the Medicare tax rate of 1.45% on all salaries and wages. State income taxes are 4% of gross earnings. Fill in the missing amounts. (Round answers to O decimal places, e.g. 125.) Gross earnings: Regular Overtime Total Deductions FICA taxes Federal income taxes eTextbook and Media List of Accounts State income taxes $ $6,000 Union dues (1) Total deductions (2) Net pay Account debited: $765 Salaries and wages expense 1,000 110 $7,725 Journalize the February payroll and the payment of the payroll. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to O decimal places, e.g. 5,275.) (3) (4) (5)