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Problem 11-03A a-d Vaughn Hardware has four employees who are paid on an hourly basis plus time-and-a-half for all hours worked in excess of 40
Problem 11-03A a-d Vaughn Hardware 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 March 15, 2020, are presented below. Employee Ben Abel Rita Hager Jack Never Sue Perez Hours Worked 40 42 Hourly Rate Withholdings Fund $5 $15 16 13 13 60 61 8 46 Abel and Hager are married. They claim 0 and 4 withholding allowances, respectively. The following tax rates are applicable: FICA 7.65%, state income taxes 3%, state unemployment taxes 5.4%, and federal unemployment 0.8% Prepare a payroll register for the weekly payroll. (Round answers to 2 decimal places, e.g. 15.25. MARRIED Persons - WEEKLY Payroll Period For Wages Paid through December 2017) If the wages are_ And the number of withholding allowances claimed is - 4 10 At least But less than The amount of income tax to be withheld is - 34 27 0 0 0 19 500 510 520 530 540 510 520 35 28 20 12 530 3729 21 540 38 30 22 550 40 31 23 15 13 14 0 0 560 41 3224 16 570 4333 25 1710 580 443426 1811 590 4635 27 1912 600 4736 28 20 13 550 560 570 580 590 4 610 49 38 29 21 14 620 6305241 600 610 620 630 640 50 39 30 22 15 31 23 16 53 42 32 24 17 55 44 33 25 18 10 650 56 45 34 26 19 11 58 47 35 27 20 12 59 48 37 28 21 13 4 650 660 670 680 690 6805 690 61 50 38 29 22147 700 62 51 40 30 2315 VAUGHN HARDWARE Payroll Register For the Week Ending March 15, 2020 Deductions Earnings Salaries and Wages Federal Income Tax State Income Employee Hours Regular Ben Abel Rita Hager 42 Jack Never 44 United Fund Total Overtime Gross Pay FICA Net PayExpense lax 40 46 Sue Perez Totals SHOW LIST OF ACCOUNTS Journalize the payroll on March 15, 2020, and the accrual of employer payroll taxes. (Round answers to 2 decimal places, e.g. 15.25. Credit account ti when amount is entered. Do not indent manually.) Date Account Titles and Explanation Credit Mar. 15 To record payroll) Mar. 15 (To record accrual of payroll taxes.) Journalize the payment of the payroll on March 16, 2020. (Round answers to 2 decimal places, e.g. 15.25. Credit account titles are aut not indent manually.) Account Titles and Explanation Debit Credit Date Mar. 16 SHOW LIST OF ACCOUNTS LINK TO TEXT Journalize the deposit in a Federal Reserve bank on March 31, 2020, of the FICA and federal income taxes payable to the government. (Round account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 31 Click if you would like to Show Work for this question: Qpen Show Work
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