Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help Payroll Register and Payroll Journal Entry 1. Prepare the FEDERAL WITHOLDING TAX TABLES SINGLE Persons-WEEKLY Payroll Period (For Wages Paid through December 31,

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Please help

Payroll Register and Payroll Journal Entry

1.Prepare the

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
FEDERAL WITHOLDING TAX TABLES SINGLE Persons-WEEKLY Payroll Period (For Wages Paid through December 31, 2015) And the wages are And the number of withholding allowances claimed is- 2 3 4 5 6 7 8 9 10 At least But less than The amount of income tax to be withheld is- $300 $310 $30 $19 $11 $3 $0 $0 $0 $0 $0 50 0 0 0 310 320 32 20 12 4 0 0 0 320 330 33 22 13 0 0 0 0 0 0 0 330 340 35 23 14 0 0 0 6 0 0 0 0 0 0 0 340 350 36 25 15 7 0 0 0 0 0 350 360 38 26 16 8 0 0 0 0 0 O 0 0 0 0 O 28 9 1 360 370 39 17 O O O 370 380 41 29 18 10 2 0 0 0 O 0 0 O 42 3 380 390 31 19 11 0 0 0 O O 400 44 32 21 12 4 0 0 0 390 0 0 O 400 410 45 34 22 13 5 0 0 24 14 6 0 0 0 0 O O 410 420 47 35 0 0 O 7 0 0 15 420 430 48 37 25 0 0 0 440 50 38 27 16 8 O O 430 28 17 9 2 0 0 0 0 51 40 440 450 O 10 3 0 0 0 0 460 53 41 30 18 450 0 0 0 0 0 54 43 31 20 11 4 460 470 21 12 5 0 0 0 0 56 33 470 480 44 O 23 13 6 0 0 0 0 57 46 34 480 490 0 0 O 47 36 24 14 7 0 0 500 59 490 0 15 8 0 0 0 0 60 49 37 26 500 510 O O 1 0 0 62 50 39 27 16 9 510 520 0 0 0 2 0 530 63 52 40 29 17 10 520 0 O 11 3 0 0 540 65 53 42 30 19 530 0 0 0 0 20 12 A 550 66 55 43 32 540 0 0 0 5 0 56 45 33 22 13 560 68 O 550 0 0 0 35 570 69 58 46 23 14 6 O 560 7 0 0 0 25 15 59 48 36 O 580 71 0 570 26 8 0 590 72 61 49 38 16 580FEDERAL WITHOLDING TAX TABLES SINGLE Persons - WEEKLY Payroll Period ( For Wages Paid through December 31 , 2015 ) And the wages are - At least O And the number of withholding allowances claimed is - But less than 3 4 5 7 8 590 9 10 600 The amount of income tax to be withheld is - 74 600 57 39 610 28 17 9 75 04 610 620 70 70 LL 620 54 4 6 37 630 79 78 67 630 55 44 32 21 640 80 68 540 57 45 34 2.7 650 87 70 650 47 35 660 24 83 71 60 660 48 670 37 25 15 84 670 73 61 50 38 N 680 86 74 63 680 51 40 28 690 87 76 64 690 53 41 30 18 700 68 77 66 54 700 43 37 710 20 90 79 67 56 710 44 33 21 720 92 80 69 57 46 720 34 23 730 93 OZ 70 59 47 730 36 24 740 14 95 83 72 60 49 37 740 26 750 96 85 73 62 39 27 16 750 760 86 86 75 63 52 40 17 760 770 88 16 65 53 42 30 78 770 11 780 102 89 10 66 55 43 32 20 12 780 790 104 91 $56 45 33 21 73 5 790 800 107 92 81 69 58 46 35 23 14FEDERAL WITHOLDING TAX TABLES MARRIED Persons - WEEKLY Payroll Period ( For Wages Paid through December 31 , 2015 ) And the wages are* And the number of withholding allowances claimed is - 3 At least 7 8 9 10 But less than The amount of income tax to be withheld is - $300 $310 $ 74 DU 80 80 80 DO OS 310 320 75 320 330 16 330 340 71 9 340 3.50 78 350 360 19 11 360 370 20 12 370 380 21 13 0 10 0 38( 390 22 14 O O 10OOOO 0 0 390 400 23 15 00 400 410 24 16 0 O 410 420 25 17 10 ~ 30 0 0 420 430 26 18 O' 430 440 27 19 12 0 440 450 28 20 0 450 460 29 21 14 0 0 460 170 30 22 15 470 480 31 23 16 00 O 480 490 32 24 OOO 490 500 33 25 18 N 0 500 510 34 26 79 0 510 520 35 27 20 12 0 520 530 JO 28 21 w 530 540 85 29 22 14 540 550 30 68 23 15 550 560 47 37 24 16 00 560 570 4 L 25 17 9 580 26 18 10 O 570 3 3 O 44 w 580 590 45 34 27 19 17 O O 0 O OFEDERAL WITHOLDING TAX TABLES MARRIED Persons - WEEKLY Payroll Period ( For Wages Paid through December 31 , 2015 ) And the wages are - And the number of withholding allowances claimed is - 8 9 10 At least But less than The amount of income tax to be withheld is - 590 600 41 35 20 20 72 600 610 87 37 27 73 6 610 620 50 JU 620 630 LG 40 LE 75 630 640 53 47 24 78 76 9 640 650 54 43 33 25 17 650 660 56 44 34 26 18 11 660 670 57 46 35 27 19 12 670 680 59 47 36 28 20 13 680 690 60 49 37 29 21 14 690 700 62 50 39 30 22 15 700 710 63 52 40 31 23 710 720 65 53 42 32 24 17 720 730 66 55 43 33 25 18 O 730 740 68 56 45 34 26 19 740 750 58 46 35 27 20 N 6.9 750 760 71 59 48 36 28 21 13 760 770 72 67 49 30 29 22 14 770 780 74 57 23 75 780 790 GA 1.4 37 24 76 8 790 800 77 Vy 41 32 25 17 9 800 810 78 67 5.5 23. 3 26 78 10 1 , 300 1 , 310 153 742 730 179 707 96 84 72 67 4.9 38 1 , 310 1 , 320 155 143 732 120 709 74 62 51 39 1 , 320 1 , 330 156 145 133 122 110 87 75 64 52 47 1 , 330 1 , 340 158 146 135 123 712 100 77 54 4 6 88 1 , 340 1 , 350 159 148 136 125 1 13 90 78 4 4 GG 19 1 , 360 161 149 138 126 115 91 57 45 1 , 350 103 80 68 1 , 360 1 , 370 162 151 139 128 116 105 93 81 70 58 47FEDERAL WITHOLDING TAX TABLES MARRIED Persons-WEEKLY Payroll Period (For Wages Paid through December 31, 2015) And the wages are- And the number of withholding allowances claimed is- 0 2 3 5 6 7 8 9 10 At least But less than The amount of income tax to be withheld is- 1,370 1,380 164 152 141 129 118 106 94 83 71 60 48 1,380 1,390 165 154 142 131 119 108 96 84 73 61 50 1,390 1,400 167 155 144 132 121 109 97 86 74 63 51Chart Of ACCOUNTS CHART OF ACCOUNTS Trenkamp Collection General Ledger ASSETS REVENUE 101 Cash 401 Sales 142 Supplies 145 Prepaid Insurance* EXPENSES 181 Office Equipment 51 1 Wages and Salaries Expense 181. 1 Accumulated Depreciation - Office Equipment 521 Rent Expense 523 Office Supplies Expense* LIABILITIES 5.3.3 Utilities EXPENSE* 202 Accounts Payable* 535 Insurance Expense* 203 United Way Contributions Payable 541 Depreciation Expense - Office Equipment 211 Employee Federal Income Tax Payable* 549 Miscellaneous EXPENSE 212 Social Security Tax Payable 213 Medicare Tax Payable* 215 State Income Tax Payable* 216 Health Insurance Premiums Payable 217 Credit Union Payable*_hart of Accounts 101 Cash 40 1 Sales 142 Supplies 145\\ Prepaid Insurance* EXPENSES 181 Office Equipment 571 Wages and Salaries Expense 181 . 1 Accumulated Depreciation - Office Equipment* 521 Rent Expense 523 Office Supplies Expense LIABILITIES 5.3.3 Utilities Expense* 202 Accounts Payable 5.35 Insurance Expense* 203 United Way Contributions Payable* 541 Depreciation Expense - Office Equipment* 211 Employee Federal Income Tax Payable* 549 Miscellaneous Expense* 212 Social Security Tax Payable* 213 Medicare Tax Payable 215 State Income Tax Payable* 216 Health Insurance Premiums Payable* 217 Credit Union Payable* EQUITY 31 1 Capital 313 Income Summary 321 Drawing[ Please Help Payroll Register and X| [ Problem 8 - 84\\ * * - Cengage NOW V Z / Online teachin X* X 4 7 C D & https: / / V 2 . cengagenow . com / i'm / take Assignment / take Assignment Main . do ? invoker = assignments & take Assignment Session Locator = assignment -take &inprogress = false* Q & O Q u ` Devry University*{ Welcome - HR. [ Mail - bpoindexter Z .` . [ WWE Network / W.\\ = Navient / Log In 28 Recommended [ Log In / Serve from ." A Banking Services : C . [ canvas [ Hinds Community .\\ {" Professional Paper ." FREE shipping offer , ...` * | [ Other bookmarks Instructions Payroll Register and Payroll Journal Entry* amount columns . Round your answers to the nearest cent .\\ 2 . Assuming that the wages for the week ended March 22 were paid on March 24 , prepare the journal entry for the payment of the payroll . When required , enter amounts in dollars and cents . If an amount box does not require an entry , leave it blank . journal .