Monty corporations weekly payroll of 34000 included fica, Accounting Basics

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Monty corporations weekly payroll of 34000 included fica

Problem

Monty Corporation's weekly payroll of $34,000 included FICA taxes withheld of $2, 601, federal taxes withheld of $3, 140, state taxes withheld of $970, and insurance premiums withheld of $270. Prepare the journal entry to record Monty's payroll.

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Accounting Basics: Monty corporations weekly payroll of 34000 included fica

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Accounting Basics: Monty corporations weekly payroll of 34000 included fica

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