Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 11 of 12 View Policies Show Attempt History Current Attempt in Progress < > 2.2/4 Crane Hardware has four employees who are paid

image text in transcribed

Question 11 of 12 View Policies Show Attempt History Current Attempt in Progress < > 2.2/4 Crane Hardware has four employees who are paid on an hourly basis plus time-and-a-half for all hours worked in excess of 10 a week Payroll data for the week ended March 15, 2022, are presented below. Employee Hours Worked Hourly Rate Ben Abel 40 $16.00 Federal Income Tax Withholdings $59.00 United Fund $5.00 Rita Hager 43 17.00 64.00 5.00 Jack Never 45 13.00 60.00 8.00 Sue Perez 47 13.00 62.00 5.00 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 5.1%, and federal unemployment 0.6% (a) Your answer is partially correct. Prepare a payroll register for the weekly payroll. No employee has reached the Social Security limit of $132.900 or the FUTA/SUTA limit of $7,000. (Round answers to 2 decimal places, eg. 15.25.) MARRIED Persons-WEEKLY Payroll Period (For Wages Paid through December 2022) And the number of withholding allowances claimed is- If the wages are-> But 1 234 At least than 5678 9 10 1,316 1,327 124 114 105 95 1.327 1.338 125 116 106 96 1,338 1,349 127 117 107 97 88 1.349 1,360 128 118 108 99 1,360 1,371 129 119 110 100 90 89 The amount of income tax to be withheld is- 85 75 66 56 46 37 29 86 77 67 57 48 38 30 78 68 59 49 39 79 70 60 50 81 71 61 52 42 1,371 1,382 130 121 111 101 92 82 72 63 53 1,382 1,393 132 122 112 103 93 83 74 64 1,393 1,404 133 123 114 104 94 85 75 65 46 36 1,404 1,415 134 125 115 105 96 86 76 67 57 47 38 1,415 1,426 136 126 116 107 97 87 78 68 58 49 39 1,426 1,437 137 127 118 108 98 89 79 69 1,437 1,448 138 129 119 109 100 90 80 71 1,448 1,459 140 130 120 111 101 91 82 72 1,459 1,470 141 131 122 1,470 1,481 142 133 123 112 102 93 83 73 64 54 44 113 104 94 84 75 65 55 56 47 1.481 1,492 144 134 124 115 105 95 86 76 1,492 1,503 145 135 126 116 106 97 87 77 67 58 48 1.503 1.514 146 137 127 117 108 98 88 78 69 59 49 1,514 1.525 148 138 128 119 109 99 89 80 70 60 51 1.525 1,536 149 139 130 120 110 101 91 81 71 62 52 Employee Hours Regular Ben Abel 40 $ 640 Earnings Overtime 0 Gross Pay 640 Rita Hager 43 680 76.5 7363 Jack Never 15 520 97.5 6175 Sue Perez 47 520 136.5 Totals 656.5 2360 310.5 $ 2670.3 FICA CRANE HARDWARE Payroll Register For the Week Ending March 15, 2022 Deductions Federal Income Tax State Income Tax United Fund Total Net Pay Salaries and Wages Expense $ $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamental Accounting Principles

Authors: Larson Kermit, Tilly Jensen

Volume I, 14th Canadian Edition

71051503, 978-1259066511, 1259066517, 978-0071051507

More Books

Students also viewed these Accounting questions