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Question - Dooley Publishing has the following payroll data for its July 1 pay date:
Date
Account Title
Account Number
Debit
Credit
July 1
Wages and salaries expense
522
$182,930.00
Federal withholding tax payable
220
$?
Social Security tax payable
221
10,517.12
Medicare tax payable
222
2,459.65
401(k) contributions payable
223
6,402.55
Health Insurance payable
224
13,299.01
Union Dues payable
227
4,573.25
Wages and salaries payable
226
113,562.94
Cash
101
Required - How much Federal withholding tax was deducted from employees' pay?
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