8/30 Amos ask you to issue check #1019 to Joe Slowe for the net amount...
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Accounting
8/30 Amos ask you to issue check #1019 to Joe Slowe for the net amount owed him for time that he worked this past week. Joe worked 20 hours. Amos is required to withhold the following from Joe's pay: federal income taxes at a rate of 15%, state income taxes at a rate of 6% and FICA taxes at a rate of 7.65%. (Round to the nearest dollar). You must also record a journal entry for the employer's payroll taxes. This includes FICA tax of 7.65% and Federal Unemployment Insurance of 6.00%.
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