ASSISTANCE WITH WORKSHEET

Module6.xlsx

Required

	Before you begin, print out all the pages in this workbook.
	Franny's Fabric Coporation started operations on January 1, 2020. Various payroll transactions of Franny's occurred during January and February 2020. Click on "Transactions" tab at bottom of this page to view these.
	Required:
	1	On the printed "Worksheet" page, journalize the transactions the information from the "Transactions" page.

January	Transactions
15	Paid an employee S. Moore net salary for January 1-15. Gross salary for the period is $1,500. Deductions from gross pay are as follows:
	The company matches employee's FICA tax deductions and company pension and health insurance contributions 1 to 1.
	Employee income taxes	15.0%
	FICA Social Security & Medicare taxes	7.7%
	Company pension plan	10.0%
	Company health insurance	5.0%
31	Paid employee S. Moore net salary for January 16-31. Gross salary for the period is $2,000.
	Deductions from the gross pay are as follows:
	Employee income taxes	15.0%
	FICA Social Security & Medicare taxes	7.7%
	Company pension plan	10.0%
	Company health insurance	5.0%
February
15	Paid payroll deductions for January.