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Herbert Sampson manages a Dairy King drive-in. His straight-time pay is $14 per hour, with time-and-a-half for hours in excess of 40 per week.
Herbert Sampson manages a Dairy King drive-in. His straight-time pay is $14 per hour, with time-and-a-half for hours in excess of 40 per week. Sampson's payroll deductions include withheld income tax of 20%, FICA tax, and a weekly deduction of $11 for a charitable contribution to United Way. Sampson worked 55 hours during the week. i (Click the icon to view payroll tax rate information.) Read the requirements. Requirement 1. Compute Sampson's gross pay and net pay for the week. Assume earnings to date are $11,000. (Round all amounts to the nearest cent.) Begin by computing Sampson's gross pay for the week. Gross Pay Herbert Sampson manages a Dairy King drive-in. His straight-time pay is $14 per hour, with time-and-a-half for hours in excess of 40 per week. Sampson's payroll deductions include withheld income tax of 20%, FICA tax, and a weekly deduction of $11 for a charitable contribution to United Way. Sampson worked 55 hours during the week. i (Click the icon to view payroll tax rate information.) Read the requirements. Requirement 1. Comp Begin by computing Sa Gross Pay More info For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: Employer: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. OASDI: 6.2% on first $132,900 earned; Medicare: 1.45%; FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned. Print Done - ounts to the nearest cent.) Herbert Sampson manages a Dairy King drive-in. His straight-time pay is $14 per hour, with time-and-a-half for hours in excess of 40 per week. Sampson's payroll deductions include withheld income tax of 20%, FICA tax, and a weekly deduction of $11 for a charitable contribution to United Way. Sampson worked 55 hours during the week. i (Click the icon to view payroll tax rate information.) Read the requirements. Requirement 1. Compu Begin by computing Sa Requirements Gross Pay 1. Compute Sampson's gross pay and net pay for the week. Assume earnings to date are $11,000. 2. Journalize Dairy King's wages expense accrual for Sampson's work. An explanation is not required. 3. Journalize the subsequent payment of wages to Sampson. Print Done ounts to the nearest cent.) i (Click the icon to view payroll tax rate information.) Detour Company had the following partially completed payroll register: | (Click the icon to view the partial payroll register.) Read the requirements. Requirement 1. Complete the payroll register. Round to two decimals. (Round all amounts to the nearest cent. Abbreviations used: Beg. = Beginning; Cum. = Cumulative; Earn. = Earnings; Exp. = Expense; Med. = Medicare; Ins. = Insurance; With. = Withholdings; Chk = Check.) Earnings Withholdings Salaries Beg. Current Ending and Cum. Period Cum. Income Health United Total Net Chk Wages Earn. Earn. Earn. OASDI Med. Tax Ins. Way With. Pay No. Exp. $ 86,000 $ 4,000 $ 960 $ 80 $ 10 801 125,000 9,000 1,080 180 45 802 35,000 2,400 576 48 0 803 60,500 3,300 396 66 30 30 804 0 3,500 420 70 0 805 $ 306,500 $ 22,200 $ 3,432 $ 444 $ 85 85 K Detour Company had the following partially completed payroll register: (Click the icon to view the partial payroll register.) Read the requirements. Data table Earnings i (Click the icon to view payroll tax rate information.) Withholdings Salaries Beginning Current Ending and Cumulative Period Cumulative Income Earnings Earnings Earnings OASDI Medicare Tax Health Insurance United Total Net Check Wages Way Withholdings Pay No. Expense $ 86,000 $ 4,000 $ 960 $ 80 $ 10 801 125,000 9,000 1,080 180 45 802 35,000 2,400 576 48 0 803 60,500 3,300 396 66 30 804 0 3,500 420 70 0 805 306,500 $ 22,200 3,432 $ 444 $ 85 Print Done mulative; Earn. = Earnings; Ex Detour Company had the following partially completed payroll register: (Click the icon to view the partial payroll register.) Read the requirements. i (Click the icon to view payroll tax rate information.) Requirement 1. Compl Expense; Med. = Medic Earnings More info sed: Beg. = Beginning; Cum. = Cumulative; Earn. = Earnings; Exp. ries Beg. Cum. Earn. Current For all payroll calculations, use the following tax rates and round amounts to the nearest cent: d Period jes Employee: Earn. OASDI: 6.2% on first $132,900 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. p. $ 86,000 $ 4,000 Employer: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45%; FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned. 125,000 9,000 35,000 2,400 60,500 3,300 0 3,500 Print Done $ 306,500 $ 22,200
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