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Need help! This is all the information I got for this assignment. lem 10.3A.pdf 1/2 Problem 10.3A Complete the payroll register for the week ending
Need help!
This is all the information I got for this assignment.
lem 10.3A.pdf 1/2 Problem 10.3A Complete the payroll register for the week ending December 21: cells highlighted pink require an amount to be entered. Cells with a red border (totals and all net pay amounts) will turn green if your answer is correct. Federal Income Tax is entered for you. Hover over a column title for tips on how to complete the column Cells with a zero value will show up as dashes - this is normal. On a separate page, journalize (1) the payroll, (2) the employer's payroll tax expense, and (3) the payment of wages to employees on December 23. The FUTA rate is 6% on the first $7,000 of employee earnings and the SUTA rate is 2.3% on the first $53,000 of employee earnings. Current Earnings No. of Marital Allow Status Cumulative Earings No. of Hours Name Rate Updated Cumulative Earnings Regular Overtime Earings Total Dodger Grace 4 M 47 $16.70 32 860.00 53972.00 Dollar, Ron 1 M 49 26.90 Garcia Alex 3 S 57,300.00 43 28.50 Russell, Red 0 S 26.620.00 40 13.70 Totals 170 752.00 Taxable Earnings Deductions Federal Medicare Income Tax Name Social Security Medicare FUTA SUTA Social Security Total Deductions Net Pay Dodger, Grace Dollar Ron 112.00 258.00 Garcia Alex Russell, Red 323.00 67.00 760.00 Instructions: journalize the payroll (employee wages, deductions, & net pay), the employer's payroll tax expense, and the payment of wages to employees on December 23. Record each as a compound entry. You'll have three journal entries - no more, no less General Journal Date Accounts Debit Credit lem 10.3A.pdf 1/2 Problem 10.3A Complete the payroll register for the week ending December 21: cells highlighted pink require an amount to be entered. Cells with a red border (totals and all net pay amounts) will turn green if your answer is correct. Federal Income Tax is entered for you. Hover over a column title for tips on how to complete the column Cells with a zero value will show up as dashes - this is normal. On a separate page, journalize (1) the payroll, (2) the employer's payroll tax expense, and (3) the payment of wages to employees on December 23. The FUTA rate is 6% on the first $7,000 of employee earnings and the SUTA rate is 2.3% on the first $53,000 of employee earnings. Current Earnings No. of Marital Allow Status Cumulative Earings No. of Hours Name Rate Updated Cumulative Earnings Regular Overtime Earings Total Dodger Grace 4 M 47 $16.70 32 860.00 53972.00 Dollar, Ron 1 M 49 26.90 Garcia Alex 3 S 57,300.00 43 28.50 Russell, Red 0 S 26.620.00 40 13.70 Totals 170 752.00 Taxable Earnings Deductions Federal Medicare Income Tax Name Social Security Medicare FUTA SUTA Social Security Total Deductions Net Pay Dodger, Grace Dollar Ron 112.00 258.00 Garcia Alex Russell, Red 323.00 67.00 760.00 Instructions: journalize the payroll (employee wages, deductions, & net pay), the employer's payroll tax expense, and the payment of wages to employees on December 23. Record each as a compound entry. You'll have three journal entries - no more, no less General Journal Date Accounts Debit Credit Step by Step Solution
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