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Problem 10.2A Computing gross earnings, determining deductions, preparing payroll register, journalizing payroll transactions. LO 10-2, 10-3, 10-4, 10-5 City Place Movie Theaters has four employees

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Problem 10.2A Computing gross earnings, determining deductions, preparing payroll register, journalizing payroll transactions. LO 10-2, 10-3, 10-4, 10-5 City Place Movie Theaters has four employees and pays them on an hourly basis. During the week beginning June 24 and ending June 30, 2019. these employees worked the hours shown below. Information about hourly rates, marital status, withholding allowances, and cumulative earnings prior to the current pay period also appears below. Consider any hours worked beyond 40 in the week as overtime hours and overtime pay at one and one-half times their regular hourly rate. Employee Andy Anderson Regular Hourly Marital withholding Culative Hours worked Rate Status Allowances Earnings $17,510 10.30 Required: 2. Compute the regular overtime, and gross earnings for each employee Enter the figures in the payroll register 3. Compute the amount of social security tax to be withheld from each employee's earnings. Assume a 6.2 percent social security - rate on the first $122.700 earned by the employee during the year Enter the figures in the payroll register. 4. Compute the amount of Medicare tax to be withheld from each employee's earnings. Assume a 145 percent Medicare tax rate on all salaries and wages eamed by the employee during the year Enter the figures in the payroll register. 5. Determine the amount of federal income tax to be withheld from each employee's total earings. Use the tax tables in Figure 102 & Egure 102. Enter the figures in the payroll register 6. Compute the net pay of each employee and enter the figures in the payroll register 7. Total and prove the payroll register 8. Prepare a general journal entry to record the payroll for the week ended June 30, 2019 9. Record the general journal entry to summarize payment of the payroll on July 3, 2019 Analyzer What are Andy Anderson's cumulative earnings on June 30, 2019? Complete this question by entering your answers in the tabs below. Payroll General Analyze Register Journal Compute the regular, overtime, gross earnings, social security tax and Medicare tax to be withheld from each employee's earnings. Assume a 6.2 percent social security rate on the first $122,700 earned by the employee during the year. Assume a 1.45 percent Medicare tax rate on all salaries and wages earned by the employee during the year. Determine the amount of federal income tax to be withheld from each employee's total earnings. Use the table shown in Figure 10.2A Figure 10.28 whichever is applicable). Finally compute the net pay of each employee. (Round your intermediate calculations and final answers to 2 decimal places.) Show less Payroll register W eek beginning June 24, 2018 Earrings Employee ReOvertime e a rning Medicare income tax N ount U y ear Enter the res in the payrore 4. Compute the amount of Medicare to be wild from each employee's comings. Asume at45 percent Medicare a salaries and wages earned by the employee during the year. Enter the figures in the payroll register 5. Determine the amount of federal income tax to be withheld from each employee's toteamings. Use the tax tables in Egure 102 6 ore 102 Enter the figures in the payroll register 6. Compute the net pay of each employee and enter the figures in the payroll register Z. Total and prove the payroll register 8. Prepare a general journal entry to record the payroll for the week ended June 30, 2019 9. Record the general journal entry to summarire payment of the payroll on July 3, 2019 Analyze What are Andy Anderson's cumulative earnings on June 30, 20197 Complete this question by entering your answers in the tabs below General Payroll Register Analyze Compute the regular, overtime, gross earnings, social security tax and Medicare tax to be withheld from each employee's earnings. Assume a 6.2 percent social security rate on the first $122,700 earned by the employee during the year. Assume a 1.45 percent Medicare tax rate on all aries and wages earned by the employee during the year. Determine the amount of federal income tax to be withheld from each employee's total earnings. Use the table shown in Figure 10.2A & Figure 10.28 whichever is applicable). Finally compute the net pay of each employee. (Round your intermediate calculations and final answers to 2 decimal places) Show less Week beginnin June 24, 2019 And ending: June 10, 2019 Paid: July 3, 2011 Employee Regular Overtime earnings Cumulative Gross amount earnings Medicare Social Medicare Income tax Net amount warnings Andy Anderson Roma Benson Frank Cortez Winter Wise General Journal > Analyze What are Andy Anderson's cumulative earnings on June 30, 2019? Complete this question by entering your answers in the tabs below. Payroll Register General Journal Analyze Prepare a general journal entry to record the payroll expenses and also summarize payment of the payroll for the week ended June 30, and July 3, 2019. (Round your intermediate calculations and final answers to 2 decimal places.) View transaction list Journal entry worksheet 12 Record the company's payroll to be paid at a later date. Note: Enter debits before