Question
Task #4: An analysis of Time Cards for the employees showed the following hours Job XY200 Job AP5000 Job QE3000 Job ME2000 per hr Line
Task #4: An analysis of Time Cards for the employees showed the following hours Job XY200 Job AP5000 Job QE3000 Job ME2000 per hr Line Worker #1 200 200 300 100 $12.00 Line Worker #2 100 300 400 $14.00 Line Worker #3 300 500 $15.00 Factory Supervisor (equal time to 3 Producing Departments) $6,000 Factory Janitorial Staff $3,000 Factory Maintenance Staff $5,000 Administrative $10,000 Assume FICA rates are 6.2% + 1.45% = 7.65% and Employee Income Tax Withholding is at 10% of wages. Assume FUTA and SUTA rates of 4% and 1% respectively on the first $10,000 of wages. "Task #4 - Record the Journal Entries for wages. Then, record any payroll taxes due. Update the Job Cost Sheets for labor (round to the nearest cent)"
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