complete general journal entries for the employee and employer side, payment of wages, accrual of vacation time, and payment of tax liabilities.

Students must include the mandatory withholdings. Use 6.2 percent for Social Security and

1.45 percent for Medicare for each employee.

employees are paid on a weekly basis on Friday.

This project will focus on payroll for the dates ending 01/15/20 and 01/24/2020.

Assume that the employees have no cumulative earnings prior to these payroll periods.

All employees earn 3 hours of vacation each pay period.

For all voluntary benefits, there is a 50/50 cost sharing agreement.

For FUTA, use .08 of the first $7,000 of each employee. For SUTA, use 5.4% of the first $8,500 of each employee.

L M N R S T U w Medicare Social State Tax Tax Security Tax Percentage Percentage 6:20% 1.45% 4.00% Benefits and the Deductions Over Time Pay Gross Social Earnings Security Tax Medicare Tax Insurance State Tax Deduction (Dollars) 401(k) Dependedan Union t Education Accident Deduction Insurance Fund Total Deduction Fodral W/H $0.00 $680.00 $0.00 $612.00 $0.00 $665.00 $0.00 $570.00 $0.00 $663.00 $204.00 $867.00 $0.00 $720.00 $0.00 $640.00 $360,00 $952.00 $270.00 $972.00 $7,341.00 $42.16 $9.86 $37.94 $8.87 $41.23 $9.64 $35.34 $8.27 $41.11 $9.61 $53.75 $12,57 $44.64 $10.44 $39.68 $9.28 $59.02 $13.80 $60.26 $14.09 $455.14 $106.44 $27.20 $24.48 $26.60 $22.80 $26.52 $34.68 $28.80 $25.60 $38.08 $38,88 $294.64 $0.00 $20.00 $8.00 $21.00 $0.00 $0.00 $37.00 $10.00 $0.00 $15.00 $111.00 $0.00 $14.00 $12.00 $12.00 $0.00 $15.00 $15.00 $0.00 $15.00 $10.00 $93.00 $0.00 $0.00 $5.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.00 $0.00 $0.00 $0.00 $5.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.00 $0.00 $0.00 $0.00 $7.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $7.00 $0.00 $34.00 $25.00 $45.00 50.00 $15.00 $52.00 $10.00 $15.00 $25.00 $221.00 $70,00 $31.00 $21.00 $21.00 $68.00 $97.00 $18.00 $56.00 $61.00 $86.00 $529.00 SE A Today's Date : November 16 2020 Employee Employee Name ID Hourly Wage Filing Status Payment Metod Federal Allowance Regular Hours Worked Vacation Hours Sick Hours Overtime Hours Regular Time Pay 1 2 3 Applie, Suzie Banana, Tim Catalope, Cheri Dill, Sadie Eggplant Bill Fort, Kyle Gould, Matt Hamm, Mason Igloo, Alice Jasper Alex 17.00 17.00 19.00 15.00 17.00 17.00 18.00 16.00 16.00 18.00 5 6 7 8 9 10 Single married Married Married Head of Household Single Married Single Married Single hourly Hourly Salary Salary Hourly Hourly Salary Hourly Hourly Hourly 0 1 3 3 0 0 4 1 37 33 32 35 36 36 37 37 34 36 Total | GOOOOOO $680.00 $612.00 $665.00 $570.00 $663.00 $663.00 $720.00 $640.00 $592.00 $702.00 15 10