Alvamar Company has the following data for the weekly payroll ending January 31 Employees are paid 112
Question:
Alvamar Company has the following data for the weekly payroll ending January 31
Employees are paid 11⁄2 times the regular hourly rate for all hours worked in excess of 40 hours per week. FICA taxes are 8% on the first $100,000 of gross earnings. Alvamar Company is subject to 5.4% state unemployment taxes and 0.8% federal unemployment taxes on the first $7,000 of gross earnings.
Instructions
(a) Prepare the payroll register for the weekly payroll.
(b) Prepare the journal entries to record the payroll and Alvamar’s payroll tax expense.
Federal Income Tax Withholding Hours Health Insurance Hourly Rate Employee M. Hashmi E. Benson K. Kern M т т 3 8. 10 2 $34 37 $12 13 $10 25 8. 8. 8. 8. 15 9. 10 8. 9. 58 25 en 2 O
Step by Step Answer:
a ALVAMAR COMPANY Payroll Register For the Week Ending January 31 Earnings Deductions Employee Total ...View the full answer
Accounting Principles
ISBN: 9780471980193
8th Edition
Authors: Jerry J Weygandt, Donald E Kieso, Paul D Kimmel
Related Video
A journal entry is an act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company\'s debit and credit balances. The journal entry can consist of several recordings, each of which is either a debit or a credit
Students also viewed these Accounting questions
-
Alvarez Company has the following data for the weekly payroll ending January 31. Employees are paid 1 times the regular hourly rate for all hours worked in excess of 40 hours per week. FICA taxes are...
-
Piniella Company has the following data for the weekly payroll ending January 31. Employees are paid 112 times the regular hourly rate for all hours worked in excess of 40 hours per week. FICA taxes...
-
Welstead Company has the following data for the weekly payroll ending January 31. Employees are paid 112 times the regular hourly rate for all hours worked in excess of 40 hours per week. FICA taxes...
-
A solid homogeneous disk 900 mm in diameter with a mass of 140 kg is rolled up 20 incline by a force of 1000 N, applied parallel to the plane. Assuming no slipping. determine the speed of the disk...
-
In the special report, "Bitter Pill: Why Medical Bills Are Killing Us" (TIME, Vol. 181, No. 8, 2013), S. Brill presented an in-depth investigation of hospital billing practices that reveals why U.S....
-
From your own experience, describe a situation you were involved in where the conflict was dysfunctional. Describe another example, from your experience, where the conflict was functional.
-
The internal auditors of Brown Electrical Company report to the controller. Due to changes made in the past year to several of the transaction processing programs, the internal auditors created a new...
-
Ten weeks of data on the Commodity Futures Index are: 7.35 7.40 7.55 7.56 7.60 7.52 7. 52 7.70 7.62 7.55 a. Construct a time series plot. What type of pattern exists in the data? b. Use trial and...
-
Director's salary 2 In the manufacture of the device 3 used electricity phone cost ICleaning supply Imaterials (factory) 4 Wages of assembly shop workers 5 'The cost of the billboard is 6 7 8 the...
-
Rayleigh density is given as: ("c" is a real constant) f(x)=[x / c ] exp(-x / (2 c)) u(x) where u(x) is unit-step function The kurtosis of a distribution is often measured by means of quantity B =...
-
Employee earnings records for Medenciy Company reveal the following gross earnings for four employees through the pay period of December 15. C. Ogle .... $93,500 D. Delgado . $96,100 L. Jeter .......
-
Selected data from a February payroll register for Gerfield Company are presented below. Some amounts are intentionally omitted FICA taxes are 8%. State income taxes are 3% of gross...
-
NASA provides these duration times (in minutes) of all flights of the space shuttle Challenger: 7224, 8784, 8709, 11,476, 10,060, 11,844, 10,089, 11,445, 10,125, 1.Why does it not make sense to...
-
1. What are the business practices of failed mergers and acquisitions in the beverage industry in line with the significant money wastage and the new regulations? 2. What are the general and specific...
-
1. Langerhans cells, which play a role in defense against microbes, are located in the a. epidermis. b. dermis. c. hypodermis. d. subcutaneous layer. 2. The papillary layer of the skin is part of the...
-
In 2018, Apple hit $1 trillion in market capitalization, a value that was much greater than Amazon's market cap despite Amazon having a much higher stock share price. In 2020, Apple was the first to...
-
Please summarize in one paragraph and explain what could have been done differently? Party City to Pay $155,000 to Settle EEOC Disability Discrimination Lawsuit National Retailer's Nashua Store...
-
13. The discipline addressing issues associated with the choice and application of drugs to be used for disease prevention, treatment, and/or diagnosis is a. pharmacotherapeutics. b. toxicology. c....
-
What type of numerical data contains only a finite number of results? a. Continuous b. Discrete c. Interval d. Ratio
-
A 20-cm-square vertical plate is heated to a temperature of 30oC and submerged in glycerin at 10oC. Calculate the heat lost from both sides of the plate.
-
Determine whether or not the region bounded by the curves is vertically simple and/or horizontally simple. y = x 2 , x = y 2
-
Why may a trial balance not contain up-to-date and complete financial information?
-
Depreciation is a valuation process that results in the reporting of the fair market value of the asset. Do you agree? Explain.
-
Explain the differences between depreciation expense and accumulated depreciation.
-
Your answer is partially correct. Prepare the adjusting entry at December 31, 2020, to record subscription revenue earned in December 2020. (Credit account titles are automatically indented when the...
-
11. A user forgets to type one of the zeros in one of the steps during creating general ledger reconciliation accounts for accounts receivable, sale revenue, and sales discounts. Then receives error...
-
Required information Skip to question [The following information applies to the questions displayed below.] Drs. Glenn Feltham and David Ambrose began operations of their physical therapy clinic,...
Study smarter with the SolutionInn App