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Please explain the unanswered questions Crane Hardware has four employees who are paid on an hourly basis plus time-and-a-half for all hours worked in excess
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Crane Hardware has four employees who are paid on an hourly basis plus time-and-a-half for all hours worked in excess of 40 a week. Payroll data for the week ended March 15, 2022, are presented below. Abel and Hager are married. They claim 0 and 4 withholding allowances, respectively. The following tax rates are applicable: FICA 7.65%, state income taxes 3%, state unemployment taxes 5.4\%, and federal unemployment 0.6%. Prepare a paviou register for the weeklypayfoll: No emplovee has reached the Social Security limit of $132900or the Earnings \begin{tabular}{lcrr} Employee & & Hours & \multicolumn{2}{c}{ Regular } \\ \cline { 4 - 4 } Ben Abel & 40 & $300 \\ Rita Hager & 43 & 680 \\ Jack Never & 45 & 520 \\ Sue Perez & 47 & $5 \\ \hline \end{tabular} Date Account Titles and Explanation Debit Credit Mar. 15 Salaries and Wages Expense FICA Taxes Payable Federal Income Taxes Payable State Income Taxes Payable United Fund Contributions Payable Salaries and Wages Payable (To record payroll) Mar. 15 Payroll Tax Expense FICA Taxes Payable Federal Unemployment Taxes Payable State Unemployment Taxes Payable Journalize the payment of the payroll on March 16, 2022. (Round answers to 2 decimal places, e.g. 15.25. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Journalize the deposit in a Federal Reserve bank on March 31, 2022, of the FICA and federal income taxes payable to the government. (Round answers to 2 decimal places, e.g. 15.25. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
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