Mann Hardware has four employees who are paid on an hourly basis plus time-and-a half for all hours worked in excess of 40 a week. Payroll data for the week ended March 15, 2022, are presented below.

Abel and Hager are married. They claim O and 4 withholding allowances, respectively. The following tax rates are applicable: FICA 7.65%, state income taxes 3%, state unemployment taxes 5.4%, and federal unemployment 0.6%.

Instructions
a. Prepare a payroll register for the weekly payroll. No employee has reached the Social Security limit of $132,900 or the FUTA/SUTA limit of $7,000. (Round to the nearest cent.)
b. Journalize the payroll on March 15, 2022, and the accrual of employer payroll taxes.
c. Journalize the payment of the payroll on March 16, 2022.
d. Journalize the deposit in a Federal Reserve bank on March 31, 2022, of the FICA and federal income taxes payable to the government.

Transcribed Image Text:

Employee Ben Abel Rita Hager Jack Never Sue Perez Hours Worked 40 42 44 46 Hourly Rate $15.00 16.00 13.00 13.00 Federal Income Tax Withholdings $ 59.00 64.00 60.00 61.00 United Fund $5.00 5.00 8.00 5.00