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Low Country Goods has four employees and pays them on an hourly basis. During the week beginning June 2 4 and ending June 3 0
Low Country Goods has four employees and pays them on an hourly basis. During the week beginning June and ending June
these employees worked the hours shown below. Information about hourly rates, marital status, federal income tax witheld, and
cumulative earnings prior to the current pay period also appears below. Consider any hours worked beyond in the week as
overtime hours and overtime pay at one and onehalf times their regular hourly rate.
Required:
Enter the basic payroll information for each employee in a payroll register. Record the employee's name, marital status, total and
overtime hours, and regular hourly rate. Note: Consider any hours worked beyond in the week as overtime hours and
overtime pay at one and onehalf times their regular hourly rate.
Compute the regular, overtime, and gross earnings for each employee. Enter the figures in the payroll register.
Compute the amount of social security tax to be withheld from each employee's earnings. Assume a percent social security
rate on the first $ earned by the employee during the year. Enter the figures in the payroll register.
Compute the amount of Medicare tax to be withheld from each employee's earnings. Assume a percent Medicare tax rate
on all salaries and wages earned by the employee during the year. Enter the figures in the payroll register.
Enter the amount of federal income tax to be withheld from each employee's total earnings.
Compute the net pay of each employee and enter the figures in the payroll register.
Prepare a general journal entry to record the payroll for the week ended June
Record the general journal entry to summarize payment of the payroll on July
Analyze:
What are Amora Brandon's cumulative earnings on June Return to
Record the general journal entry to summarize payment of the payroll on July
Analyze:
What are Amora Brandon's cumulative earnings on June X
Answer is not complete.
Complete this question by entering your answers in the tabs below.
Payroll
Register
Note: Round your intermediate calculations and final answers to decimal places.
tabletabletablePayrollregisterEmployee
tableWeek beginning: June XEarningstableCumulativeearningsAnd ending: June XPaid: July XTaxable wages,Deductions,DistributiontableRegulartimeearningstableOvertimeearningstableGrossamounttableSocialsecurityMedicare,tableSocialsecurityMedicare,tableIncome
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