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i know this is a long question but please help i don't understand!! Concord Hardware has four employees who are paid on an hourly basis
i know this is a long question but please help i don't understand!!
Concord 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, 2022, are presented below. Employee Hours Worked Hourly Rate Federal Income Tax Withholdings United Fund Ben Abel 40 $16.00 $59.00 $5.00 Rita Hager 41 16.00 64.00 5.00 Jack Never 44 13.00 60.00 8.00 Sue Perez 46 13.00 62.00 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 0.6%. Prepare a payroll register for the weekly payroll. No employee has reached the Social Security limit of $132.900 or the FUTA/SUTA limit of $7,000. (Round answers to 2 decimal places, eg. 15.25.) MARRIED Persons - WEEKLY Payroll Period (For Wages Paid through December 2022) If the wages And the number of withholding allowances claimed is - are - At 0 1 N 2 3 4 5 6 7 8 8 9 10 But less than least The amount of income tax to be withheld is - 1,316 1,327 124 114 105 95 85 75 66 56 46 37 29 1,327 1,338 125 116 106 96 86 77 67 57 48 38 30 1,338 1,349 127 117 107 97 88 78 68 59 49 39 31 1,349 1,360 128 118108 99 89 79 70 60 50 41 32 1,360 1,371 129 119 110 100 90 81 71 61 5242 33 1,371 1,382 130 121 111 101 92 82 72 63 53 43 34 1,382 1,393 132 122 112 103 93 83 74 64 54 45 35 1,393 1.404 133 123 114 104 94 85 75 65 56 46 36 1,404 1.415 134125 115 105 96 86 76 67 57 47 38 1,415 1,426 136 126 116 107 97 87 78 68 58 49 39 1,426 1,437 137 127 118 108 98 89 79 69 60 50 40 1,437 1,448 138 129 119 109 100 90 80 71 61 51 41 1,448 1.459 140 130 120 111 101 91 82 72 62 52 43 1,459 1.470 141 131 122 112 102 93 83 73 64 54 44 1470 14941 1402 122 122 1210 04 94 25 CELAGI AT least less than The amount of income tax to be withheld is 1,316 1,327 124 114 105 95 85 75 66 56 46 37 29 1,327 1,338 125 116 106 96 86 77 67 57 48 38 30 1,338 1,349 127 117 107 97 88 78 68 59 49 39 31 1,349 1,360 128 118 108 99 89 79 70 60 50 41 32 1,360 1,371 129 119 110 100 90 81 71 61 52 42 33 1,371 1,382 130 121 111 101 92 82 72 63 53 43 34 1.382 1,393 132 122 112103 93 83 74 64 54 45 35 1,393 1,404 133 123 | 114 104 94 85 75 65 56 46 36 1,404 1,415 134 125 115 105 96 86 76 67 57 47 38 1,415 1,426 136 126 116 107 97 87 78 68 58 49 39 1,426 1,437 137 127 118108 98 89 79 69 60 50 40 1,437 1,448 138 129 119 109 100 90 80 71 61 51 41 1,448 1,459 140 130 120 111 101 91 82 72 62 52 43 1.459 1,470 141 131 122 112 102 93 83 73 64 54 44 1,470 1,481 142 133 123 113 104 94 84 75 65 55 45 1.481 1492 144 134 | 124 | 15 105 95 / 86 16 66 56 47 1,492 1,503 145 135 126 116 106 97 87 77 67 58 48 1,503 1,514 146 137 127 117 108 98 88 78 69 59 49 1,514 1,525 148 138 128 119 109 99 89 80 70 60 51 1,525 1,536 149 139 130 120 110 101 91 81 71 62 52 Earnings Employee Hours Regular Overtime Gross Pay Ben Abel 40 $ Rita Hager 41 Jack Never 44 Sue Perez 46 Totals $ 6 $ $ CONCORD HARDWARE Payroll Register For the Week Ending March 15, 2022 Deductions FICA Federal Income Tax State Income Tax United Fund $ $ $ $ $ $ $ $ Salaries and Wages Expense United Fund Total Net Pay $ $ $ I $ $ Journalize the payroll on March 15, 2022, and the accrual of employer payroll taxes. (Round answers to 2 decimal places, eg. 15.25. Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Mar. 15 (To record payroll) Mar. 15 (To record accrual of payroll taxes.) e Textbook and Media List of Accounts Journalize the payment of the payroll on March 16, 2022. (Round answers to 2 decimal places, eg. 15.25. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 16 e Textbook and Media List of Accounts Save for Later Attempts: 0 of 2 used Submit Answer d. Journalize the deposit in a Federal Reserve bank on March 31, 2022, of the FICA and federal income taxes payable to the government. (Round answers to 2 decimal places, eg. 15.25. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 31 Step by Step Solution
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