Question: OBJ. 2, 3 PR 11-2A Entries for payroll and payroll taxes The following information about the payroll for the week ended December 30 was obtained
OBJ. 2, 3 PR 11-2A Entries for payroll and payroll taxes The following information about the payroll for the week ended December 30 was obtained from the records of Pharrell Co. Deductions: Salaries: $135,975 $402,000 ncome tax withheld Sales salaries 46,620 210,000 Social security tax withheld Warehouse salaries 11,655 Medicare tax withheld Office salaries 165,000 17,094 Retirement savings $777,000 13,986 Group insurance S225.330 Tax rates assumed: Social security, 6% Medicare, 1.5% State unemployment (employer only), 5.4% Federal unemployment (employer only), 0.6%
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