Question: Problem 11-3A Entries for payroll transactions LO P2, P3 PLEASE HELP! On January 8, the end of the first weekly pay period of the year,
Problem 11-3A Entries for payroll transactions LO P2, P3
PLEASE HELP!
On January 8, the end of the first weekly pay period of the year, Regis Company's payroll register showed that its employees earned $23,760 of office salaries and $60,840 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.20%, FICA Medicare taxes at the rate of 1.45%, $12,660 of federal income taxes, $1,340 of medical insurance deductions, and $940 of union dues. No employee earned more than $7,000 in this first period.


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