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I'm looking for help with all of the assignment to double check my work. Accounting Principles I Chapter 11 Payroll Activity Complete the following activity
I'm looking for help with all of the assignment to double check my work.
Accounting Principles I Chapter 11 Payroll Activity Complete the following activity and save this file on your hard drive. Then submit your file to your instructor on Canvas. Name:__________________________ Sally Price's regular hourly wage rate is $14.00 per hour, and she receives 1 times her regular wage rate for hours worked in excess of 40. This is the first week of the year, and Sally has worked 48 hours. 1. Compute Sally's gross earnings. 2. Compute Sally's FICA withholding (assume an 8 % rate). 3. If Sally's other deductions include Federal Income Tax of $61, State Income Tax of $22 and health insurance of $15, in General Journal form, record Sally's pay. Date Account Titles Debit Credit 4. Assume FUTA is .8%, and SUTA is 5.4%. Record the company's payroll tax expense for the period. Date Account Titles Debit Credit 5. What is the company's total expense of employing Sally Price this weekStep by Step Solution
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