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Prepare payroll register and payroll entries. Otto Drug Store has four employees who are paid on an hourly basis plus time-and-a-half for all hours worked
Prepare payroll register and payroll entries. Otto Drug Store 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 February 15, 2014 are shown below. Federal Income United Employe Hours Hourly Tax withhol Contrib Fund e Worked Rate dings utions M. Dingler 45 $12.00 $34 $0 D. Patel 42 12 20 10 L. Grimmet t 44 13 51 A. Bly 46 10 36 in in 5 5 The following tax rates are applicable: FICA 7.65%, state income taxes 3%, state unemployment taxes, 5.4%, and federal unemployment 0.8%. Instructions (a) Prepare a payroll register for the weekly payroll. NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a
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