Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Jerl's Mason Supply Company has four employees who are pald on a weekly basis recelving time and a halt for working more than 40 hours

image text in transcribed
Jerl's Mason Supply Company has four employees who are pald on a weekly basis recelving time and a halt for working more than 40 hours in any one week. The payroll data for the week ended December 10 is as follows: #of MaritalTotal Cumulative Federal Name Allowances Status HoursRateEarn ings Income Tax B. Russo P. Higgins S. Minsky A. Mendez 8.00$ 8,300 52,176 18,560 86,000 $40 155 46 40 40 28.00 9.00 34.00 121 Social Security tax is withheld at 6.2% and Medicare tax at 1.45% Each employee that is single has $40 withheld for health insurance and each that is married has $70 withheld. Higgins has $25 withheld for United Way Number the checks beginning with 803. Required: 1. Complete the payroll register. Round your answers to the nearest cent. December 10 Payroll Register for Perlod Ended Taxable Earnings ill Deductions Comp. Security Tao ne secui Cumulative Unemploy, Social income Security TaxInsurace Bonds Federal Social Medicare Health Savings Net C Total Pay No. Allow. Regular Overtime Total Total B. Russo 0 S P. Higgins 1 M S. Minsky 2 M A. Mendez 4 M 2. Journalize the payroll entry. When required, enter amounts in dollars and cents It an amount box does not require an entry, leave it blank Page: 3 POST. DATE DESCRIPTION pre IDec. 17 DEBIT CREDIT

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions