Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

[The following information applies to the questions displayed below.] Charles Merrill owns a housekeeping service, Charles Cleaners, in Florida. No employee has exceeded the Social

[The following information applies to the questions displayed below.]

Charles Merrill owns a housekeeping service, Charles Cleaners, in Florida. No employee has exceeded the Social Security tax wage base. Total, prove, and rule the entries. Use the wage bracket method in the federal tax table in Appendix C. (Round your intermediate calculations and final answers to 2 decimal places.)

Using the payroll register, complete the General Journal entry for the employees' pay for the July 13 pay date. Paychecks will be issued on July 18. Employees are paid weekly. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

For the weekly payroll ending July 13, 2018, checks dated July 18, 2018, complete the payroll register. image text in transcribed

Required information Taxable Wag M/S | # W/H | Hourly Rate # Regular Hours !# Holiday Hours |Commissions |Gross Earnings |401(k) Sec. 125 for Federal urs 8.50 9.20 10.10 8.04 8.90 10.50 9.95 40 35 37.5 40 38 378.25$ 50.00 322.00 $75.00 378.75 321.60 338.20 $ 60.00S 20.00 496.25 75.00 398.00 328 247 378 321 258 421 383 2,338 2 S 40 S 15.00 S 2,63305$ 26000S 35.00 Gross Earnings Federal WH Taxable Wages for Taxable Wages for Federal WH l SecurityM Medicare Tax State WH Tax hment United Way Net Pay FICA Tax 378.25 S 322.00 S 378.75 $ 321.60$ 338.20 S 496.25 S 398.00S 328.25S 247.00 S 378.75 $ 321.60$ 258.20 S 421.25 S 383.00S 378.25 322.00 378.75 321.60 318.20 496.25 383.00 10.00 $ 100.00 25.00 10.00 Required information Taxable Wag M/S | # W/H | Hourly Rate # Regular Hours !# Holiday Hours |Commissions |Gross Earnings |401(k) Sec. 125 for Federal urs 8.50 9.20 10.10 8.04 8.90 10.50 9.95 40 35 37.5 40 38 378.25$ 50.00 322.00 $75.00 378.75 321.60 338.20 $ 60.00S 20.00 496.25 75.00 398.00 328 247 378 321 258 421 383 2,338 2 S 40 S 15.00 S 2,63305$ 26000S 35.00 Gross Earnings Federal WH Taxable Wages for Taxable Wages for Federal WH l SecurityM Medicare Tax State WH Tax hment United Way Net Pay FICA Tax 378.25 S 322.00 S 378.75 $ 321.60$ 338.20 S 496.25 S 398.00S 328.25S 247.00 S 378.75 $ 321.60$ 258.20 S 421.25 S 383.00S 378.25 322.00 378.75 321.60 318.20 496.25 383.00 10.00 $ 100.00 25.00 10.00

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Radical Reporting Writing Better Audit Risk Compliance And Information Security Reports

Authors: Sara I. James

1st Edition

1032106042, 978-1032106045

More Books

Students also viewed these Accounting questions

Question

Write formal and informal proposals.

Answered: 1 week ago

Question

Describe the components of a formal report.

Answered: 1 week ago

Question

Write formal and informal reports.

Answered: 1 week ago