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Hello again, can you help me with a payroll question i am unable to figure out the totals of the weekly payroll sheet. Mann Hardware
Hello again,
can you help me with a payroll question i am unable to figure out the totals of the weekly payroll sheet.
Mann Hardware has four employees who are paid on an hourly basis plus time-and-a-half for all hours worked in excess of 40 a week. Payroll data for the week ended March 15, 2014, are presented below. Employe e Hours Worked Hourly Rate Federal Income Tax Withholdings United Fund Ben Abel 40 $15 $? $5.00 Rita Hager 42 16 ? 5.00 Jack Never 44 13 60.00 8.00 Sue Perez 46 13 61.00 5.00 Abel and Hager are married. They claim 0 and 4 withholding allowances, respectively. The following tax rates are applicable: FICA 7.65%, state income taxes 3%, state unemployment taxes 5.4%, and federal unemployment 0.8%. Prepare a payroll register for the weekly payroll. (Use the wage-bracket withholding table in the text for federal income tax withholdings.) (Round answers to 2 decimal places, e.g. 15.25.) Employ Hou ee rs Ben Abel MANN HARDWARE Payroll Register For the Week Ending March 15, 2014 Earnings Deductions Federal State United Regular Overtime Gross Pay FICA Income Income Fund Tax Tax $ $ $ $ $ $ $ 40 $ Rita Hager 42 $ Jack Never 44 $ Sue Perez 46 Total Net Pay $ Salaries and Wages Expense $ $ Totals SHOW LIST OF ACCOUNTS LINK TO TEXT Journalize the payroll on March 15, 2014, and the accrual of employer payroll taxes. (Round answers to 2 decimal places, e.g. 15.25. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Mar. 15 (To record payroll) Mar. 15 Debit Credit (To record accrual of payroll taxes.) SHOW LIST OF ACCOUNTS LINK TO TEXT Journalize the payment of the payroll on March 16, 2014. (Round answers to 2 decimal places, e.g. 15.25. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Mar. 16 SHOW LIST OF ACCOUNTS Debit CreditStep by Step Solution
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