Answered step by step
Verified Expert Solution
Question
1 Approved Answer
F1 Waterway Company has the following data for the weekly payroll ending January 31. Hours Employee M T W T F S Hourly Rate
F1 Waterway 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 Insura L. Helton 8 7 8 7 11 3 $12 $35 $11 R. Kenseth 7 8 7 8 8 4 14 37 27 D. Tavaras. 9 11 8 8 8 0 15 58 25 25 Employees are paid 1.50 times the regular hourly rate for all hours worked in excess of 40 hours per week. FICA taxes are 7.65% the first $132,900 of gross earnings. Waterway Company is subject to 5.40% state unemployment taxes and 0.60% federal unemployment taxes on the first $7,000 of gross earnings. (a) Prepare the payroll register for the weekly payroll. (Round answers to 2 decimal places, e.g. 15.25.) 2 @ 80 a F2 F3 $ 94 #3 F4 % 905 MacBook Air F5 F6 66 & 29 7 F7 00 DII F8 F9 9 O
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