The following data were provided by the detailed payroll records of Mountain Corporation for the month of March 2011:
Wages .................$35,000
Income Taxes Withheld ..........$7,350
Union dues ..............$175
FICA taxes at a 7.65% rate (no employee has reached the maximum)
Requirements:
a) Prepare the journal entry to record the payroll and the related employee deductions.
b) Prepare the journal entry to record the employers FICA payroll tax expense.