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11 Waterway 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.
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Waterway 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. Employee Hours Worked Hourly Rate Federal Income Tax Withholdings United Fund Ben Abel 40 $13.00 $59.00 $5.00 42 Rita Hager 16.00 500 64.00 8.00 13.00 60.00 45 Jack Never 45 62.00 Sue Perez 5.00 13.00 Abel and Hager are married. They claim 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% Journalize the deposit in a Federal Reserve Bank on March 31, 2022. of the FICA and federal contres payable to the powerment (Round answers to 2 decimal places, 1525. Credit account files are automatically indented when amount Hiented. Do not indent manual Date Account Titles and Explanation Debit Credit Mar 31 Step by Step Solution
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