Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A24 . B C D E F 2 Given Data 3 Use the data below to prepare the payroll register. Hours Worked 80 6 Employee

image text in transcribedimage text in transcribed

A24 . B C D E F 2 Given Data 3 Use the data below to prepare the payroll register. Hours Worked 80 6 Employee Name 7 Mouse, Mickey 8 Maid, Ariel Mer 9 Hawk, Seattle Sea 10 Duck, Donald 11 Dawg, Pluto 12 Carter, Pat 13 Fohn, Jeanette 14 Harris, Nicole Federal Income Tax Withheld $72.00 $271.00 $311.00 $162.00 $166.00 $159.00 $271.00 $271.00 Hourly Rate $12.00 $22.50 $24.50 $17.50 $17.50 $18.00 $22.50 $22.50 Retirement Plan Deduction (% of gross pay) 3.00% 3.00% 0.00% 0.00% 3.00% 3.00% 3.00% 3.00% 78 80 80 15 17 Tax Rates, Employee: 18 Soc. Security Tax Rate: 19 Medicare Tax Rate: Assume that no employees have exceeded 0.062 the Social Security wage base limit for the year. 0.0145 20 IMPORTANT NOTE: The above tax rates are not necessarily the real payroll tax rates in effect during the dates covered by this payroll register. They are used for learning purposes only. START HERE Problem Data Payroll Register + L M N O P Q R 1 Name: 2 Class Hour: Earnings Payroll Register Period: Jan. 1 - Jan. 14, 2019 Deductions FICA: FICA: Federal Retirement Gross Pay Social Medicare | Income Tax Plan Security Tax Tax Employee Name Total Hours Hourly Rate Total Deductions Net Pay Totals: In the space below, make the journal entry to record employee salary expense and withholdings. Use the account "Retirement Plan Payable" for retirement plan deductions. Account Debit Credit START HERE Payroll Register + @ - - + 125%

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_2

Step: 3

blur-text-image_3

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

International Financial Reporting Standards ImplementationA Global Experience

Authors: Mohammad Nurunnabi

1st Edition

1801174415, 9781801174411

More Books

Students also viewed these Accounting questions

Question

How is the NDAA used to shape defense policies indirectly?

Answered: 1 week ago

Question

3. Raster images for screen projects need to be 72 dpi to scale.

Answered: 1 week ago