\\ the regular rate for working over 40 hours a week ." No . Of Marital Total Hours Total Earnings Name* Allowances Status Worked Mar . 16 - 22 Rate Jan . 1 - Mar . 15 Bacon , Andrea 45 $ 12 $5 , 480 cole , Andrew 40 12 5 , 760 Hicks , Melvin M 44 10. 50 4 , 950 Leung , Cara 36 1 1 5 , 125.50 Melling , Melissa 40 10.50 4 , 720.50 Social Security tax is withheld from the first $ 1 18 , 500 of earnings at the rate of 6 . 2%/0 . Medicare tax is withheld at the rate of 1 . 45% , and city earnings tax at the rate of 1% , both applied to gross pay . Bacon and Leung have* $ 15 withheld and Cole and Hicks have $5 withheld for health insurance . Bacon and Leung have $20 withheld to be invested in the travel agency's credit union . Cole has $38 . 75 withheld and Hicks has $18 . 75 withheld under a savings bond purchase plan ." Mary's Luxury Travel's payroll is met by drawing checks on its regular bank account . The checks were issued in sequence , beginning with Check NO. 423 . Progress : 1/1 items THEdayyr wars 2 more Check My Work uses remaining ." Assignment Score : 0 . 0 % GENBEING }^\\ O Type here to search I G | {`| 2}[ Please Help Payroll Register and X| [ Problem 8 - 84\\ *` Cengage NOW V Z / Online teachin X* X 4 7 C D & https: / / V2 . cengagenow . com/ ilm / take Assignment / take Assignment Main . do ? invoker = assignments &take Assignment Session Locator = assignment -take &linprogress = false* Q & O Q u ` Devry University*{ Welcome - HR. [ Mail - bpoindexter ? .\\ . [ WWE Network / W.` = Navient / Log In 28 Recommended [ Log In / Serve from ." A Banking Services : C . [ canvas [ Hinds Community .` {" Professional Paper .\\ FREE shipping offer *.` * | [ Other bookmarks \\ BellANTERIOR Payroll Register and Payroll Entry 1 . Prepare a payroll register for Mary's Luxury Travel for the week ended March 22 , 20 - - . ( In the Taxable Earnings / Unemployment Compensation column , enter the same amounts as in the Social Security column . ) Total the amount columns . Round your answers to the nearest cent ." Payroll Register for Period Ended March 22 Earnings Taxable Earnings Deductions NO . 1 Marit . Cumulative Unemploy . Social Federal Social Income Security Medicare Health Name Allow . Status Regular overtime Total Total Comp . Security Tax Tax Tax City Tax Insurance Other Total Bacon ,\\ > Other bookmarks Problem 8-9A eBook Calculator . PR.08.09A. Guided Instructions Payroll Register and Payroll Entry General Journal and Payroll Entry X 's Luxury Travel for the week ended March 22, 20--. (In the Taxable Earnings/Unemployment Compensation column, enter the same amounts as in the Social Security column. ) Total the amount nearest cent. Payroll Register for Period Ended March 22 20-- Earnings Taxable Earnings Deductions Cumulative Unemploy. Social Federal Social Medicare Health Overtime Total Total Comp. Security Income Security Tax Tax Tax City Tax Insurance Other Total Net Pay Ck. No. Progress: 1/1 items Check My Work 2 more Check My Work uses remaining Assignment Score: 0.0% Save and Exit Submit Assignment for Grading H O Type here to search a 12:37 AM 4/20/2019

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Intelligence A Managerial Perspective on Analytics

Authors: Ramesh Sharda, Dursun Delen, Efraim Turban

3rd edition

133051056, 978-0133051056

More Books

Students also viewed these Accounting questions

Question

3. What is my goal?

Answered: 1 week ago

Question

2. I try to be as logical as possible

Answered: 1 week ago