Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bonita Hardware has four employees who are paid on an hourly basis plus time-and-a-half for all hours worked in excess of 40 a week. Payroll

image text in transcribed
image text in transcribed
image text in transcribed
Bonita Hardware has four employees who are paid on an hourly basis plus time-and-a-half for all hours worked in excess of 40 a week. Payroll data for the weekended March 15, 2022, are presented below. Employee Hours Worked Hourly Rate Federal Income Tax Withholdings United Fund Ben Abel 40 $15.00 $59.00 $5.00 Rita Hager 40 16.00 64.00 5.00 Jack Never 44 13.00 60.00 8.00 Sue Perez 46 13.00 62.00 5.00 Abel and Hager are married. They claim 0 and 4 withholding allowances.respectively. The following tax rates are applicable: FICA 7.65%, state income taxes 3%, state unemployment taxes 5,4%, and federal unemployment 0.6%. Prepare a payroll register for the weekly payroll. No employee has reached the Social Security limit of $132,900 or the FUTA/SUTA limit of $7,000. (Round answers to 2 decimal places, eg, 15.25.) MARRIED Persons ---WEEKLY Payroll Period (For Wages Paid through December 2022) If the wages And the number of withholding allowances claimed is - are 0 1 2 2 3 4 5 5 6 7 7 B 8 At least 9 10 But less than The amount of income tax to be withheld is - 1,316 1,327 124114 | 105 95 85 75 66 56 46 37 29 1,327 1.338 125116 106 96 86 77 67 57 48 38 30 1.338 1,349 127117107 97 88 78 68 59 49 39 31 1.349 1.360 128 118108 99 89 79 70 60 50 41 32 Earnings Employee Hours Regular Overtime Gross Pay Ben Abel 40 600 $ 600 Rita Hager 40 640 0 640 Jack Never 44 Sue Perez 46 I Totals $

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

Strategic Business Management From Planning To Performance

Authors: Gary Cokins

1st Edition

1937352358, 978-1937352356

More Books

Students also viewed these Accounting questions

Question

Describe support functions that are typically provided by CAM.

Answered: 1 week ago