Correct Answers to question 1 to be used in 2 and 3:

2. Prepare journal entries for the following:

a. Payroll for the 40th week.

b. Payment of payroll for the week

c. Distribution of the payroll costs, charged to all jobs.

d. Employer's payroll tax liability. (FICA = 8% , FUTA = 1% $8000 threshold, SUTA = 4% $8000 threshold)

3. The company carries a disability insurance policy for the employees at a cost of $15 per week for each employee. Journalize the employer's cost of insurance premiums for the week.

I'm having trouble computing the journal entry values for 2d and 3. Can you please compute both of the journal entries (2d and 3) and explain your reasoning? Journal Entry accounts to be used are listed below. Be sure the values are derived from the correct answers in the table above. Please do not copy and paste a solution already posted on Chegg for this question as they are all incorrect. Thank you!

d. Factory Overhead

Payroll Taxes Expense - Administrative Salaries

FICA Tax Payable

SUTA Tax Payable

FUTA Tax Payable

3. Factory Overhead

Disability Insurance Expense - Admin. Salaries

Disability Insurance Premium

LO2 LO3 P3-8 Payroll work sheet and journal entries The payroll records of Graham Computer Co. for the week ending October 7, the 40th week in the year, show the following: Salary or Wage per Income Gross Earnings 40-Hour Hours Tax through 39th Employee Classification Week Worked Withheld Week Allen President $2,489 40 $488 $123,560 Devine Vice President- 2,238 40 402 119,500 Administration Fiorelli Supervisor- 700 40 180 27,300 Production O'Clock Factory-Direct 500 48 150 19,820 O'Reilly Factory-Direct 400 46 160 17,200 Pawlukiewicz Factory-Direct 400 44 110 16,600 Surdick Factory-Direct 380 42 120 15,200 Trebbi Factory-Indirect 300 42 80 7,800 Webb Factory-Indirect 300 42 60 6,600 1. Employee Allen Devine Fiorelli O'Clock O'Reilly Pawlukiewicz Surdick Trebbi Webb Total Earnings per Week Earnings FICA Income Overtime Through Taxable Tax Net Regular Premium Total 40th Week Earnings FICA Withheld Earnings $ 2,489.00 $ 2,489.00 $ 126,049.00 $ $ $ 488.00 $ 2,001.00 2,238.00 2,238.00 121,738.00 500.00 40.00 402.00 1,796.00 700.00 700.00 28,000.00 700.00 56.00 180.00 464.00 600.00 50.00 650.00 20,470.00 650.00 52.00 150.00 448.00 460.00 30.00 490.00 17,690.00 490.00 39.20 160.00 290.80 440.00 20.00 460.00 17,060.00 460.00 36.80 110.00 313.20 399.00 9.50 408.50 15,608.50 408.50 32.68 120.00 255.82 315.00 7.50 322.50 8,122.50 322.50 25.80 80.00 216.70 315.00 7.50 322.50 6,922.50 322.50 25.80 60.00 236.70 $ 7,956.00 $ 124.50 $ 8,080.50 $ 361,660.50 $ 3,853.50 $ 308.28 $ 1,750.00 $ 6,022.22 LO2 LO3 P3-8 Payroll work sheet and journal entries The payroll records of Graham Computer Co. for the week ending October 7, the 40th week in the year, show the following: Salary or Wage per Income Gross Earnings 40-Hour Hours Tax through 39th Employee Classification Week Worked Withheld Week Allen President $2,489 40 $488 $123,560 Devine Vice President- 2,238 40 402 119,500 Administration Fiorelli Supervisor- 700 40 180 27,300 Production O'Clock Factory-Direct 500 48 150 19,820 O'Reilly Factory-Direct 400 46 160 17,200 Pawlukiewicz Factory-Direct 400 44 110 16,600 Surdick Factory-Direct 380 42 120 15,200 Trebbi Factory-Indirect 300 42 80 7,800 Webb Factory-Indirect 300 42 60 6,600 1. Employee Allen Devine Fiorelli O'Clock O'Reilly Pawlukiewicz Surdick Trebbi Webb Total Earnings per Week Earnings FICA Income Overtime Through Taxable Tax Net Regular Premium Total 40th Week Earnings FICA Withheld Earnings $ 2,489.00 $ 2,489.00 $ 126,049.00 $ $ $ 488.00 $ 2,001.00 2,238.00 2,238.00 121,738.00 500.00 40.00 402.00 1,796.00 700.00 700.00 28,000.00 700.00 56.00 180.00 464.00 600.00 50.00 650.00 20,470.00 650.00 52.00 150.00 448.00 460.00 30.00 490.00 17,690.00 490.00 39.20 160.00 290.80 440.00 20.00 460.00 17,060.00 460.00 36.80 110.00 313.20 399.00 9.50 408.50 15,608.50 408.50 32.68 120.00 255.82 315.00 7.50 322.50 8,122.50 322.50 25.80 80.00 216.70 315.00 7.50 322.50 6,922.50 322.50 25.80 60.00 236.70 $ 7,956.00 $ 124.50 $ 8,080.50 $ 361,660.50 $ 3,853.50 $ 308.28 $ 1,750.00 $ 6,022.22