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Sunland Hardware has four employees who are paid on an hourly basis plus time-and-a-half for all hours worked in excess of 40 a week. Payroll
Sunland Hardware has four employees who are paid on an hourly basis plus time-and-a-half for all hours worked in excess of 40 a week. Payroll data for the week ended March 15, 2022, are presented below. Employee Ben Abel Hours Worked Hourly Rate Federal Income Tax Withholdings United Fund 40 $14.00 $59.00 $5.00 Rita Hager 42 16.00 64.00 5.00 Jack Never 46 13.00 Sue Perez 47 13.00 60.00 62.00 8.00 5.00 Abel and Hager are married. They claim O and 4 withholding allowances, respectively. The following tax rates are applicable: FICA 7.65%, state income taxes 3%, state unemployment taxes 5.4%, and federal unemployment 0.696 (a) Prepare a payroll register for the weekly payroll. No employee has reached the Social Security limit of $132.900 or the FUTA/SUTA limit of $7,000. (Round answers to 2 decimal places, eg. 15.25) MARRIED Persons-WEEKLY Payroll Period (For Wages Paid through December 2022) If the wages And the number of withholding allowances claimed is are But 1 2 3 4 5 6 7 8 9 10 At less least than The amount of income tax to be withheld is- Prepare a payroll register for the weekly payroll. No employee has reached the Social Security limit of $132.900 or the FUTA/SUTA limit of $7,000. (Round answers to 2 decimal places, eg. 15.25.) MARRIED Persons-WEEKLY Payroll Period (For Wages Paid through December 2022) If the wages And the number of withholding allowances claimed Is- are- But At 0 1 2 3 4 5 6 7 8 9 10 less least than The amount of income tax to be withheld is- 1,316 1,327 124 114 105 95 85 1,327 1,338 125 116 106 96 1,338 1,349 127 117 107 97 88 1,349 1,360 128 118 108 99 89 79 ERR 86 77 67 75 66 56 46 37 57 29 48 38 30 78 68 59 49 39 31 70 60 50 41 32 1,360 1,371 129 119 110 100 90 81 71 61 52 42 33 1,371 1,382 1.382 130 121 111 101 92 132 122 1,393 112 103 1,393 133 1,404 123 114 104 1,415 134 125 115 1,404 136 1,415 1,426 94 105 126 116 107 97 87 78 68 1,426 1.437 1.448 137 127 1,437 118 2g 82 72 63 53 43 34 93 83 74 64 54 45 35 85 75 65 56 46 36 96 86 76 67 57 47 38 58 49 39 108 98 89 79 69 60 50 40 138 129 119 109 100 90 80 71 61 51 41 1,459 1,470 141 131 122 112 102 93 83 73 1,470 1,481 142 133 123 113 104 94 84 75 65 $5 64 54 45 55 45 44 1,481 1,492 1,492 1,503 145 135 126 116 144 134 124 115 105 95 86 76 66 56 47 106 97 87 77 67 58 48 1,503 1,514 1,525 1,514 146 137 127 117 108 98 88 78 69 59 49 148 138 128 119 109 99 1,525 149 139 130 1,536 120 110 101 RE 89 80 70 60 51 91 81 71 62 52 Employee Hours Ben Abel 40 OP Earnings: Regular Overtime $ $ Rita Hager 42 Jack Never 46 Sue Perez 47 Totals S Gross Pay Journalize the payroll on March 15, 2022, and the accrual of employer payroll taxes. (Round answers to 2 decimal places, eg. 15.25 Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Mar. 15 Mar. 15 (To record payroll): (To record accrual of payroll taxes) Debit Credit Journalize the payment of the payroll on March 16, 2022 (Round answers to 2 decimal places, eg. 15.25. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Mar. 16 Debit Credit (d) eTextbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit Answer Journalize the deposit in a Federal Reserve bank on March 31, 2022, of the FICA and federal income taxes payable to the government. (Round answers to 2 decimal places, eg. 15.25. Credit account titles are automatically indented when amount is entered. Do not indent manually) Date: Account Titles and Explanation Mar 31 Debit Credit
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