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show steps The following is a payroll sheet for Tamarisk Imports for the month of September 2020. The company is allowed a 1% unemployment compensation
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The following is a payroll sheet for Tamarisk Imports for the month of September 2020. The company is allowed a 1% unemployment compensation rate by the state the federal unemployment tax rate is 0.8% and the maximum for both is $7,000. Assume a 10% federal income tax rate for all employees and a 7.65% FICA taxon employee and employer on a maximum of $128,400. In addition 1.45X is charged both employer and employee for an employee's wages in excess of $128.400 per employee. (a) Complete the payroll sheet. Round answers to 2 decimal places. c. 1526) September Earnings Income Tax Withholding Name Earnings to Aug 31 $6,800 $900 $ B.D. Williams 6.300 800 D. Raye 7.500 1,000 K. Baker F. Lopez 12,600 1,700 117,100 12.100 A Daniels 121,700 16,100 B.Kingston $ Total int tescond The following is a payroll sheet for Tamarisk Imports for the month of September 2020. The company is allowed a 1% unemployment compensation rate by the state; the federal unemployment tax rate is 0.8% and the maximum for both is $7,000. Assume a 10% federal income tax rate for all employees and a 7.65% FICA tax on employee and employer on a maximum of $128,400. In addition 145% is charged both employer and employee for an employee's wages in excess of $128.400 per employee. Complete the payroll sheet. Round answers to 2 decimal places. 15.26) Unemployment Tax Income Tax Withholding FICA State Federal $ $ Make the necessary entry to record the payment of the payroll. (if no entry is required, select "No Entry for the account titles and enter for the amounts Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Step by Step Solution
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