Question
Requirement 1b. In preparation for recording the transactions, prepare: Payroll registers for October, November, and December. All employees worked October 1 through December 31
Requirement 1b. In preparation for recording the transactions, prepare: Payroll registers for October, November, and December. All employees worked October 1 through December 31 and are subject to the following FICA taxes: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000 Begin by preparing the payroll register for October. (Round all amounts to the nearest cent. Complete all answer boxes. Enter a "0" for any zero balances Abbreviations used: Beg = Beginning; Cum. = Cumulative, Earn. = Earnings: Med. = Medicare; Ins. = Insurance; With. Withholdings.) Beg. Cum. Earnings Current Withholdings Ending Period Cum. Income Health Total Net Employee Earn. Earnings Earn. OASDI Med. Tax Ins. With. Pay Jensen Shaffer McDaniel Requirement 1b. In preparation for recording the transactions, prepare: Payroll registers for October, November, and December. All employees worked October 1 through December 31 and are subject to the following FICA taxes: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000 Begin by preparing the payroll register for October. (Round all amounts to the nearest cent. Complete all answer boxes. Enter a "0" for any zero balances Abbreviations used: Beg = Beginning; Cum. = Cumulative, Earn. = Earnings: Med. = Medicare; Ins. = Insurance; With. Withholdings.) Beg. Cum. Earnings Current Withholdings Ending Period Cum. Income Health Total Net Employee Earn. Earnings Earn. OASDI Med. Tax Ins. With. Pay Jensen Shaffer McDaniel
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