Question: if you could label each part that would be great Question# 1-Payroll liabilities: Win-Win company's first weekly pay period of the year ends on January

if you could label each part that would be great

if you could label each part that would be great Question# 1-Payroll

liabilities: Win-Win company's first weekly pay period of the year ends on

January 8. On that date, the column totals in its payroll register

show that sales employees earned $30,000 and office employees earned $20,000 in

Question# 1-Payroll liabilities: Win-Win company's first weekly pay period of the year ends on January 8. On that date, the column totals in its payroll register show that sales employees earned $30,000 and office employees earned $20,000 in salaries. The employees are to have withheld from their salaries FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $9,000 of federal income taxes, $2,000 of medical insurance deductions, and $1,000 of pension contributions. No employee earned more than $7,000 in the first pay period. Required: Part la. Compute FICA-Social Security taxes payable and FICA-Medicare taxes payable. Part 1b. Prepare the journal entry to record Win-Win's January 8 (employee) payroll expenses and liabilities. (Round amounts to cents.) Part 2. Prepare the journal entry to record Win-Win's (employer) payroll taxes resulting from the January 8 payroll. Question# 1-Payroll liabilities: Win-Win company's first weekly pay period of the year ends on January 8. On that date, the column totals in its payroll register show that sales employees earned $30,000 and office employees earned $20,000 in salaries. The employees are to have withheld from their salaries FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $9,000 of federal income taxes, $2,000 of medical insurance deductions, and $1,000 of pension contributions. No employee earned more than $7,000 in the first pay period. Required: Part la. Compute FICA-Social Security taxes payable and FICA-Medicare taxes payable. Part 1b. Prepare the journal entry to record Win-Win's January 8 (employee) payroll expenses and liabilities. (Round amounts to cents.) Part 2. Prepare the journal entry to record Win-Win's (employer) payroll taxes resulting from the January 8 payroll

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