File Home insert Draw Pate Layout mites Data View Help General 15 - Calib - 11 A A - Wrap text BTULI - ASEEB Mege & Contes $% W hoon Delete format Conditional Format Cel Foemingle Styles Styles Chubad Fant Argent Celi X H K M A B E G 1 formation 2 3 ABC Company Namber of Employees 5 March Payroll - 03/25-03/31 Employee Name Hours worked Hourly rate 7 John Doe $25.00 B Jane Jones 40 $24.00 9 Jessie Smith 40 $17.00 10 Erik Ackers 25 $15.00 11 Nan Schmit 30 $17.00 12 Larry Johnson 35 $18.00 13 Christopher Hay 40 $18.00 14 15 Assume Federal income Tax will be withheld at a rate of 20% for everyone. 16 FICA Social Security rate is 6.2% and Medicare is 1.45%. 17 When you called your State, they told you that your State Unemployment tax rate would be 54% 18 Recall that the Federal Unemployment rate is the same for all businesses 19 Assume that no employee has reached the wage limits for FUTA, SUTA or Social Security 21 Required 22 Information Payroll Report Transactions Journe - Type here to search O II N Chip 30 $1.00 Nan Schmit Larry Johnson Christopher Hay 35 40 $18.00 $18.00 Assume Federal Income Tax will be withheld at a rate of 20% for everyone. FICA Social Security rate is 6.2% and Medicare is 1.45%. When you called your State, they told you that your State Unemployment tax rate would be 5.4%. Recall that the Federal Unemployment rate is the same for all businesses. Assume that no employee has reached the wage limits for FUTA, SUTA or Social Security. Required: 2 3 Complete the Payroll Report worksheet Use the Transactions worksheet to complete your Journal 5 26 27 28 Information Payroll Report Transactions Journal Type here to search X Calibri 2 Wrap Text General - 12 DA- Paste ru Merge Center Lula $ - % Incert Candeional Format Cell Formatting Table Styles Styles Clipboard is Font 1 Alignment 15 Number -34 B p E H Required: Complete the payroll report below using the information provided on the information tah Hourly rate GROSS Pay Federal Withholding Social Security Medicare Net March Payroll - 08/25 03/31 Employee Name Hours worked 5 John Doe Jane Jones 3 Jessie Smith 3 Erik Ackers O Nan Schmit 1 Larry Johnson 12 Christopher Hay 13 Totals 14 17 18 19 20 22 Wormation Payroll Report Transactions Touma Type here to search FERDSEYE ALGIC Company Pro Libilities - Compatibility Mode Home Insert Page Layout Formulas Duta View Calib ' ' General BU- 8 Wrap keri Merge Center $ -% 94.91 het Delete Form Concord Formats Cel Formatting to say Style Clipboard Font Alignment Nube D34 X A H 2 Required: Use the transactions below to complete your journal on the next worksheet. 3. Tip: Refer to pages 402 404 of your text for examples. 4 5 Transactions 1 Record accrued payroll for March 25 through March 31 using the Payroll Report 7 April 8 9 2 Record employer payroll taxes for the same Payroll Report (hint - remember to record FUTA and SUTAxwell 1.00 7 Record payment of cash to employees. 12 13 14 15 ASSE 19 20 Information Payroll Report Transactant Jound F Type here to search O Calibri 11 - A A Wrap lest Gent Parte BIL A Mage & Center $ % Conditions Format Formatting Table Styles Cluboard Font 5 Mignment F Number X A L A B D E F G H 1 2 Required Enter the journal entries from the transactions found on the Transaction worksheet 3 4. 5 Journal Entries 6 7 Date Account Title Debit Credit & 9 10 11 12 13 14 15 16 17 18 19 20 21 22 information Payroll Report Transactions Journal Enter HE Type here to search 0 T