Computing earnings, determining deductions and net amount due, prepar. ing payroll register, journalizing payroll transactions. Barbara Merino operates Merino Consulting Services. She has four employees and pays them on an hourly basis. During the week ended November 12, 2019, her employees worked the number of hours shown below. Information about their hourly rates, marital status, withholding allowances, and cumulative earnings for the year prior to the current pay period also appears below. Problem 10.30 Objectives 10-2 10-3, 10-4, 10-5 Hours Worked Regular Hourly Rate Employee Marital Status Withholding Allowances Cumulative Earnings Kathryn Allen Calvin Cooke Maria Vasquez Hollie Visage $10.50 10.25 29.75 32.75 $26,565 25,933 75,268 82,858 NON uz INSTRUCTIONS 1. Enter the basic payroll information for each employee in a payroll register. Record the employee's name, number of withholding allowances, marital status, total hours, overtime hours, and regu- lar hourly rate. Consider any hours worked beyond 40 in the week as overtime hours. 2. Compute the regular earnings, overtime premium, and gross earnings for each employee. Enter the figures in the payroll register. 3. Compute the amount of social security tax to be withheld from each employee's gross earn- ings. Assume a 6.2 percent social security rate on the first $122,700 earned by the employee during the year. Enter the figures in the payroll register. 4. Compute the amount of Medicare tax to be withheld from each employee's gross earnings. Assume a 1.45 percent Medicare tax rate on all earnings paid during the year. Enter the fig- ures in the payroll register. 5. Use the tax tables in Figure 10.2 to determine the federal income tax to be withheld. Federal income tax to be withheld from Vasquez's pay is $192 and from Visage's pay is $267. Enter the figures in the payroll register. 6. Compute the net amount due each employee and enter the figures in the payroll register 7. Complete the payroll register. Allen and Cooke are office workers. Earnings for Vasquez and Visage are charged to consulting wages. 8. Prepare a general journal entry to record the payroll for the week ended November 12, 2019. Use the account titles given in this chapter. Use journal page 32. 9. Prepare the general journal entry to summarize payment of amounts due employees on November 15, 2019. Analyze: What total deductions were taken from employee paychecks for the pay period ended November 12? Computing earnings, determining deductions and net amount due, prepar ing payroll register, Journalizing payroll transactions. Barbara Merino operates Merino Consulting Services. She has four employees and pays them on an hourly basis. During the week ended November 12, 2019. her employees worked the number of hours shown below. Information about their hourly rates, marital status, withholding allowances, and cumulative earnings for the year prior to the current pay period also appears below. Problem 10.30 Objectives 10-2, 10-3, 10-4, 10-5 Employee Hours Worked Hourly Rate Marital Status Withholding Allowances Cumulative Earnings Kathryn Allen Calvin Cooke Maria Vasquez Hollie Visage $10.50 10.25 29.75 32.75 NANG $26,565 25,933 75,268 82,858 INSTRUCTIONS 1. Enter the basic payroll information for each employee in a payroll register. Record the employee's name, number of withholding allowances, marital status, total hours, overtime hours, and regu lar hourly rate. Consider any hours worked beyond 40 in the week as overtime hours. 2. Compute the regular earnings, overtime premium, and gross earnings for each employee. Enter the figures in the payroll register. 3. Compute the amount of social security tax to be withheld from each employee's gross earn ings. Assume a 6,2 percent social security rate on the first $122.700 earned by the employee during the year. Enter the figures in the payroll register. Compute the amount of Medicare tax to be withheld from each employee's gross earnings. Assume a 1.45 percent Medicare tax rate on all earnings paid during the year. Enter the fig. ures in the payroll register. 5. Use the tax tables in Figure 10.2 to determine the federal income tax to be withheld. Federal income tax to be withheld from Vasquez's pay is $192 and from Visage's pay is $267. Enter the figures in the payroll register. 6. Compute the net amount due each employee and enter the figures in the payroll register. 7. Complete the payroll register. Allen and Cooke are office workers. Earnings for Vasquez and Visage are charged to consulting wages. 8. Prepare a general journal entry to record the payroll for the week ended November 12, 2019. Use the account titles given in this chapter. Use journal page 32. 9. Prepare the general journal entry to summarize payment of amounts due employees on November 15, 2019. Analyze: What total deductions were taken from employee paychecks for the pay period ended November 12? Comnuting gross earnings determining deductions and net amount due, Problem 10.40 00000000000000000000000000000000000000000000000000000000000000000000 000000000000000000000000000000 "* 9 9 * RAREX NARRR RRRR 9300 holding ati And the number of w SINGLE Persons-WEEKLY Payroll Period Bless the wages At least SOOOO OOOOO DOORNARE O R ARR RRRR 999 8305 3353 85838 NNE O P EN 2019 288 ZAR FRA 88994 953 33538 53385 SRORE 38SRR 88888 88888 88888 88888 88888 88888 88888 88888 88888 88888 88888 88888 38389 88888 88888 88888 88888 88888 88888 88888 88888 88888 88888 88888 88888 88888 88888 0000000000000000000000000000000000000000000000000000000000000000 000000000000000000000000 2 920 CR SR RRRRRRRRR 50300 holding And the number of w MARRIED Persons--WEEKLY Payroll Period If the wages are 80000 0000 0000 000- R M **90 DE PORN ARE RRERA XSS 0 235 38533 90000 SOOS NAAR NED 2990 PS ZANR RRER FR999 99935 93953 95338 GRRR