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Stark Company has five employees. Employees paid by the hour earn $10 per hour for the regular 40-hour workweek and $15 per hour beyond the

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Stark Company has five employees. Employees paid by the hour earn $10 per hour for the regular 40-hour workweek and $15 per hour beyond the 40 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 6.2% of the first $137,700 paid to each employee, and FICA Medicare taxes are 1.45% of gross pay. FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 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 5% of their gross income as a payroll withholding, which the company matches with double the amount. Following is the partially completed payroll register for the biweekly period ending August 31, which is the last payday of August. a. Complete this payroll register by filling in all cells for the pay period ended August 31. Prepare the August 31 journal entry to: b. Record the accrued biweekly payroll and related liabilities for deductions, c. Record the employer's cash payment of the net payroll of part b. d. Record the employer's payroll taxes including the contribution to the benefits plan. e. Pay all liabilities (except for the net payroll in part c) for this biweekly period. Complete this question by entering your answers in the tabs below. Reg A Req B tot Complete this payroll register by filling in all cells for the pay period ended August 31. (Round your answers to 2 decimal places. Do not round your int calculations.) FIT FICA FICA S.S. Current-Period Gross Pay Medicare Employee Plan FUTA Withholding Cumulative Pay Employee Withholding Employee Employee Net Pay Employee (Excludes FICA (Current Current Period) Pay Pay FICA S.S. SIT Gross Pay SUTA Employer Plan Medicare Period) Type Hours Withholding Employer Expense Employer $ 2.700.00 Kathleen s 133,700.00 Salary $ 9,000.00 400.00 49 sol 150.00 Check my work S Req Reg 8 to E Complete this payroll register by filling in all cells for the pay period ended August 31. (Round your answers to 2 decimal places. Do not found your intermediate calculations.) monts Current Period Cross Pay FIT Withholding Cumulative Pay Employee (Excludes Current Period) FUTA Pay Type Hours Pay FICAS Employee PICAS.S. Employer FICA Medicare Employee FICA Medicare Employer Employee Plan Withholding Employer Pan Expense Employer Nel Pay Corrent Period SUTA References Kathleen $ 133.700.00 Salary Anthony 6,350.00 Salary Gross Pay SIT Withholding $ $ 2.700.00 9,000.00 40000 150.00 900.00 40.00 00.00 30.00 140.00 40.00 30.00 10.00 49 50 99.00 BO Nichole 6 80 Regular 18,000.00 Overtime Regular 6,650.00 Overtime Regular 5.450.00 Overtime Zoey 12 34 Gracia $ 3.110.00 $ 0.00 $ Totals $ 000 $ 168,150.00 49.50 0.00 $ 0.00 $ 0.00 520 00 0.00 0.00 99.00 TRATA Reg to E> Stark Company has five employees. Employees paid by the hour earn $10 per hour for the regular 40-hour workweek and $15 per hour beyond the 40 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 6.2% of the first $137,700 paid to each employee, and FICA Medicare taxes are 1.45% of gross pay. FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 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 5% of their gross income as a payroll withholding, which the company matches with double the amount. Following is the partially completed payroll register for the biweekly period ending August 31, which is the last payday of August. a. Complete this payroll register by filling in all cells for the pay period ended August 31. Prepare the August 31 journal entry to: b. Record the accrued biweekly payroll and related liabilities for deductions, c. Record the employer's cash payment of the net payroll of part b. d. Record the employer's payroll taxes including the contribution to the benefits plan. e. Pay all liabilities (except for the net payroll in part c) for this biweekly period. Complete this question by entering your answers in the tabs below. Reg A Req B tot Complete this payroll register by filling in all cells for the pay period ended August 31. (Round your answers to 2 decimal places. Do not round your int calculations.) FIT FICA FICA S.S. Current-Period Gross Pay Medicare Employee Plan FUTA Withholding Cumulative Pay Employee Withholding Employee Employee Net Pay Employee (Excludes FICA (Current Current Period) Pay Pay FICA S.S. SIT Gross Pay SUTA Employer Plan Medicare Period) Type Hours Withholding Employer Expense Employer $ 2.700.00 Kathleen s 133,700.00 Salary $ 9,000.00 400.00 49 sol 150.00 Check my work S Req Reg 8 to E Complete this payroll register by filling in all cells for the pay period ended August 31. (Round your answers to 2 decimal places. Do not found your intermediate calculations.) monts Current Period Cross Pay FIT Withholding Cumulative Pay Employee (Excludes Current Period) FUTA Pay Type Hours Pay FICAS Employee PICAS.S. Employer FICA Medicare Employee FICA Medicare Employer Employee Plan Withholding Employer Pan Expense Employer Nel Pay Corrent Period SUTA References Kathleen $ 133.700.00 Salary Anthony 6,350.00 Salary Gross Pay SIT Withholding $ $ 2.700.00 9,000.00 40000 150.00 900.00 40.00 00.00 30.00 140.00 40.00 30.00 10.00 49 50 99.00 BO Nichole 6 80 Regular 18,000.00 Overtime Regular 6,650.00 Overtime Regular 5.450.00 Overtime Zoey 12 34 Gracia $ 3.110.00 $ 0.00 $ Totals $ 000 $ 168,150.00 49.50 0.00 $ 0.00 $ 0.00 520 00 0.00 0.00 99.00 TRATA Reg to E>

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