Exhibit 6-1
The totals from thefirstpayroll of the year are shown below.
|
Total Earnings |
FICA OASDI |
FICA HI |
FIT W/H |
State Tax |
Union Dues |
Net Pay |
| $36,195.10 | $2,244.10 | $524.83 | $6,515.00 | $361.95 | $500.00 |
$26,049.22 |
Refer to Exhibit 6-1. Journalize the adjustment for accrued wages for the following Monday, which is the end of the accounting period. The gross payroll for that day is $7,475.
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