Other accrued liabilities—payroll. The following summary data for the payroll period
ended on December 31, 2004, are available for Visquel and Associates

Gross pay 200,000
FICA tax withholdings ?
Income tax withholdings 22,500
Medical insurance contributions 2,150
Union dues 650
Total deductions 40,600
Net pay ?
Required:
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.