Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Alexander Wilson operates Metroplex Courier and Delivery Service. The company has four employees who are paid on an hourly basis. During the workweek beginning

 


Alexander Wilson operates Metroplex Courier and Delivery Service. The company has four employees who are paid on an hourly basis. During the workweek beginning December 15 and ending December 21, 20X1, employees worked the number of hours shown below. Information about their hourly rates, marital status, and withholding allowances also appears below, along with their cumulative earnings for the year prior to the December 15-21 payroll period. Consider any hours worked beyond 40 in the week as overtime hours and overtime pay at one and one-half times their regular hourly rate. Employee Gloria Bahamon Alex Garcia Ron Price Sara Russell Hours Regular Marital Withholding Worked Hourly Rate. Status Allowances M 45 41 47 40 $15.70 27.40 25.80 12.70 S M S 4 1 3 0 Cumulative Earnings $32,750 57,190 53,862 26,510 Required: 2. Compute the regular, overtime, and gross earnings for each employee. Enter the figures in the payroll register. 3. Compute the amount of social security tax to be withheld from each employee s gross earnings. Assume a 6.2 percent social security rate on the first $122,700 earned by the employee during the year. Enter the figures in the payroll register. 4. Compute the amount of Medicare tax to be withheld from each employee s gross earnings. Assume a 1.45 percent Medicare tax rate on all salaries and wages earned by the employee during the year. Enter the figures in the payroll register. 5. Determine the amount of federal income tax to be withheld from each employee s total earnings. Use the tax tables in Figure 10.2a & Figure 10.2b to determine the withholding for Russell. Withholdings are $99.00 for Bahamon, $290.00 for Garcia, and $234.00 for Price. Enter the figures in the payroll register. 6. Compute the net amount due to each employee and enter the figures in the payroll register. 7. Bahamon and Russell are office workers. Garcia and Price are delivery workers. 8. Prepare a general journal entry to record the payroll for the week ended December 21, 20X1. Sakai: Gateway: Welcome O Chpt 10 Application Problem i 1 10 points. eBook Print ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launch Url=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question-g... References Mc Graw Hill Education Connect Analyze: What percentage of total taxable wages was delivery wages? por a year jouman Chay Summane payment ways one ween. Payroll Register Post Question Complete this question by entering your answers in the tabs below. S General Journal Analyze % Saved What percentage of total taxable wages was delivery wages? (Round your intermediate calculations to 2 decimal places and final answer to 1 decimal place.) Percentage of delivery wages < General Journal < Prev Place an Order Analyze > 1 of 1 HH + Next > Help Save & Exit Submit Check my work 2 (4) ENG 0 Screenshot saved The screenshot was added to your OneDrive. OneDrive m 6:28 PM 12/7/2020 x : Sakai: Gateway: Welcome O Chpt 10 Application Problem 1 10 points. ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launch Url=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question-g... eBook Print References Mc Graw Hill Education Connect Analyze: What percentage of total taxable wages was delivery wages? Payroll Register Complete this question by entering your answers in the tabs below. No Post Question General Journal S Analyze View transaction list View journal entry worksheet Date Prepare a general journal entry to record the payroll expenses and also summarize payment of wages for the week ended December 21, and December 23, 20X1. (Round your intermediate calculations and final answers to 2 decimal places.) General Journal Saved < Payroll Register < Prev Place an Order 1 of 1 Analyze > HH Debit + Next > Credit Help Save & Exit Submit Check my work (4) ENG 2 0 m 6:28 PM 12/7/2020 x : Sakai: Gateway: Welcome O Chpt 10 Application Problem 1 10 points eBook Print ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launch Url=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question-g... References Mc Graw Hill Education Connect Journal entry worksheet < 1 2 Record the entry to summarize payment of the payroll. Note: Enter debits before credits. Date Dec 23, 20X1 S Record entry Post Question General Journal Clear entry < Prev Saved Debit 1 of 1 Place an Order Credit View