PHARMACY PAYROLL
Module 7 Task 7.2 Part 1 After evaluating the information provided by the La Nueva Era bookstore employees: . Determine the amounts that must be reported in the employees' W2, considering that they all worked 52 weeks. 2. Calculate the payment of Social Security (applying 6.40%) and Medicare (applying 1.45%) that the employer must make. . Calculate the state unemployment that the employer must pay at the rate of 6% of the first $ 10,000 the employee earns. 4. Make the entries to the wage related to the debts contracted with the different agencies in contributions by the employer. Name of the employee Weekly salary Withdrawal payment Juan del Pueblo 1,250.00 21.93 Ramonita Ramirez 950.00 37.12 Brenda montalvo 1,100.0 88.00 Camilo Monge 590.00 23.02 Jorge Emmanueli 860.00 92.00 Mariel estrada 1,020.00 48.00 Emanuel Reyes 750.00 25.60 Ernesto Ramirez 640.00 26.40 Daniela morales 1,000.00 32.68 Angel Carrasquillo 860.00 68.80 1. Determina cuales son las cantidades que se deben reportar en la W2 de los empleados, considerando que todos trabajaron 52 semanas. Total Employee Weekly Annual HH MC Retirement deductions Net SUTA salary YOUR TA $ lidate: Annual salary $ 469,040 SS $ 29,080.48 MC $ 6,801.08 Retirement $ 463.55 Net $ 432,694.89 Salary SUTA $ 100,000 SUTA $ 6,000 2. Calcula el pago de Seguro Social (aplicando el 6.40%)y 3. Calcula el desempleo estatal que debe pagar el patrono a razon Medicare (aplicando el 1.45%) que debe hacer el patrono. de 6% de los primeros $10,000 que el empleado se gana. HH MC YOUR TA $ lidate: SS $ 29,080.48 MC $ 6,801.08 SUTA $ 6,000 4. Realiza las entradas al jornal relacionadas con las deudas contraidas con las diferentes agencies en contribuciones por el patrono. Date Account REF Debit Credit lidate: Employer payroll expense $ 35,881.56 in debit / Social security payable - employer $ 29,080.48 in credit / Sum of all credits $ 41,881.56 Part 2 Supermercado Caridad offers its employees vacation benefits and contributes a 2% contribution to a 401K. Employees had total wages of $ 25,000 and vacation benefits of $ 28,460. . Calculate how much the employer contributes for the 401k. 2. Make the wage entries related to vacation pay. 3. Make the wage entries related to the 401K contribution. 1. Calcula cuanto aporta el patrono para el 401k. Wages Holidays Total benefits $ Contribution 401K lidate: Total benefits $ 153,460 2. Realiza las entradas de jornal relacionadas con el pago de vacaciones. Date Account Debit Credit Date Account REF Debit C Credit lidate: Vacation expense $ 28,460 in debit 3. Realiza las entradas de jornal relacionadas con la aportacion del 401K. Date Account REF Debit Credit Date Account REF Debit Credit lidate: 401K retirement plan payable in credit $ 3,069.20 Part 3 Performs an analysis of the rules and laws that regulate mandatory discounts and payments that payroll employers must make. You should write it in your own words in at least two five-sentence paragraphs
