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Assignme F. Fuentes operates a business known as Variety Unlimited. Listed below are the name, number of allowances claimed, marital status, total hours work, and hourly rate of each employee. All hours worked in excess of 40 hours per week are paid at the rate of time and a half The employer uses the weekly federal income tax withholding table. (Refer to Figure 8-4a and Figure 8-46.) Social Security tax is withheld at the rate of 6.2%, Medicare tax is withheld at the rate of 1.45%. All employees have Health Insurance Premiums withheld in the amount of $55.00. Hertz, Jordan, and Pollo each will have $25.00 withheld this payday under a savings bond purchase plan Fuentes follows the practice of drawing a single check for the net amount of the payroll and depositing the check in a special payroll account at the bank. Individual paychecks are then drawn for the amount due each employee. The checks issued this payday were numbered consecutively beginning with No. 786. Variety Unlimited Payroll information for the week ended December 15, 20- Total Regular Cumulative of Marital Hours Hourly Earnings Allowances Status Worked Rate thru Dec 8 5 M 40 $34.00 $85,240 M 43 14.00 27,440 M 47 11.00 21,560 2 S 39 15,690 6 45 14.00 31.360 Name H, Hertz C. Lobel J. Jordan D. Pollo M. Peret 8.00 Required: CK NO 1. Prepare a payroll register for Variety Unlimited for the pay period ended December 15, 20 Note: Assume that deductions for healthcare and savings bonds are alter tax, Round and enter your answers to the nearest cent. Payroll Register for Period Ended December 15, 20- Earnings Taxable Earnings Deductions Federal Social Medicare Health Net Savings Cumulative Unemploy, Social No. Status Income Security Total Pay Tax Name Allow. Insurance Bonds Comp. Total Security Regular Overtime Total Tax M 5 Hi Hertz M 2 C Label M 3 3. Jordan D. Polo S 2 S M Perez 2. Assuming at the wages for the week ende Decembros doucem o te the paint the girl ournal Note Enteral amounts in Hats and conton box does not work ( 955 8888 8225- = 3 - + b ) pg 48 o O A GT 5 ( to O + C2 o o ON 8 888 8 GUY A GO ooooooooooooooo occ8 - - - O ooOOO OO008 370 09 88288 82828 28 28 38 38 ESSERE 1.400 1,390 OO 8 A CO 003 880982898% 181839 8988 BUVO NOW to novo on Church on NS CORDOBAR 98989886ERS AS Monacom va 4008 AAA MARRIED Persons - WEEKLY Payroll Period 3-4 Federal Withholding the concluded A -va ani-00000000005 - -0000000000000000087/ - PORNO GAWN was thaWwQO000 10000 00000 00000 00008 For Wages Paid * Wages Puidoh December 2012 CHAPTER And the bar of mong was max to be with 90000 0000 0000 0000000000000-00-00 58 (2) The amount of 10 00000000000000000000000000000-cror in Orang 88868888 8 -0000000000000000000000000000000000000 0000NSARAS gobe --- 00000000000000000000000000000000000008888888 2006 DOOD BOLOD SODOD 50000 COCO 00oo000000000000000000 Assignme F. Fuentes operates a business known as Variety Unlimited. Listed below are the name, number of allowances claimed, marital status, total hours work, and hourly rate of each employee. All hours worked in excess of 40 hours per week are paid at the rate of time and a half The employer uses the weekly federal income tax withholding table. (Refer to Figure 8-4a and Figure 8-46.) Social Security tax is withheld at the rate of 6.2%, Medicare tax is withheld at the rate of 1.45%. All employees have Health Insurance Premiums withheld in the amount of $55.00. Hertz, Jordan, and Pollo each will have $25.00 withheld this payday under a savings bond purchase plan Fuentes follows the practice of drawing a single check for the net amount of the payroll and depositing the check in a special payroll account at the bank. Individual paychecks are then drawn for the amount due each employee. The checks issued this payday were numbered consecutively beginning with No. 786. Variety Unlimited Payroll information for the week ended December 15, 20- Total Regular Cumulative of Marital Hours Hourly Earnings Allowances Status Worked Rate thru Dec 8 5 M 40 $34.00 $85,240 M 43 14.00 27,440 M 47 11.00 21,560 2 S 39 15,690 6 45 14.00 31.360 Name H, Hertz C. Lobel J. Jordan D. Pollo M. Peret 8.00 Required: CK NO 1. Prepare a payroll register for Variety Unlimited for the pay period ended December 15, 20 Note: Assume that deductions for healthcare and savings bonds are alter tax, Round and enter your answers to the nearest cent. Payroll Register for Period Ended December 15, 20- Earnings Taxable Earnings Deductions Federal Social Medicare Health Net Savings Cumulative Unemploy, Social No. Status Income Security Total Pay Tax Name Allow. Insurance Bonds Comp. Total Security Regular Overtime Total Tax M 5 Hi Hertz M 2 C Label M 3 3. Jordan D. Polo S 2 S M Perez 2. Assuming at the wages for the week ende Decembros doucem o te the paint the girl ournal Note Enteral amounts in Hats and conton box does not work ( 955 8888 8225- = 3 - + b ) pg 48 o O A GT 5 ( to O + C2 o o ON 8 888 8 GUY A GO ooooooooooooooo occ8 - - - O ooOOO OO008 370 09 88288 82828 28 28 38 38 ESSERE 1.400 1,390 OO 8 A CO 003 880982898% 181839 8988 BUVO NOW to novo on Church on NS CORDOBAR 98989886ERS AS Monacom va 4008 AAA MARRIED Persons - WEEKLY Payroll Period 3-4 Federal Withholding the concluded A -va ani-00000000005 - -0000000000000000087/ - PORNO GAWN was thaWwQO000 10000 00000 00000 00008 For Wages Paid * Wages Puidoh December 2012 CHAPTER And the bar of mong was max to be with 90000 0000 0000 0000000000000-00-00 58 (2) The amount of 10 00000000000000000000000000000-cror in Orang 88868888 8 -0000000000000000000000000000000000000 0000NSARAS gobe --- 00000000000000000000000000000000000008888888 2006 DOOD BOLOD SODOD 50000 COCO 00oo000000000000000000
