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Stark Company has five employees. Employees paid by the hour receive a $ 1 0 per hour pay rate for the regular 4 0 -
Stark Company has five employees. Employees paid by the hour receive a $ per hour pay rate for the regular hour week plus one and one
half times the hourly rate for each overtime hour beyond the hours per week. Hourly employees are paid every two weeks, but salaried
employees are paid monthly on the last biweekly payday of each month.
FICA Social Security taxes are of the first $ paid to each employee, and FICA Medicare taxes are of gross pay. FUTA taxes
are and SUTA taxes are of the first $ paid to each employee.
The company has a benefits plan that includes medical insurance, life insurance and retirement funding for employees. Under this plan, employees
must contribute of their gross income as a payroll withholding, which the company matches with double the amount.
Complete the payroll register for the biweekly period ending Aug. which is the last payday of August.
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