Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following data for Flexto Inc. relate to the payroll for the week ended December 9, 2016 Employee Carlton Grove Johnson Koufax Maddux Seaver Spahn
The following data for Flexto Inc. relate to the payroll for the week ended December 9, 2016 Employee Carlton Grove Johnson Koufax Maddux Seaver Spahn Winn Young Hours Worked 52 Weekly Salary Hourly Rate $50.00 U.S. Savings Bonds $60 100 Federal Income Tax $667.00 860.00 355.68 578.55 349.65 768.00 382.20 572.00 480.60 $4,000 36 45 37 52.00 58.00 45.00 3,200 120 46 48 43 52.00 50.00 54.00 75 80 Employees Grove and Seaver are office staff, and all of the other employees are sales personnel. All sales personnel are paid 1 times the regular rate for all hours in excess of 40 hours per week. The social security tax rate is 6.0% of each employee's annual earnings, and Medicare tax is 1.5% of each employee's annual earnings. The next payroll check to be used is No. 328 Required: 1. Prepare a payrol register for Flexco Inc. for the week ended December 9, 2016. Assume the normal working hours in a week are 40 hours. Enter amounts as positive numbers and round your intermediate calculations and final answers to the nearest whole cent (two decimal places)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started