credits. General Journal Debit Date Credit June 30, 2019 View general Journal Record entry Clear entry (Payroll Register Analyze > Total and prove the payrore Prepare a generasjournal y to record the payroll for the weekendene 30 201 Record the general jouma entry to m arre payment of the payroon July 3, 2013 Analyze What are Andy Anderson's cumulative carings on June 30, 2017 Complete this question by entering your answers in the tabs below Payroll Register General Journal I analyze Prepare a general journal entry to record the payroll expenses and also summarize payment of the payroll for the week ended 30, and July 3, 2019. (Round your intermediate calculations and final answers to 2 decimal places.) Journal entry worksheet Problem 10.2A Computing gross earnings, determining deductions, preparing payroll register, journalizing payroll transactions. LO 10-2, 10-3, 10-4, 10-5 City Place Movie Theaters has four employees and pays them on an hourly basis. During the week beginning June 24 and ending June 30, 2019, these employees worked the hours shown below. Information about hourly rates, marital status, withholding allowances, and cumulative earnings prior to the current pay period also appears below. Considerary hours worked beyond 40 in the week as overtime hours and overtime pay at one and one-half times their regular hourly rate Houts Hoked Rate ployee Andy Anderson Required: 2. Compute the regular, overtime, and gross earnings for each employee. Enter the figures in the payroll register 3. Compute the amount of social security tax to be withheld from each employee's earnings. Assume a 6.2 percent social security rate on the first $122.700 cerned by the employee during the year. Enter the figures in the payrollregister 4. Compute the amount of Medicare tax to be withheld from each employee's earnings. Assume a 145 percent Medicare tax rate on all salaries and wages earned by the employee during the year. Enter the figures in the payroll register 5. Determine the amount of federal income tax to be withheld from each employee's total amings. Use the tax tables in our 10 20 & Equr 10. 20. Enter the figures in the payrollregister 6. Compute the net pay of each employee and enter the figures in the payroll register 7. Total and prove the payroll register 8. Prepare a general Journal entry to record the payroll for the week ended June 30, 2019 9. Record the general journal entry to summarice payment of the payroll on July 3, 2019 Analyze: What are Andy Anderson's cumulative earnings on June 30, 2019? Complete this question by entering your answers in the tabs below. Payroll Register General Journal Analyze What are Andy Anderson's cumulative earnings on June 30, 20197 (Round your intermediate calculations and final answer to 2 decimal places.) (General Journal Prev 1 2 Next > Problem 10.2A Computing gross earnings, determining deductions, preparing payroll register, journalizing payroll transactions. LO 10-2, 10-3, 10-4, 10-5 City Place Movie Theaters has four employees and pays them on an hourly basis. During the week beginning June 24 and ending June 30, 2019. these employees worked the hours shown below. Information about hourly rates, marital status, withholding allowances, and cumulative earnings prior to the current pay period also appears below. Consider any hours worked beyond 40 in the week as overtime hours and overtime pay at one and one-half times their regular hourly rate. Employee Andy Anderson Regular Hourly Marital withholding Culative Hours worked Rate Status Allowances Earnings $17,510 10.30 Required: 2. Compute the regular overtime, and gross earnings for each employee Enter the figures in the payroll register 3. Compute the amount of social security tax to be withheld from each employee's earnings. Assume a 6.2 percent social security - rate on the first $122.700 earned by the employee during the year Enter the figures in the payroll register. 4. Compute the amount of Medicare tax to be withheld from each employee's earnings. Assume a 145 percent Medicare tax rate on all salaries and wages eamed by the employee during the year Enter the figures in the payroll register. 5. Determine the amount of federal income tax to be withheld from each employee's total earings. Use the tax tables in Figure 102 & Egure 102. Enter the figures in the payroll register 6. Compute the net pay of each employee and enter the figures in the payroll register 7. Total and prove the payroll register 8. Prepare a general journal entry to record the payroll for the week ended June 30, 2019 9. Record the general journal entry to summarize payment of the payroll on July 3, 2019 Analyzer What are Andy Anderson's cumulative earnings on June 30, 2019? Complete this question by entering your answers in the tabs below. Payroll General Analyze Register Journal Compute the regular, overtime, gross earnings, social security tax and Medicare tax to be withheld from each employee's earnings. Assume a 6.2 percent social security rate on the first $122,700 earned by the employee during the year. Assume a 1.45 percent Medicare tax rate on all salaries and wages earned by the employee during the year. Determine the amount of federal income tax to be withheld from each employee's total earnings. Use the table shown in Figure 10.2A Figure 10.28 whichever is applicable). Finally compute the net pay of each employee. (Round your