Concord Hardwars has four employees who are paid on an hourly basis plus time-and-a-half for all hours worked in excess of 40 a waak. Payroll data for the week ended March 15 are presented below Cumulative Earnings Wan. 1-Mar. 7) Federal Income Tax Withholdings Hours Worked Employee Hourly Rate United Fund Ban Abel 40 S15 S? S5 3,000 Rita Hager 41 16 ? 5 3.000 Jack Never 44 13 60 9 3,000 Sue Perez 46 13 61 5 3.000 Abel and Hager are married. They claim and 4 withholding allowances, respectively. The 7.65% FICA tax rate consists of the Social Security tax rate of 6.29 on salaries and wages up to $128.400 and the Medicare tax rate of 1.45% on all salaries and wages. Stats income taxes are 294 Prepare a payroll register for the weekly payroll. (Round answers to 2 decimal places, eg. 15.25.) MARRIED Persons -WEEKLY Payroll Period (For Wages Paid through December 2017) If the vages ars And the number of withholding allowances claimed is But 0 1 | 2 3 5 6 7 @ 9 10 A: least than The amount of income tax to be withheld is 500 510 34 27 19 11 4 0 0 0 0 0 510 520 25 29 20 12 5 0 0 0 0 0 520 530 37292113 6 0 0 0 0 0 0 530 540 38 30 22 14 7 0 0 0 540 550 40 31 23 15 B 0 0 0 0 0 0 550 560 41 | 32 24 16 1 0 0 0 0 560 570 43 33 25 17 10 2 0 0 0 0 0 570 580 44 34 26 18 11 3 0 0 0 580 590 46 | 35 | 27 | 19 | 12 | 4 0 0 0 0 590 600 47 36 28 20 13 5 0 0 0 0 0 600 610 49 | 39 | 29 21 6 0 0 0 0 610 620 503930 22 15 7 0 0 0 0 0 620 630 1 0 0 0 0 52 41 312316 53 42 32 24 17 630 640 9 2 0 0 640 650 55 44 33 25 10 10 0 0 0 0 650 660 56 4534 0 0 0 660 670 58 | 47 | 35 | 27 | 2012 5 0 0 0 670 680 5949 37 28 21 13 0 0 0 680 690 61 | 50 | 38 | 29 | 22 14 7 0 0 0 690 700 6251 40 30 2315 @ 0 0 0 0 Earnings Employee Hours Regular Overtime Gross Pay Ben Abel 40 $ $ $ Rita Hager 41 Jack Never Sue Perez 46 Totals $ $ $ Journalize the payroll on March 15, 2020, and the accrual of employer payroll taxes. (Round answers to 2 decimal places, eg. 15.25. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 15 eTextbook and Media List of Accounts Journalize the payment of the payroll on March 16, 2020. (Round answers to 2 decimal places, eg. 15.25. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 16 eTextbook and Media List of Accounts Taxable Earnings Cumulative Eamings Social Security Medicare Gross Pay $ $ $ $ $ $ CONCORD HARDWARE Payroll Register For the Week Ending March 15, 2020 es Deductions Medicare FICA Federal Income Tax State Income Tax $ s $ $ $ $ Pald Account Debited United Fund Total Net Pay Salaries and Wages Exper 3 $ s 3
