Answered step by step
Verified Expert Solution
Question
1 Approved Answer
BAC 101 Anthony Giordano : 12/01/20 8:06 PM Homework: Week 13 Homework - Chapter 11 Save Score: 0 of 2 pts 8 of 10 (8
BAC 101 Anthony Giordano : 12/01/20 8:06 PM Homework: Week 13 Homework - Chapter 11 Save Score: 0 of 2 pts 8 of 10 (8 complete) HW Score: 60%, 15 of 25 pts X EF11-20 (similar to) Question Help Park Company had the following partially completed payroll register: (Click the icon to view the partial payroll register.) (Click the icon to view payroll tax rate information.) Read the requirements Requirement 1. Complete the payroll register. Round to two decimals. (Round all amounts to the nearest cent. Abbreviations used: Beg, = Beginning; Cum. = Cumulative; Eam. = Eamings; Exp. = Expense; Med. = Medicare; Ins. = Insurance With. = Withholdings; Chk = Check.) Earnings Withholdings i More Info Salaries Beg Current Ending and Cum. Period Cum. Total Chk Net Pay Wages Exp. Earn. Earn Eam. OASDI Med. With No. For all payroll calculations, use the following tax rates and round amounts to the nearest cent Employee: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45% up to $200,000, 2.35% on earrings above $200,000. Employer: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45%; FUTA: 0.6% on first $7,000 earned: SUTA: 5.4% on first $7,000 earned. Income Health United Tax Ins. Way $ 1,472 $ 92 $ 5 2,625 150 25 992 62 S 78,000 $4,600 129,000 7,500 52.000 3,100 62.000 4,100 0 6,000 B01 802 803 804 82 30 1,435 2.100 Print 120 B05 Done S 321,000 $ 25,300 $ 8,624 $ 506 $ 60 Enter any number in the edit fields and then click Check
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started