intermediate calculations and final answers to 2 decimal places.) Show less Payroll register W eek beginning June 24, 2018 Earrings Employee ReOvertime e a rning Medicare income tax N ount U y ear Enter the res in the payrore 4. Compute the amount of Medicare to be wild from each employee's comings. Asume at45 percent Medicare a salaries and wages earned by the employee during the year. Enter the figures in the payroll register 5. Determine the amount of federal income tax to be withheld from each employee's toteamings. Use the tax tables in Egure 102 6 ore 102 Enter the figures in the payroll register 6. Compute the net pay of each employee and enter the figures in the payroll register Z. Total and prove the payroll register 8. Prepare a general journal entry to record the payroll for the week ended June 30, 2019 9. Record the general journal entry to summarire payment of the payroll on July 3, 2019 Analyze What are Andy Anderson's cumulative earnings on June 30, 20197 Complete this question by entering your answers in the tabs below General Payroll Register Analyze Compute the regular, overtime, gross earnings, social security tax and Medicare tax to be withheld from each employee's earnings. Assume a 6.2 percent social security rate on the first $122,700 earned by the employee during the year. Assume a 1.45 percent Medicare tax rate on all aries and wages earned by the employee during the year. Determine the amount of federal income tax to be withheld from each employee's total earnings. Use the table shown in Figure 10.2A & Figure 10.28 whichever is applicable). Finally compute the net pay of each employee. (Round your intermediate calculations and final answers to 2 decimal places) Show less Week beginnin June 24, 2019 And ending: June 10, 2019 Paid: July 3, 2011 Employee Regular Overtime earnings Cumulative Gross amount earnings Medicare Social Medicare Income tax Net amount warnings Andy Anderson Roma Benson Frank Cortez Winter Wise General Journal > Analyze What are Andy Anderson's cumulative earnings on June 30, 2019? Complete this question by entering your answers in the tabs below. Payroll Register General Journal Analyze Prepare a general journal entry to record the payroll expenses and also summarize payment of the payroll for the week ended June 30, and July 3, 2019. (Round your intermediate calculations and final answers to 2 decimal places.) View transaction list Journal entry worksheet 12 Record the company's payroll to be paid at a later date. Note: Enter debits before credits. General Journal Debit Date Credit June 30, 2019 View general Journal Record entry Clear entry (Payroll Register Analyze > Total and prove the payrore Prepare a generasjournal y to record the payroll for the weekendene 30 201 Record the general jouma entry to m arre payment of the payroon July 3, 2013 Analyze What are Andy Anderson's cumulative carings on June 30, 2017 Complete this question by entering your answers in the tabs below Payroll Register General Journal I analyze Prepare a general journal entry to record the payroll expenses and also summarize payment of the payroll for the week ended 30, and July 3, 2019. (Round your intermediate calculations and final answers to 2 decimal places.) Journal entry worksheet Problem 10.2A Computing gross earnings, determining deductions, preparing payroll register, journalizing payroll transactions. LO 10-2, 10-3, 10-4, 10-5 City Place Movie Theaters has four employees and pays them on an hourly basis. During the week beginning June 24 and ending June 30, 2019, these employees worked the hours shown below. Information about hourly rates, marital status, withholding allowances, and cumulative earnings prior to the current pay period also appears below. Considerary hours worked beyond 40 in the week as overtime hours and overtime pay at one and one-half times their regular hourly rate Houts Hoked Rate ployee Andy Anderson Required: 2. Compute the regular, overtime, and gross earnings for each employee. Enter the figures in the payroll register 3. Compute the amount of social security tax to be withheld from each employee's earnings. Assume a 6.2 percent social security rate on the first $122.700 cerned by the employee during the year. Enter the figures in the payrollregister 4. Compute the amount of Medicare tax to be withheld from each employee's earnings. Assume a 145 percent Medicare tax rate on all salaries and wages earned by the employee during the year. Enter the figures in the payroll register 5. Determine the amount of federal income tax to be withheld from each employee's total amings. Use the tax tables in our 10 20 & Equr 10. 20. Enter the figures in the payrollregister 6. Compute the net pay of each employee and enter the figures in the payroll register 7. Total and prove the payroll register 8. Prepare a general Journal entry to record the payroll for the week ended June 30, 2019 9. Record the general journal entry to summarice payment of the payroll on July 3, 2019 Analyze: What are Andy Anderson's cumulative earnings on June 30, 2019? Complete this question by entering your answers in the tabs below. Payroll Register General Journal Analyze What are Andy Anderson's cumulative earnings on June 30, 20197 (Round your intermediate calculations and final answer to 2 decimal places.) (General Journal Prev 1 2 Next >

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