Answer:
The Journal entry is as follows:
Sales salary expense A/c Dr. $35,000
To FICA social security tax $2,170
To FICA medicare tax $507.50
To federal income tax $6,500
To medical insurance deduction $772.50
To union dues $120
To sales salaries payable $24,930
(To record the employee payroll for the period)
Notes:
FICA social security tax = $35,000 × 6.2%
= $2,170
FICA medicare tax = $35,000 × 1.45%
= $507.50
