A partial summary of the payroll data for Burrington Manufacturing Company for each week of June is
Question:
a. Compute the missing amounts in the summary, assuming that no employees have reached the $100,000 FICA maximum.
b. For each payroll period, prepare journal entries to
(1) Record the payroll and
(2) Record the payments toemployees.
Transcribed Image Text:
June 7 June 14 June 21 June 28 36,500 34200 37,300 38,400 Gross earnings Deductions: FICA tax, 8% Tax-sheltered annuity . . . . 1,825 Income tax 4,215 Health insurance.... S? S? 1,780 4,120 600 1,855 4,320 600 1,870 4,410 600 600 Total deductions. S7 S? Net earnings $7
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a June 7 June 14 June 21 June 28 FICA tax 2920 2736 2984 3072 Total deductions 9560 9236 9759 ...View the full answer
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