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Summary Payroll Data In the following summary of data for a payroll period, some amounts...

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Accounting

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Summary Payroll Data In the following summary of data for a payroll period, some amounts have been intentionally omitted: Earnings: 1. At regular rate ? 2. At overtime rate $80,000 3. Total earnings ? Deductions: 4. Social security tax 5. Medicare tax 6. Income tax withheld (32,400) (8,100) (135,000) (18,900) ? 7. Medical insurance 8. Union dues 9. Total deductions (201,150) $338,850 10. Net amount paid Accounts debited: 11. Factory Wages 285,000 12. Sales Salaries ? 13. Office Salaries 120,000 a. Calculate the amounts omitted in lines (1), (3), (8), and (12). Assume that the social security tax rate was 60% and the Medicare a few 1.3 (1) (3) (8) b. Journalize the entry to record the payroll accrual. If an amount box does not require an entraven

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