Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Exercise 11-11 a-b (Part Level Submission) Swifty Company has the following data for the weekly payroll ending January 31. Hours Employee M T W T

Exercise 11-11 a-b (Part Level Submission) Swifty Company has the following data for the weekly payroll ending January 31. Hours Employee M T W T F S Hourly Rate Federal Income Tax Withholding Health Insurance L. Helton 8 7 8 7 10 2 $12 $33 $10 R. Kenseth 7 9 8 7 8 5 14 37 26 D. Tavaras 10 10 8 8 9 0 15 55 27 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. Swifty 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.)

SWIFTY 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

$

$

$

$

$

$

$

$

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

EH And S Auditing Made Easy A Checklist Approach For Industry

Authors: Kathleen Hess

1st Edition

0865875812, 978-0865875814

More Books

Students also viewed these Accounting questions

Question

Show that (2, - 1), (5, 3) and (11, 11) are on the same line.

Answered: 1 week ago