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