1 2 Employee Susie Sue Data Entry Clerk 4 points 3 4 Pay Period Dates: June 8 - 21st 10 work days 5 6 Hours 80 7 Overtime Hours 8 5.75 Federal Law requires any hours above 40 in a single week (80 hours in 2 weeks) must be paid time-and-a-half. 9 Hourly Rate $14.37 10 Federal Tax Rate 10% 11 12 13 14 15 Virginia Tax Rate Year-To-Date (YTD 5.75% on cummulative, gross income over $17,000. 5% Rate for cummulative, gross Income between $5000 - $17,000. Cummulative, gross income is the year-to-date (YTD) wages of an employee, NOT a single $10,800 16 Instructions: Compute the following boxes for a 2 week (10 day) work period. 17 Gross Wages SS Tax Medicare Tax Virginia State Taxes Federal Tax Net Wages 18 19 20 21 22 Employee Albert Ale Chief Financial Officer 6 points 23 24 Pay Period Dates: June 8 - 21st 10 work days 25 26 Salaried $20,000 every 2 weeks (10 work days) 27 Federal Tax Rate 28 Virginia Tax Rate 29 30 31 32 Year-To-Date (YTD 28% 5.75% on cummulative, gross income over $17,000. 5% Rate for cummulative, gross Income between $5000 - $17,000. Cummulative, gross income is the year-to-date wages of an employee, NOT a single paycheck $140,000 33 Instructions: Compute the following boxes for a 2 week (10 day) work period. Gross Wages SS Tax Medicare Tax Virginia State Taxes Federal Tax Net Wages 34 35 36 37 38 Please write the COMBINED Employee Journal Entry for Susie & Albert Ale. 1 point Please write the COMBINED Employer Journal Entry for Susie and Albert Ale. 1 point