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Assume that the payroll records of Ayayal Oil Company provided the following information for the weekly payroll ended November 30, 2020. Employee Hours Worked Hourly
Assume that the payroll records of Ayayal 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 T.King 44 $45 $442 $9 T. Binion 46 10 97 5 N.Cole 40 15 148 C. Hennesey 42 20 230 Year-to-Date Earnings Through Previous Week $133,900 23.200 5,700 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 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.) Total Earnings AYAYAI OIL C Payroll Re For the Week Ending N Employee Hours Regular Overtime Gross Pay T.King 44 $ T.Binion. 46 N.Cole 40 CHennesey 42 $ $ AYAYAI OIL COMPANY Payroll Register For the Week Ending November 30, 2020 Deductions Gross Pay FICA Federal Income Taxes Union $ DIL COMPANY Il Register ing November 30, 2020 Deductions FICA Federal Income Taxes Union Net Pay $ $ $ $ $ Date Account Titles and Explanation Debit Credit Nov. 30 Nov. 30 (To record weekly payroll) (To record employer's payroll taxes)
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