general journal H HH + Next > Help Save & Exit Submit Check my work (4) ENG 2 0 m 6:28 PM 12/7/2020 x : Sakai: Gateway: Welcome O Chpt 10 Application Problem 1 10 points eBook Print ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launch Url=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question-g... References Mc Graw Hill Education Connect Journal entry worksheet 1 2 Record the company s payroll to be paid at a later date. Note: Enter debits before credits. Date Dec 21, 20X1 S Post Question Record entry General Journal Clear entry < Prev Saved Debit 1 of 1 Place an Order Credit View general journal HH + Next > Help Save & Exit Submit Check my work (4) ENG 2 0 m 6:28 PM 12/7/2020 x : Sakai: Gateway: Welcome O Chpt 10 Application Problem 1 10 points eBook Print ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launch Url=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question-g... References Mc Graw Hill Education Connect Analyze: What percentage of total taxable wages was delivery wages? 9. Prepare a general journal entry on December 23 to summarize payment of wages for the week. Payroll Register Complete this question by entering your answers in the tabs below. View transaction list < General Journal Post Question Journal entry worksheet S 1 Analyze 2 Prepare a general journal entry to record the payroll expenses and also summarize payment of wages for the week ended December 21, and December 23, 20X1. (Round your intermediate calculations and final answers to 2 decimal places.). Saved Record the company s payroll to be paid at a later date. Place an Order < Prev 1 of 1 # + > Next > Help Save & Exit Submit Check my work (4) ENG 2 0 m 6:27 PM 12/7/2020 x : Sakai: Gateway: Welcome O Chpt 10 Application Problem i 1 10 points. eBook Print ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launch Url=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question-g... References Mc Graw Hill Education Connect Payroll Register Employee Gloria Bahamon Alex Garcia Ron Price Sara Russell S Week Beginning: December 15, 20X1 Regular time earnings Earnings Post Question Overtime earnings Gross earnings $ 0.00 $ 0.00 $ Cumulative earnings 0.00 $ Saved < Prev Social security 0.00 $ 1 of 1 Place an Order Taxable wages HH And ending: December 21, 20X1 Deductions Medicare 0.00 $ 0.00 $ Social security < Payroll Register Next > + Medicare 0.00 $ Help Save & Exit Submit Income tax 0.00 $ 0.00 $ General Journal > Check my work Net amount Paid: December Distributi 0.00 $ 2 Offic wag (4) ENG 0 m 6:27 PM 12/7/2020 x : Sakai: Gateway: Welcome O Chpt 10 Application Problem 1 10 points. eBook Print ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question-g... References Mc Graw Hill Education Connect in the tabs below. Cumulative earnings 4 S 0.00 $ Social security curity tax and Medicare tax to be withheld from each employee s earnings. Assume a 6.2 percent social security rate on the first $122,700 earned by the are tax rate on all salaries and wages earned by the employee during the year. Determine the amount of federal income tax to be withheld from each e 10.2A & Figure 10.2B whichever is applicable) to determine the withholding for Russell. Withholdings for Bahamon is $99.00, $290.00 for Garcia, ue of each employee. (Bahamon and Russell are office workers. Garcia and Price are delivery workers.) (Round your intermediate calculations and final Taxable wages And ending: December 21, 20X1 Deductions Post Question Medicare Social security 0.00 $ 0.00 $ Medicare 0.00 $ Saved 0.00 $ < Prev Income tax Place an Order 0.00 $ 1 of 1 Net amount H HH Paid: December 23, 20X1 Distribution 0.00 $ Office wages Next > Delivery wages + 0.00 $ 0.00 Help Save & Exit Submit Check my work Show less A (4) ENG 2 0 m 6:27 PM 12/7/2020 x : Sakai: Gateway: Welcome O Chpt 10 Application Problem 1 10 points. eBook Print ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launch Url=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question-g... References Mc Graw Hill Education Connect Payroll Register Complete this question by entering your answers in the tabs below. General Journal Employee Gloria Bahamon Alex Garcia Ron Price Sara Russell S Payroll Register Week Beginning: December 15, 20X1 Analyze Regular time earnings $ Post Question Earnings Overtime earnings Compute the regular, overtime, gross earnings; social security tax and Medicare tax to be withheld from each employee s earnings. Assume a 6.2 percent sc employee during the year. Assume a 1.45 percent Medicare