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O O O Requirement 1. Complete the payroll register. Round to two decimals. (Round all amounts to the nearest cent. Abbreviations used: Beg. = Beginning;
O O O Requirement 1. Complete the payroll register. Round to two decimals. (Round all amounts to the nearest cent. Abbreviations used: Beg. = Beginning; Cum. = Cumulative; Earn. = Earnings; Ex Withholdings; Chk = Check.) Earnings Beg. Current Ending Cum. Period Cum. Earn. Earn. Earn. $77,000 $ 4,400 81,400 145,000 8,000 153,000 52,000 2,300 54,300 61,000 3,400 64,400 0 1,000 1,000 $ 335,000 $19,100 354,100 OASDI Payroll Tax Rate Information Help me solve this Med. Calculator Withholdings Income Health Charity Total Tax Fund With. Ins. 132 $ 160 69 68 30 459 $ Print $ 1,408 $ 2,960 736 1,258 370 $ 6,732 $ For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: Employer: OASDI: 6.2% on first $147,000 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. 40 5 OASDI: 6.2% on first $147,000 earned; Medicare: 1.45%; FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned. 0 45 0 90 Done - Net Pay ... Chk No. 801 802 803 804 805 Salaries and Wages Exp. Requirements 1. Complete the payroll register. Round to two decimals. 2. Journalize State Company's salaries and wages expense accrual for the current pay period. 3. Journalize State Company's expenses for employer payroll taxes for the current pay period. 4. Journalize the payment to employees. 5. Journalize the payment for withholdings and employer payroll taxes. Print Done
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