Question
Assume that the payroll record of Riverbed Oil Company provided the following information for the weekly payroll ended November 30,2020. Employee Hours Worked Hourly Pay
Assume that the payroll record of Riverbed Oil Company provided the following information for the weekly payroll ended November 30,2020.
Employee Hours Worked Hourly Pay Rate Federal Income Tax Union Dues Year-to-Date Earnings Through Previous Week
T. king 44 58 442 9 133,900
T. Binion 46 23 97 5 23,200
N.Cole 40 28 148 _ 5,700
C. Hennesey 42 33 230 7 49,500
Additional information: All employees are paid overtime at time and a half for hours worked in excess of 40 per week. The FICA tax rate is 7.65% for the first 132,900 of each employee's annual ear earnings and 1.45% on any earnings over 132,900. The employer pays unemployment taxes of 6.0% (5.4% for state and .6% for federal) on the first 7,000 of each employee's annual earnings.
Prepare the payroll register for the pay period.(Round answers to 2 decimal places, e.g. 15.25)
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