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Ankel Footwear employees three salespeople, and pays time-and-a-half for overtime. Weekly paychecks are distributed on the Tuesday following the last day of the week (Saturday).

Ankel Footwear employees three salespeople, and pays time-and-a-half for overtime. Weekly paychecks are distributed on the Tuesday following the last day of the week (Saturday). Ankel withholds income tax (20%), FICAOASDI (6.2%), and FICAMedicare (1.45%). Ankel also pays payroll taxes for FICAOASDI (6.2%), FICAMedicare (1.45%), and state and federal unemployment (5.4% and 0.6% respectively). The payroll data for the three salespeople for the week ended March 31 follows:

Name

Straight

Time Rate

Hours

Worked

Beginning

Cumulative Earnings

Jimmy Chew

$ 15

46

$ 420

Manny Blanik

17

50

540

Alexa King

22

38

480

Requirements

4. Record the payroll entries Ankel makes for each of the following:

a. Wage expense related to the three employees on Saturday, March 31.

b. Employer payroll taxes related to the three employees.

c. Payment of all payroll taxes (employee and employer related) on April 3.

d. Payment of wages on Tuesday, April 3.

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