Answered step by step
Verified Expert Solution
Question
1 Approved Answer
need help solving Park Company had the Bartially completed payroll register (Click the icon to view tal payroll register) click the icon to view payroll
need help solving
Park Company had the Bartially completed payroll register (Click the icon to view tal payroll register) click the icon to view payroll tax rate information) Read the requirements Requirement 1. Complete the payroll register. Round to two decimals (Round all amounts to the nearest cont. Abbreviations used Beg Beginning = Insurance With = Withholdings: Chk Check) Earnings Withholdings Salarios and Ending Cum. Total Net Chk Income Health United Tax Ins. Way Wages Exp. OASDI Med. With Pay No. $ 76 5 25 801 802 Eam. 84 800 118900 60700 68200 760 $ 1,825 Beg Current Cum. Period Earn. Eam. $ 81,000 $ 3.800 111,600 7.300 58 000 2.700 64,500 3,700 0 1,500 $ 315,100 $ 19.000 146 50 540 54 0 803 74 15 925 375 804 805 1500 30 0 $ 4.425 $ 334100 90 380 $ More Info tive, Ea For all payroll calculations, use the following tax rates and round amounts to the nearest cent Employee OASDI: 6.2% on first $118,500 earned: Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000 Employer. OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% on all earnings, FUTA: 0.6% on first $7,000 earned, SUTA: 5.4% on first $7,000 earned Print Done 425 $ 380 $ 90 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started