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please help me this question with 3 parts. Thanks so much 5. Del Hardware has four employees who are paid on an hourly basis plus
please help me this question with 3 parts. Thanks so much
5. Del Hardware has four employees who are paid on an hourly basis plus time-and-a-half for all hours worked in excess of 40 per week. Payroll data for the week ended March 15 2016 are presented below. Federal Income United Employee Hours Worked Hourly Rate Tax Withheld Fund Joe Devena 40 $15 $5 Mary Keener 42 15 Andy Dye 44 13 60 Kim Shen 46 13 61 Devena and Keener are married. They claim 0 and 4 withholding allowances, respectively. The following tax rates are applicable: FICA-OASDI 2% of the first $110,000; FICA-HI 1.45 of all wages, state income taxes 3% of gross pay; state unemployment taxes 3.4% of the first $7,000 paid to each employee; and federal unemployment taxes 0.6% of the first $7,000 paid to each employee. (At this point, all employees are still under all tax limits) 5. (continued) REQUIRED: A. Prepare a payroll register for the weekly payroll. (Use Withholding Table Attachment to determine Devena and Keener's federal tax withholding). B. Prepare the journal entries to record the payroll and Del Hardware's payroll tax expense. C. Prepare the journal entry to record the deposit of the FICA and federal income taxes payable to the governmentStep by Step Solution
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