Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Exercise 11-11 a-b Sunland Company has the following data for the weekly payroll ending January 31. Hours Employee M W T F S Hourly

image text in transcribedimage text in transcribed

Exercise 11-11 a-b Sunland Company has the following data for the weekly payroll ending January 31. Hours Employee M W T F S Hourly Rate Federal Income Tax Withholding L. Helton 8 8 8 7 11 2 $12 $34 Health Insurance $10 R. Kenseth 8 9 7 7 D. Tavaras 9 10 8 9 8 8 5 0 14 15 38 58 26 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. Sunland Company is subject to 5.4% state unemployment taxes and 0.8% federal unemployment taxes on the first $7,000 of gross earnings. Your answer is partially correct. Try again. Prepare the payroll register for the weekly payroll. (Round answers to 2 decimal places, e.g. 15.25.) SUNLAND COMPANY Payroll Register For the Week Ending January 31 Employee Total Hours Regular L. Helton 46 480 Earnings Deductions Overtime Gross Pay FICA Taxes Federal Income Taxes Health Insurance 108 558 44.98 34 10 s Total Net Pay 88.98 499.02 x R. Kenseth 42 560 42 602 46.06 38 26 109.05 494.95 D. Tavaras 44 600 90 690 52.79 58 25 135.79 554.21 Totals 1640 240 1880 143.82 130 61 333.82 1548.18 S S

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

College Accounting Chapters 1-27

Authors: James A. Heintz, Robert W. Parry

22nd Edition

130566616X, 978-1305666160

More Books

Students also viewed these Accounting questions

Question

Estimate the total binding energy for 40/20Ca, using Fig. 30-1.

Answered: 1 week ago