Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Exercise 11-11 a-b Bramble Company has the following data for the weekly payroll ending January 31. Hours M T F S Federal Income Tax Withholding
Exercise 11-11 a-b Bramble Company has the following data for the weekly payroll ending January 31. Hours M T F S Federal Income Tax Withholding $33 Health Insurance $11 8 Employee L. Helton R. Kenseth D. Tavaras Hourly Rate $12 14 15 w T 98 8 7 9 8 8 8 11 11 3 8 5 9 0 7 9 38 27 60 25 Employees are paid 1.5 times the regular hourly rate for all hours worked in excess of 40 hours per week. FICA taxes are 7.65% on the first $127,200 of gross earnings. Bramble Company is subject to 5.4% state unemployment taxes and 0.8% federal unemployment taxes on the first $7,000 of gross earnings. Prepare the payroll register for the weekly payroll. (Round answers to 2 decimal places, e.g. 15.25.) BRAMBLE COMPANY Payroll Register For the Week Ending January 31 Earnings Deductions Employee Total Hours Regular Overtime Gross Pay FICA Taxes Federal Income Taxes Health Insurance Total Net Pay L. Helton $ $ $ $ R. Kenseth D. Tavaras Totals $ $ $ $ SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Prepare the journal entries to record the payroll and Bramble's payroll tax expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 15.25.) Date Account Titles and Explanation Debit Credit Jan. 31 Prepare the journal entries to record the payroll and Bramble's payroll tax expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 15.25.) Date Account Titles and Explanation Debit Credit Jan. 31 (To record payroll) Jan. 31 (To record payroll tax expense.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started