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Can you please show how you got the answer. Thank you CALCULATOR PRINTER VERSION BACH xercise 11-11 a-b (Part Level Submission) Waterway Company has the
Can you please show how you got the answer. Thank you
CALCULATOR PRINTER VERSION BACH xercise 11-11 a-b (Part Level Submission) Waterway Company has the following data for the weekly payroll ending January 31. Hours Tax withholding Health Insurance Employee L. Helton R. Kenseth D. Tavaras Hourly M T W T F S Rate 97 98 11 2 $12 8 8 7 8 B 4 9 10 8 8 9 0 Employees are paid 1.5 times the regular hourly rate for all hours worked in excess of 40 hours per week. FICA taxes are 7.65% on the first $127.200 of gross earnings Waterway Company is subject to 5.4% state unemployment taxes and federalnemployment taxes on the first $2.000 of gross earnings. (a) Prepare the payroll register for the weekly payroll (Round answers to 2 decimal places... 1525.) WATERWAY COMPANY Payroll Register For the Week Ending January 31 Earnings Regular Overtime Total Gross Pay Net Pay FICA Taxes Federal Income Taxes Health Insurance L. Helton R Kenseth D. Tavaras Totals Click if you would like to show Work for this question: Open Show Work (b) Prepare the journal entries to record the payroll and Waterway's payroll tax expense. (Credit account i places, e.g. 15.25.) Debit Credit Date Account Titles and Explanation Jan. 31 (To record payroll) Jan. 31 (To record payroll tax expense.)Step by Step Solution
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