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part 2 Arcade Mania has the following payroll information for the week ending November 21: Hours Worked Pay Rate Earnings at End of Previous Week

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part 2

Arcade Mania has the following payroll information for the week ending November 21: Hours Worked Pay Rate Earnings at End of Previous Week Filing Status Number of Withholdings Name Biggs, AI 40 $11.65 $21,536.00 Single 2. Cool, Ray 40 $11.50 $21,988.00 Single 1 Dell Don 40 $11.95 $21,160.00 Married 2 Evans, Pedro 49 $34.00 $137,280.00 Married 4 Frey, Belle 22 $10.50 $6,096.00 Married 2 Grayson, Nick 40 $11.00 $21,040.00 Married 1 Roberts, John 45 $14.25 $25,690.00 Single 0 Wayne, David 18 $10.75 $6,855.00 Married 2. Employees are paid weekly and paid time-and-a-half for work in excess of forty hours per week. All employees submitted Form W-4 in 2019 or earlier. Taxable earnings for Social Security are based on the first $137,700. Taxable earnings for Medicare are based on all earnings. Taxable earnings for federal and state unemployment are based on the first $7,000. State unemployment tax rate is 5.4% and federal unemployment tax rate is .6%. Instructions 1. Complete the payroll register, page 37. The Social Security tax rate is 6.2% for employees and employers and the Medicare tax rate is 1.45%. 2. Prepare a journal entry to record the payroll as of November 21. 3. Prepare a journal entry to record the payroll taxes as of November 21. 4. Journalize the entry to pay the payroll on November 23. Assume that the company has transferred cash to the Cash-Payroll Bank Account for this payroll. General Journal Post Ref Date Description Debit Credit 1 20-- 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18) 19 20 21 22 23 24 25 26 27 28 29 Payroll Register Payroll Journal Entries + Arcade Mania has the following payroll information for the week ending November 21: Hours Worked Pay Rate Earnings at End of Previous Week Filing Status Number of Withholdings Name Biggs, AI 40 $11.65 $21,536.00 Single 2. Cool, Ray 40 $11.50 $21,988.00 Single 1 Dell Don 40 $11.95 $21,160.00 Married 2 Evans, Pedro 49 $34.00 $137,280.00 Married 4 Frey, Belle 22 $10.50 $6,096.00 Married 2 Grayson, Nick 40 $11.00 $21,040.00 Married 1 Roberts, John 45 $14.25 $25,690.00 Single 0 Wayne, David 18 $10.75 $6,855.00 Married 2. Employees are paid weekly and paid time-and-a-half for work in excess of forty hours per week. All employees submitted Form W-4 in 2019 or earlier. Taxable earnings for Social Security are based on the first $137,700. Taxable earnings for Medicare are based on all earnings. Taxable earnings for federal and state unemployment are based on the first $7,000. State unemployment tax rate is 5.4% and federal unemployment tax rate is .6%. Instructions 1. Complete the payroll register, page 37. The Social Security tax rate is 6.2% for employees and employers and the Medicare tax rate is 1.45%. 2. Prepare a journal entry to record the payroll as of November 21. 3. Prepare a journal entry to record the payroll taxes as of November 21. 4. Journalize the entry to pay the payroll on November 23. Assume that the company has transferred cash to the Cash-Payroll Bank Account for this payroll. General Journal Post Ref Date Description Debit Credit 1 20-- 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18) 19 20 21 22 23 24 25 26 27 28 29 Payroll Register Payroll Journal Entries +

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