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1 Question 13 of 13 View Policies Current Attempt in Progress The following is a payroll sheet for Sage Imports for the month of September.
1 Question 13 of 13 View Policies Current Attempt in Progress The following is a payroll sheet for Sage Imports for the month of September. The company is allowed a 1% unemployment compensation rate by the state; the federal unemployment tax rate is 0.8% and the maximum for both is $7,000. Assume a 10% federal income tax rate for all employees and a 7.65% FICA tax on employee and employer on a maximum of $106,800. In addition, 1.45% is charged both employer and employee for an employee's wages in excess of $106.800 per employee. (a) Complete the payroll sheet. (Round answers to 2 decimal places, e.g. 15.26.) Complete the payroll sheet. (Round answers to 2 decimal places, eg. 15.26.) Earnings to Aug. 31 September Earnings Income Tax Withholding Name $75,000 $13,000 Jerry Kaye LA $ Jessie Randle 104.000 19,000 Javier White 5.900 800 Jeremy Taggle 122.000 20.000 John Jay 43.300 7.300 Joan Short 3.900 1.300 Total GA UA $ Complete the payroll sheet. (Round answers to 2 decimal places, eg. 15.26.) Unemployment Tax Income Tax Withholding FICA State Federal $ $ $ $ $ Make the necessary entry to record the payment of the payroll. (Round answers to 2 decimal places, eg. 15.26. If no required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically inde amount is entered. Do not indent manually.) Debit Credit Account Titles and Explanation Save for Later Attempts: 0 of 1 used
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