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Requlred Information [The following information applies to the questions displayed below.] The following Information Is avallable for the employees of Webber Packing Company for the
Requlred Information [The following information applies to the questions displayed below.] The following Information Is avallable for the employees of Webber Packing Company for the first week of January Year 1: 1. Kayla earns $26 per hour and 121 times her regular rate for hours over 40 per week. Kayla worked 48 hours the first week In January. Kayla's federal Income tax withholding Is equal to 11 percent of her gross pay. Webber pays medical Insurance of $85 per week for Kayla and contributes $58 per week to a retirement plan for her. 2. Paula earns a weekly salary of $1,000. Paula's federal Income tax withholding is 19 percent of her gross pay. Webber pays medical Insurance of $140 per week for Paula and contributes $105 per week to a retirement plan for her. 3. Vacation pay is accrued at the rate of 2 hours per week (based on the regular pay rate) for Kayla and $95 per week for Paula. Assume the Soclal Securlty tax rate is 6.0 percent on the first $110,000 of salarles and the Medicare tax rate is 1.5 percent of total salarles. The state unemployment tax rate is 5.4 percent and the federal unemployment tax rate is 0.6 percent of the first $7,000 of salary for each employee. Prepare the journal entry to record the payroll tax expense and fringe benefit expense for Webber Packing Company for the week. f no entry Is requlred for a transaction/event, select "No journal entry requlred" In the flrst account fleld. Round your answers to decimal places.) Journal entry worksheet Record the entry for fringe benefit expense. Note: Enter debits before credits
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