Computing earnings, determining deductions and net amount due, prepar. ing payroll register, journalizing payroll transactions. Barbara Merino operates Merino Consulting Services. She has four employees and pays them on an hourly basis. During the week ended November 12, 2019, her employees worked the number of hours shown below. Information about their hourly rates, marital status, withholding allowances, and cumulative earnings for the year prior to the current pay period also appears below. Problem 10.30 Objectives 10-2 10-3, 10-4, 10-5 Hours Worked Regular Hourly Rate Employee Marital Status Withholding Allowances Cumulative Earnings Kathryn Allen Calvin Cooke Maria Vasquez Hollie Visage $10.50 10.25 29.75 32.75 $26,565 25,933 75,268 82,858 NON uz INSTRUCTIONS 1. Enter the basic payroll information for each employee in a payroll register. Record the employee's name, number of withholding allowances, marital status, total hours, overtime hours, and regu- lar hourly rate. Consider any hours worked beyond 40 in the week as overtime hours. 2. Compute the regular earnings, overtime premium, and gross earnings for each employee. Enter the figures in the payroll register. 3. Compute the amount of social security tax to be withheld from each employee's gross earn- ings. Assume a 6.2 percent social security rate on the first $122,700 earned by the employee during the year. Enter the figures in the payroll register. 4. Compute the amount of Medicare tax to be withheld from each employee's gross earnings. Assume a 1.45 percent Medicare tax rate on all earnings paid during the year. Enter the fig- ures in the payroll register. 5. Use the tax tables in Figure 10.2 to determine the federal income tax to be withheld. Federal income tax to be withheld from Vasquez's pay is $192 and from Visage's pay is $267. Enter the figures in the payroll register. 6. Compute the net amount due each employee and enter the figures in the payroll register 7. Complete the payroll register. Allen and Cooke are office workers. Earnings for Vasquez and Visage are charged to consulting wages. 8. Prepare a general journal entry to record the payroll for the week ended November 12, 2019. Use the account titles given in this chapter. Use journal page 32. 9. Prepare the general journal entry to summarize payment of amounts due employees on November 15, 2019. Analyze: What total deductions were taken from employee paychecks for the pay period ended November 12? Computing earnings, determining deductions and net amount due, prepar ing payroll register, Journalizing payroll transactions. Barbara Merino operates Merino Consulting Services. She has four employees and pays them on an hourly basis. During the week ended November 12, 2019. her employees worked the number of hours shown below. Information about their hourly rates, marital status, withholding allowances, and cumulative earnings for the year prior to the current pay period also appears below. Problem 10.30 Objectives 10-2, 10-3, 10-4, 10-5 Employee Hours Worked Hourly Rate Marital Status Withholding Allowances Cumulative Earnings Kathryn Allen Calvin Cooke Maria Vasquez Hollie Visage $10.50 10.25 29.75 32.75 NANG $26,565 25,933 75,268 82,858 INSTRUCTIONS 1. Enter the basic payroll information for each employee in a payroll register. Record the employee's name, number of withholding allowances, marital status, total hours, overtime hours, and regu lar hourly rate. Consider any hours worked beyond 40 in the week as overtime hours. 2. Compute the regular earnings, overtime premium, and gross earnings for each employee. Enter the figures in the payroll register. 3. Compute the amount of social security tax to be withheld from each employee's gross earn ings. Assume a 6,2 percent social security rate on the first $122.700 earned by the employee during the year. Enter the figures in the payroll register. Compute the amount of Medicare tax to be withheld from each employee's gross earnings. Assume a 1.45 percent Medicare tax rate on all earnings paid during the year. Enter the fig. ures in the payroll register. 5. Use the tax tables in Figure 10.2 to determine the federal income tax to be withheld. Federal income tax to be withheld from Vasquez's pay is $192 and from Visage's pay is $267. Enter the figures in the payroll register. 6. Compute the net amount due each employee and enter the figures in the payroll register. 7. Complete the payroll register. Allen and Cooke are office workers. Earnings for Vasquez and Visage are charged to consulting wages. 8. Prepare a general journal entry to record the payroll for the week ended November 12, 2019. Use the account titles given in this chapter. Use journal page 32. 9. Prepare the general journal entry to summarize payment of amounts due employees on November 15, 2019. Analyze: What total deductions were taken from employee paychecks for the pay period ended November 12? Comnuting gross earnings determining deductions and net amount due, Problem 10.40 00000000000000000000000000000000000000000000000000000000000000000000 000000000000000000000000000000 "* 9 9 * RAREX NARRR RRRR 9300 holding ati And the number of w SINGLE Persons-WEEKLY Payroll Period Bless the wages At least SOOOO OOOOO DOORNARE O R ARR RRRR 999 8305 3353 85838 NNE O P EN 2019 288 ZAR FRA 88994 953 33538 53385 SRORE 38SRR 88888 88888 88888 88888 88888 88888 88888 88888 88888 88888 88888 88888 38389 88888 88888 88888 88888 88888 88888 88888 88888 88888 88888 88888 88888 88888 88888 0000000000000000000000000000000000000000000000000000000000000000 000000000000000000000000 2 920 CR SR RRRRRRRRR 50300 holding And the number of w MARRIED Persons--WEEKLY Payroll Period If the wages are 80000 0000 0000 000- R M **90 DE PORN ARE RRERA XSS 0 235 38533 90000 SOOS NAAR NED 2990 PS ZANR RRER FR999 99935 93953 95338 GRRR