Marissas Sushi has the following data for the weekly payroll ending January 31: Employees are paid 112
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Marissa’s Sushi has the following data for the weekly payroll ending January 31:
Employees are paid 11â„2 times the regular hourly rate for all hours worked in excess of 40 hours per week. FICA taxes are 8 percent on the first $87,900 of gross earnings. Marissa’s Sushi is subject to 5.4 percent state unemployment taxes on the first $9,800 and 0.8 percent federal unemployment taxes on the first $7,000 of gross earnings.
(a) Prepare the payroll register for the weekly payroll.
(b) Prepare the journal entries to record the payroll and Marissa’s payroll taxexpense.
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Related Book For
Hospitality Financial Accounting
ISBN: 978-0470083604
2nd Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Agnes L.
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