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PLEASE CORRECT PART (a). Thank you. Lily Company has the following data for the weekly payroll ending January 31. Hours Employee M T W T
PLEASE CORRECT PART (a).
Thank you.
Lily Company has the following data for the weekly payroll ending January 31. Hours Employee M T W T F S Hourly Rate Federal Income Tax Withholding Health Insurance L. Helton 9 8 8 8 10 2 $12 $35 $11 R. 7 9 8 7 7 4 14 Kenseth 37 26 D. 9 11 9 9 9 0 15 Tavaras 58 25 Employees are paid 1.5 times the regular hourly rate for all hours worked in excess of 40 hours per week. FICA taxes are 7.65% on the first $127,200 of gross earnings. Lily Company is subject to 5.4% state unemployment taxes and 0.8% federal unemployment taxes on the first $7,000 of gross earnings. (a) Your answer is partially correct. Prepare the payroll register for the weekly payroll. (Round answers to 2 decimal places, e.g. 15.25.) LILY COMPANY Payroll Register For the Week Ending January 31 Earnings Employee Total Hours Regular Overtime Gross Pay FICA Taxes L. Helton 45 480 $ 90 570 43.61 R. Kenseth 42 560 36 596 45.59 D. Tavaras 47 600 126 726 55.54 Totals $ $ 1640 $ 252 SA 1892 144.74Step by Step Solution
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