Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

a- Crane Hardware has four employees who are paid on an hourly basis plus time-anda-half for all hours worked in excess of 40 a week

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
a- Crane Hardware has four employees who are paid on an hourly basis plus time-anda-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 $15.00 $59.00 $5.00 Rita Hager 16.00 64.00 5.00 45 Jack Never 47 13.00 60.00 8.00 Sue Perez 46 13.00 62.00 5.00 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%. - 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 answers to 2 decimal places, s. 15.25) MARRIED Persons -WEEKLY Payroll Period (For Wages Paid through December 2022) If the wages are And the number of withholding allowances claimed is 0 0 At least 2 1 3 But less than + S 5 6 78 9 10 The amount of income tax to be withheld is - 1,316 1,327124114105 95 85 75 66 56 463729 1.327 1.338 125 116 106 96 86 77 6757 48 3830 1,338 1,349 127 117 107 97 88 78 6859 59 39 31 1,349 1.360128118 108 99 89 79 70 60 50 41 32 1,360 1.371 129 119 110 100 90 81 71 6152 42 33 1274 4.700 an 111 1101 & S 20 42 3 1,360 1,371 129 119 110 100 90 81 71 61 52 42 33 1,371 1,382 130 121 111 101 92 82 72 63 5343 34 1,382 1,393 132 122 112 103 93 83 74 64 54 45 35 1,393 1,404 133 123 114 104 94 85 75 65 56 46 36 1.404 1.415 134 125 115 105 96 86 76 67 57 47 38 1,415 1.426 136 126 116 107 97 87 78 68 58 49 39 1.426 1.437 137 127 118 108 98 89 79 69 60 50 40 1.437 1.448 138 129 119 109 100 90 80 71 61 51 41 1,448 1.459 140 130 120 111 101 91 82 72 62 52 43 1.459 1,470 141 | 131 | 122112102 93 83 73 64 54 44 1.470 1.481 142 133 123 113 104 94 84 75 65 55 45 1,481 1.492 144 134 124 115 105 95 86 76 66 5647 1.492 1,503 145 135 | 126 | 116 106 97 87 77 67 58 48 0.44/8 0 1.426 1.437 137 127 118 108 98 89 79 69 60 50 40 1,437 1.448 138 129 119 109 100 90 80 71 61 51 41 1,448 1.459 140 130 120 111 101 91 82 72 62 52 43 1.459 1,470 141 131 122 112 102 93 8373 64 54 44 1.470 1.481 142 133 123 113 104 94 84 75 65 55 45 1.481 1,492 144 134 124 115 105 95 86 76 66 56 47 1,492 1,503 145 135 126 116 106 97 87 7767 58 48 1,503 1,514 146 137 127 117 108 98 88 78 69 59 49 1,5141,525 148 138 128 119 10999 89 8070 60 51 88 1.525 1.536 149 139 130 120 110 10191 81 71 62 52 Earnings Employee Hours Regular Overtime Gross Pay Ben Abel 40 $ 600 600 Rita Hager 45 Jack Never 47 Sue Perez 46 520 117 637 Totals $ Payroll Register For the Week Ending March 15, 2022 Deductions FICA Federal Income Tax State Income Tax United 45.9 59 $ 9 48.73 62 ktbook and Media of Accounts 2022 Deductions State Income Tax United Fund Total Net Pa s DACA $ ktbook and Media of Accounts Question 5 of 5 nited Fund Total Net Pay Salaries and Wages Expense TE DIORE A

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Company Accounting

Authors: Ken Leo, Jeffrey Knapp, Susan McGowan, John Sweeting

11th Edition

0730344770, 9780730344773

More Books

Students also viewed these Accounting questions