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The following data for Butler Co. relate to the payroll for the week ended December 4, 2010: Employee Hours Worked Hourly Rate Weekly Salary Federal
The following data for Butler Co. relate to the payroll for the week ended December 4, 2010: Employee Hours Worked Hourly Rate Weekly Salary Federal Income Tax U. S. Savings Bonds Accumulated Earnings, Nov. 30 A 40 20.00 166.00 25.00 38,880 B 42 20.00 265.00 37.50 40,500 C 1,200.00 300.00 50.00 60,000 D 40 11.00 68.00 22,000 E 40 15.00 115.00 25.00 30,000 F 48 12.75 125.00 15,300 G 40 14.00 93.00 25.00 28,000 H 350.00 35.00 2,100 I 20 11.00 15.00 2,700 J 40 15.00 81.00 30,000 Employees C and H are office staff and all of the other employees are sales personnel. Al sales personnel are paid 1- times the regular rate for all hours in excess of 40 hours per week. The FICA tax rate is 6.20% of the first $60,000 and the Medicare tax rate is 1.45%. The Medicare tax is unlimited. Instructions 1. Enter the appropriate information in a payroll register. (Favor de modificar la que tienen) 2. Journalize the entry to record the payroll expense for the week. 3. Prepare the journal entry to record the payment of the net pay to employees. 4. Record the employers payroll taxes in the general journal. The employers payroll taxes include FICA tax of 6.20% and Medicare tax of 1.45%. The employer also pays unemployment taxes of 5.40% for the state and 0.% for the federal. 5. Prepare the journal entry to record the payment of the payroll taxes
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