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Problem 13 3 Pronghorn Company pays its office employee payroll weekly. Below is a partial list of employees and their payroll data for August. Because
Problem 13 3 Pronghorn Company pays its office employee payroll weekly. Below is a partial list of employees and their payroll data for August. Because August is their vacation period, vacation pay is also listed. Vacation Pay to Weekly Pay Received in August Earnings to July 31 $5,230 4,530 3,730 Employee Mark Hamill Karen Robbins Brent Kirk Alec Guinness Ken Sprouse $200 250 $300 8.430 110 250 370 9,020 660 Assume that the federal income tax withheld is 10% of wages. Union dues withheld are 2% of wages. Vacations are taken the second and third weeks of August by Robbins, Kirk, and Sprouse. The state unemployment tax rate is 2.5% and the federalis 0.8%, both on a $7,000 maximum. The FICA rate is 7.65% on employee and employer on a maximum of $118,500 per cmployee. In addition, a 1.159 rate is charged bath employer and employce for an employee's wages in excess of $118,500. Malce the joumal entries necessary for each of the four August payrolls. The entries for the payroll and for the company's liability are made separately. Also make the entry to record the monthly payment of accrued payroll liabilities. (Round answers to 2 decimal places, e.g. 15.25. If no entry is required, select "No Entry" for the account titles and enter for the amounts, Credit account titles are autanmatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record Payroll 1.) (To record Payroll taxes for Payroll 1.) (To record payrolls 2 and 3.) (To record payrolls 2 and 3.) (To record payroll taxes for Payrolls 2 and 3.) (To record payroll 4.) (To record payroll taxes for payroll 4.) (To record the monthly payment of accrued payroll liabilities.) Click if you would like to Show Work for this question: Open Show Work
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