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Please help, the Regular totals doesn't seem correct despite my accurate calculation Payroll Summary The following data for Flexco Inc. relate to the payroll for
Please help, the "Regular" totals doesn't seem correct despite my accurate calculation
Payroll Summary The following data for Flexco Inc. relate to the payroll for the week ended December 9: Hours Hourly Federal U.S. Savings Weekly Salary Worked Rate Income Tax Bonds 52 $50.00 $667.00 $60 $4,000 860.00 100 Employee Carlton Grove Johnson Koufax Maddux 0 36 52.00 355.68 45 58.00 578.55 44 62 37 45.00 349.65 Seaver 3,200 768.00 120 46 382.20 Spahn Winn Young 52.00 50.00 48 75 572.00 480.60 54.00 30 43 Employees Grove and Seaver are office staff, and all of the other employees are sales personnel. All sales personnel are paid 1 times there excess of 40 hours per week. The social security tax rate is 6.0% of each employees annual earnings, and Medicare tax is 1.5% of each emp next payroll check to be used is No. 328. Required: 1. Prepare a payroll summary for Flexco Inc. for the week ended December 9. Assume the normal working hours in a week are 40 hours. Er numbers, Round your intermediate calculations and final answers to the nearest whole cent (two decimal places) Pavroll for Week Ending December 1. Prepare a payroll summary for Flexco Inc. for the week ended December 9. Assume the normal working hours in a week are 40 hours. Enter amounts as positive numbers. Round your intermediate calculations and final answers to the nearest whole cent (two decimal places). Payroll for Week Ending December 9 EARNINGS DEDUCTIONS Social Federal U.S. Total Security Medicare Income Savings Employee Hours Regular Overtime Total Tax Tax Tax Bonds Total Cariton 52 2,000 900 2,900 174 43.5 $667.00 $60.00 944.50 Grove 4,000 240 60 860.00 100.00 1,260,00 Johnson 36 1,872 1,872 112.32 28.08 355.68 496.08 ufax 45 2,320 435 2,755 165.3 41.33 578.55 44.00 829.18 Maddux 37 1,665 1,665 99.9 24.98 349.65 62.00 536.53 Seaver 3,200 192 48 768.00 120.00 1.128.00 Spahn 46 2.OBO 468 2,548 152.88 38.22 382.20 573.30 Winn 48 2,000 600 2,600 156 39 572.00 75.00 842 Young 43 2,160 243 2,403 144.18 36.05 480.60 80.00 740.83 Totals 14,097 X 2,646 23,943 1,436.58 359.15 5,013.68 541 7,350.42 Step by Step Solution
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