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
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