axel inc s its employees free medical, dental and...
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Accounting
axel inc
s its employees free medical, dental and life insurance coverage. It also matches employee to a voluntary retirement 13. Axel Inc offe contributions the relevant wage base appropriate journal plan dollar for dollar. Assume that no employee's wages exceed Payroll information for the payroll period ending January 15 are below. Make the s. entries in good form to record the payroll. Wages and salaries Employee contributions to voluntary retirement plan Medical Insurance premiums paid by employer Dental Insurance premiums paid by employer Life Insurance premiuims paid by employer Federal and state income tax withheld FICA rate Federal and state unemployment tax rate $ 2,750,000.00 $ 130,000.00 $ 50,000.00 $ 17,500.00 8,750.00 $ 540,000.00 7.65% 6.20%
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