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fill out ALL the blank spaces!! thank you no need for payroll format(just need to fill out blank spaces) Payroll Register and Payroll Journai Entry
fill out ALL the blank spaces!! thank you
no need for payroll format(just need to fill out blank spaces)
Payroll Register and Payroll Journai Entry Mary Losch ogerates a travel agency called Mary's Luxury Travel. She has five employes, all of whom are paid on a weeky basis. The travel agency uses a peroll register, individual employee earnings records, and a general journal. Mary's Luxury Travel uses a weekly federal income tax withholding table. Rofer to Figure 84 in the text, The payrol data for each empioyee for the week ended march 2 20 -, are shown, Erpployees are paid 1h times the reqular rate for working orer 40 hours a week. Social security tax is withheld from the first $128,400 of earnings at the rate of 6.2%. Medeare fax is witheld at the rate of 3.45%, and oay earnigs tax at ehe rate of 1 th, both applied to gross pay. Bacon and Leung have $16 withheld and Cole and Hick heve $5 withield for health insurance. Bacan and Leutg heve $21 witheid to be irvested in the travel agency's eredf union. Cole has $38.00 witheld and Hicks has $18.75 withheld under a sarings bond purchase plan. Mary's Luxury Travel's payroll is met by drawing checki on its regular bank account. The checks were issued in seguence, beginning mich Check No, az3. Required: 1. Prepare a payroll register for Mary's Luxury Travei for the week ended March 22, 20.. (in the faxable Eareings, Unemplipyment Campenisation coiumi, eiter the sam. amounts os in the Sociat Security column,) Total the amount celumns. 1. Prepare a payroll register for Mary's Luxury Travel for the week ended Morch 22, 20-. (In the Taxable Earnings:rnemployment Compenicaecon column, enter the samy ambunts as in the Scelal Security column.) Total the arneunt columes. If requred, round your answers to the nearmst cent e sume 2. Assuming that the wages for the week ended March 22 were pald on March 24, prepare the jouma entry for the payment of the Alroil Step by Step Solution
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