tax rate on all salaries and wages earned by the employee during the year. Determine the amou employee s total earnings. (Use the table shown in Figure 10.2A & Figure 10.2B whichever is applicable) to determine the withholding for Russell. Withhol and $234.00 for Price. Finally compute the net amount due of each employee. (Bahamon and Russell are office workers. Garcia and Price are delivery worke answers to 2 decimal places.) Gross earnings 0.00 $ 0.00 $ Saved Cumulative earnings 0.00 $ < Prev Place an Order 0.00 $ Taxable wages Social security 1 of 1 HH 0.00 $ And ending: December 21, 20X1 Deductions Medicare Social security 0.00 $ Next > + 0.00 Medicare $ 0.00 Help Income tax $ Save & Exit Submit Check my work 0.00 $ Net amount Paid: December Distributi 2 0.00 $ Offic wag (4) ENG 0 m 6:26 PM 12/7/2020 x : Sakai: Gateway: Welcome O Chpt 10 Application Problem 1 10 points eBook Print ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launch Url=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question-g... References Mc Graw Hill Education enter the figures in the payroll register. Price are delivery workers. Connect for the week ended December 21, 20X1. ummarize payment of wages for the week. ages? in the tabs below. Cumulative earnings 4 S Post Question And ending: December 21, 20X1 Deductions Taxable wages Social curity tax and Medicare tax to be withheld from each employee s earnings. Assume a 6.2 percent social security rate on the first $122,700 earned by the are tax rate on all salaries and wages earned by the employee during the year. Determine the amount of federal income tax to be withheld from each e 10.2A & Figure 10.2B whichever is applicable) to determine the withholding for Russell. Withholdings for Bahamon is $99.00, $290.00 for Garcia, ue of each employee. (Bahamon and Russell are office workers. Garcia and Price are delivery workers.) (Round your intermediate calculations and final Social Saved < Prev Income Place an Order 1 of 1 # HH Paid: December 23, 20X1 Distribution Office + Next > Delivery Help Save & Exit Submit Check my work Show less (4) ENG 2 0 m 6:26 PM 12/7/2020 x : Sakai: Gateway: Welcome O Chpt 10 Application Problem i 1 10 points eBook Print ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launch Url=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question-g... References Mc Graw Hill Education Connect Analyze: What percentage of total taxable wages was delivery wages? THCC. CHR an rigures un payinyisili. 6. Compute the net amount due to each employee and enter the figures in the payroll register. 7. Bahamon and Russell are office workers. Garcia and Price are delivery workers. 8. Prepare a general journal entry to record the payroll for the week ended December 21, 20X1. 9. Prepare a general journal entry on December 23 to summarize payment of wages for the week. Payroll Register Complete this question by entering your answers in the tabs below. Post Question General Journal S Analyze Payroll Register Week Beginning: December 15, 20X1 Earnings Regular Saved Overtime Cumulative earnings < Prev Place an Order Compute the regular, overtime, gross earnings; social security tax and Medicare tax to be withheld from each employee s earnings. Assume a 6.2 percent sc employee during the year. Assume a 1.45 percent Medicare tax rate on all salaries and wages earned by the employee during the year. Determine the amou employee s total earnings. (Use the table shown in Figure 10.2A & Figure 10.2B whichever is applicable) to determine the withholding for Russell. Withhol and $234.00 for Price. Finally compute the net amount due of each employee. (Bahamon and Russell are office workers. Garcia and Price are delivery worke answers to 2 decimal places.) 1 of 1 Taxable wages Social H HH + And ending: December 21, 20X1 Deductions Next > Social Help Save & Exit Submit Income Check my work 2 Paid: December Distributi Offic 4) ENG 0 m 6:26 PM 12/7/2020 x :

Step by Step Solution

3.50 Rating (150 Votes )

There are 3 Steps involved in it

Step: 1

Payroll Register Week Dec 152021 And Ending Dec 212021 Paid Dec 23 2019 Earnings Cumulative Earnings ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Accounting A Contemporary Approach

Authors: David Haddock, John Price, Michael Farina

3rd edition

77639731, 978-0077639730

More Books

Students also viewed these Accounting questions

Question

=+a. Describe, in words, the event A and B.

Answered: 1 week ago

Question

=+b. Describe, in words, the event A or B.

Answered: 1 week ago