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Required: Make a subledger of Boba's pay this week. Assume Federal with holding is $32.21. Social security is 6.2% and Medicare is 1.45%. Example: Debit
Required: Make a subledger of Boba's pay this week. Assume Federal with holding is $32.21. Social security is 6.2% and Medicare is 1.45%.
Example:
Debit to: Wages and salary expense
Credit: Federal withholding
Social Security payable
Medicare payable
-nyuwun Shipping clerk Boba Fett, his immediate supervisor Chancellor Palpatine and payroll clerk Ben Kenobi. 1. Sith industries pays employees time and one half for any time worked in a day in excess of eight hours. The first eight hours of each day are paid at the employee's normal pay rate. Employees are paid for the entire time at work including breaks. Boba earns $12 per hour and worked the following days / hours: Monday, 9/16/19. 9am to noon Tuesday, 9/17/19. 8am to 7pm Wednesday, 9/18/19. 9am to noon 2. Assume Chancellor Palpatine confirms Boba's reported hours and documents his approval as shown on the form. 3. Ben calculates net pay and withholdings in the employee sub ledger spreadsheetStep by Step Solution
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