eBook Calculator Complete Accounting Services has the following payroll information for the week ended December 7. State income tax is computed as 20 percent of federal income tax. DEDUCTIONS BEGINNING CUMULATIVE TOTAL EARNINGS FEDERAL INCOME TAX STATE INCOME TAX NAME EARNINGS 6,809.00 490.00 10.00 2.00 Denato, T. 11.00 6,825.00 466.00 2.20 Herrera, M oyner, 3. King, L 737.00 45.00 36,342.00 9.00 26,280.00 548.00 20.00 4.00 116,100.00 2.712.00 474,95 Wilson, M 94.90 4.30 24.00 Vee, N 28,420.00 607.00 Assumed tax rates are as follows: a, FICA: Social Security, employer) 6.2 percent (0.062) and (employee) 6.2 percent (0.062) on the first $118,500 for each employee, and Medicare, 1.45 percent (0.0145) on all earnings for each employee b. State unemployment tax, 5.4 percent (0.054) on the first $7,000 for each employee c. Federal unemployment tax, 0.6 percent (0.006) on the first $7,000 for each employee. Required: 1. Complete the payroll register. Payroll checks begin with Ck. No: 5714 in the payroll register. If required, round your intermediate calculations and final answers to the nearest cent and use the rounded answers in subsequent computations. If an amount is zero, enter 10 PAYROLL REGISTER FOR WEEK ENDED Decemt Prunus Next a. FICA: Social Security, (employer) 6.2 percent (0.062) and (employee) 6.2 percent (0.062) on the first $118,500 for each employee, and Medicare, 1.45 percent (0.0145) on all earnings for each employee b. State unemployment tax, 5.4 percent (0.054) on the first $7,000 for each employee. c. Federal unemployment tax, 0.6 percent (0.006) on the first $7,000 for each employee. Required: 1. Complete the payroll register. Payroll checks begin with Ck. No: 5714 in the payroll register. If required, round your intermediate calculations and final answers to the nearest cent and use the rounded answers in subsequent computations. If an amount is zero, entero PAYROLL REGISTER FOR WEEK ENDED Decemt TAXABLE EARNINGS STAT BEGINNING CUMULATIVE EARNINGS ENDING CUMULATIVE EARNINGS TOTAL EARNINGS INCO FEDERAL INCOME TAX SOCIAL SECURITY NAME UNEMPLOYMENT MEDICARE Denato, T. Herrera, M , . Joyner, King, Wilson, M. Yee, N. Calculator King, L Wilson, M. Yee, N. 2. Prepare a general Journal entry to record the payroll as of December 7. The company's general ledger contains a Salary Expense account and a Salaries Payable account. If an amount box does not require an entry, leave it blank. If required, round your intermediate calculations and final answers to the nearest cent and use the rounded answers in subsequent computations. GENERAL JOURNAL DESCRIPTION DATE POST. REF. PAGE CREDIT DEBIT 20- Dec. 7 Payroll register for week ended December 7 eBook Calculator 3. Prepare a general journal entry to record the payroll taxes as of December 7. If an amount box does not require an entry, leave it blank. If required, round your intermediate calculations and final answers to the nearest cent and use the rounded answers in subsequent computations. GENERAL JOURNAL PAGE DATE DESCRIPTION POST REF. DEBIT CREDIT 20- Dec. 7 To record employer's share of FICA taxes and employer's state and federal unemployment taxes 4, Journalize the entry to pay the payroll on December 9. (Assume that the company has transferred cash to the Cash-Payroll Bank Account for this payroll.) Round your answers to the nearest cent GENERAL JOURNAL PAGE DATE DESCRIPTION POST. REF. DEBIT CREDIT 20- Dec. 9 Pald salaries for week ended December 7
