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Brac Construction, Ltd.

Accrued liabilities-payroll. The following summary data for the payroll period ended on November 14, 2003, are available for Brac Construction, Ltd.:

Gross pay ??????
FICA tax with holdings ??????
Income tax withholdings 13,760
Medical insurance contributions 1,120
Union dues 640
Total deductions 21,640
Net pay 58,360

a. Calculate the missing amounts and then determine the FICA tax withholding percentage.
b. Use the horizontal model (or write the journal entry) to show the effects of the payroll accrual.

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Gross pay ??????
FICA tax with holdings ??????
Income tax withholdings 13,760
Medical insurance contributions 1,120
Union dues 640
Total deductions 21,640
Net pay 58,360

a. Calculate the missing ...

$2.19