Exercise $9-21$A $($Algo$)$ Preparing payroll register and related entries LO P$5$

Stark Company has five employees. Employees paid by the hour earn $$16$ per hour for the regular $40-$hour workweek and $$24$ per hour beyond the $40$ hours per week. Hourly employees are paid every two weeks, but salaried employees are paid monthly on the last biweekly payday of each month. FICA Social Security taxes are $6\mathrm{.}2\%$ of the first $$137,700$ paid to each employee, and FICA Medicare taxes are $1\mathrm{.}45\%$ of gross pay. FUTA taxes are $0\mathrm{.}6\%$ and SUTA taxes are $5\mathrm{.}4\%$ of the first $$7,000$ paid to each employee. The company has a benefits plan that includes medical insurance, life insurance, and retirement funding for employees. Under this plan, employees must contribute $5\%$ of their gross income as a payroll withholding, which the company matches with double the amount. Following is the partially completed payroll register for the biweekly period ending August $31,$ which is the last payday of August.

a$.$ Complete this payroll register by filling in all cells for the pay period ended August $31.$

Prepare the August $31$ journal entry to:

b$.$ Record the accrued biweekly payroll and related liabilities for deductions.

c$.$ Record the employer's cash payment of the net payroll of part $b.$

d$.$ Record the employer's payroll taxes i

e$.$ Including the contribution to the benefits plan.

f$.$ Pay all liabilities $($except for the net payroll in part c$)$ for this biweekly period.

Answer is not complete.

Complete this question by entering your answers in the tabs below.

Req A Req B to E

Complete this payroll register by filling in all cells for the pay period ended August $31.$

Note: Round your answers to $2$ decimal places. Do not round your intermediate calculations.

$\backslash$table$[[$Employee$,\backslash$table$[[$Cumulative$],[$Pay$],[($Excludes$],[$Current$],[$Period$)]],$Current$-$Period Gross Pay,$\backslash$table$[[$FIT$],[$Withholding$]],$FUTA,$\backslash$table$[[$FICA S$.$S$.],[$Employee$]],\backslash$table$[[$FICA$],[$Medicare$],[$Employee$]],\backslash$table$[[$Employee$],[$Plan$],[$Withholding$]],\backslash$table$[[$Empl$],[$Net$]]],[\backslash$table$[[$Pay$],[$Type$]],\backslash$table$[[$Pay$],[$Hours$]],$Gross Pay,$\backslash$table$[[$SIT$],[$Withholding$]],$SUTA,$\backslash$table$[[$FICA S$.$S$.],[$Employer$]],\backslash$table$[[$FICA$],[$Medicare$],[$Employer$]],\backslash$table$[[$Employer$],[$Plan$],[$Expense$]],\backslash$table$[[($Curn$],[$Peric$]]]]$

Req A

Req B to E

Complete this payroll register by filling in all cells for the pay period ended August $31.$

Note: Round your answers to $2$ decimal places. Do not round your intermediate calculations.

$\backslash$table$[[$Employee$,\backslash$table$[[$Cumulative$],[$Pay$],[($Excludes$],[$Current$],[$Period$)]],$Current$-$Period Gross Pay,$\backslash$table$[[$FIT$],[$Withholding$]],$FUTA,$\backslash$table$[[$FICA S$.$S$.],[$Employee$]],\backslash$table$[[$FICA$],[$Medicare$],[$Employee$]],\backslash$table$[[$Employee$],[$Plan$],[$Withholding$]],\backslash$table$[[$Employee$],[$Net Pay$],[($Current$],[$Period$)]]],[\backslash$table$[[$Pay$],[$Type$]],\backslash$table$[[$Pay$],[$Hours$]],$Gross Pay,$\backslash$table$[[$SIT$],[$Withholding$]],$SUTA,$\backslash$table$[[$FICA S$.$S$.],[$Employer$]],\backslash$table$[[$FICA$],[$Medicare$],[$Employer$]],\backslash$table$[[$Employer$],[$Plan$],[$Expense$]]],[$Kathleen$,133,700\mathrm{.}00,$Salary,,$7,000\mathrm{.}00,$$$,2,100\mathrm{.}00,$$$0\mathrm{.}000,$$$248\mathrm{.}00vv,$$$,130\mathrm{.}50,,],[,310\mathrm{.}00,0\mathrm{.}00,248\mathrm{.}00,130\mathrm{.}50,,],[$Anthony$,6,100\mathrm{.}00,$Salary,,$940\mathrm{.}00,140\mathrm{.}00,,,,47\mathrm{.}00,],[,40\mathrm{.}00,2,,,94\mathrm{.}00,],[$Nichole$,15,500\mathrm{.}00,$Regular,$80,,2\mathrm{.}160\mathrm{.}00,,,,,],[$Overtime$,12,,50\mathrm{.}00,,,,,],[$Zoey$,6,700\mathrm{.}00,$Regular,$80,,200\mathrm{.}00,,,,,],[$Overtime$,7,,60\mathrm{.}00,,,,,],[$Gracie$,5,200\mathrm{.}00,$Regular,$36,,60\mathrm{.}00,,,,,],[$Overtime$,,,20\mathrm{.}00,,,,,],[$Totals$,$$$167,200\mathrm{.}00,,,,$$$,2,660\mathrm{.}00,$$$,0\mathrm{.}00,$$$248\mathrm{.}00,$$$130\mathrm{.}50,47\mathrm{.}00,$$$,0\mathrm{.}00$