Question
Harvest Company has the following payroll information for the pay period ended April 14: Name Earnings at End of Previous Week Daily Time Pay Rate
Harvest Company has the following payroll information for the pay period ended April 14:
Name | Earnings at End of Previous Week | Daily Time | Pay Rate | Federal Income Tax | |||||
M | T | W | T | F | S | ||||
Grant, L. | 7,537.00 | 8 | 8 | 8 | 8 | 8 | 0 | 17.96 | 55.00 |
Hamn, R. | 6,465.00 | 8 | 8 | 8 | 8 | 8 | 0 | 18.07 | 55.00 |
Lisk, J. | 6,778.00 | 0 | 8 | 8 | 8 | 8 | 8 | 17.77 | 52.00 |
Myre, G. | 9,997.00 | 8 | 8 | 8 | 0 | 8 | 8 | 19.28 | 62.00 |
Segel, T. | 6,525.00 | 8 | 8 | 8 | 8 | 8 | 6 | 17.98 | 77.00 |
Torgel, I. | 7,530.00 | 0 | 8 | 8 | 8 | 8 | 8 | 18.72 | 58.00 |
Taxable earnings for Social Security are based on the first $118,500. Taxable earnings for Medicare are based on all earnings. Taxable earnings for federal and state unemployment are based on the first $7,000. Employees are paid time-and-a-half for work in excess of 40 hours per week.
1. Complete the payroll register. The Social Security tax rate is 6.2 percent, and the Medicare tax rate is 1.45 percent. Begin payroll checks with No. 2944. If required, round your intermediate calculations and the final answers to the nearest cent and use the rounded answers in subsequent computations. If an amount is zero, enter "0".
HARVEST COMPANY | |||||||||||||||
PAYROLL REGISTER FOR WEEK ENDED April 14, 20-- | |||||||||||||||
NAME | TOTAL HOURS | BEGINNING CUMULATIVE EARNINGS | EARNINGS | ENDING CUMULATIVE EARNINGS | TAXABLE EARNINGS | DEDUCTIONS | PAYMENTS | ||||||||
REGULAR | OVERTIME | TOTAL | UNEMPLOYMENT | SOCIAL SECURITY | MEDICARE | FEDERAL INCOME TAX | SOCIAL SECURITY TAX | MEDICARE TAX | TOTAL | NET AMOUNT | CK. NO. | ||||
Grant, L. | |||||||||||||||
Hamn, R. | |||||||||||||||
Lisk, J. | |||||||||||||||
Myre, G. | |||||||||||||||
Segel, T. | |||||||||||||||
Torgel, I. | |||||||||||||||
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