Accounting Howto Question
James Howard
howardjp@glue.umd.edu
Mon, 24 Jun 2002 12:10:46 -0400
On Monday, June 24, 2002, at 10:21 , Jack McKinney wrote:
>
> Account Comment
> ------- ---
> Income.My Employer Debit Gross Pay
> Expense.Federal Income Tax Uncle Sam's extortion money
> Expense.Medicare Uncle Sam's extortion money
> Expense.Medical My portion of medical insurance
> Expense.Legal My employer offers legal advice
> services
> Assets.Social Security Track how much Uncle Sam owes YOU!
> Assets.ESPP My employer offers employee stock
> purchase
> Assets.Medical Pretax My employer has a flex spending plan.
> Assets.Cash in Checking My Net Pay
>
>
My paychecks only list three amounts: FICA, Federal, and state
(Maryland). How can
I break these up into the relevant taxes, etc, so I can see how much I
am paying into
Social Security?
Jamie