Question
Ultimate Accounting Services has the following payroll information for the week ending in December 7. State Income Tax is computed as 20 percent of Federal
Ultimate Accounting Services has the following payroll information for the week ending in December 7. State Income Tax is computed as 20 percent of Federal Income Tax.
Name | Beginning Cumulative Earnings | Total Earnings | Deductions | |
Federal Income Tax | State Income Tax | |||
Trouble, M. | 7,000.00 | 580.00 | 50 | 10 |
Dainty, D. | 6,540.00 | 470.00 | 36 | 7.2 |
Joyner, T. | 25,600.00 | 680.00 | 75 | 15 |
Madison, W. | 45,000.00 | 900.00 | 92 | 18.4 |
Frank, G. | 90,200.00 | 1,100.00 | 245 | 49 |
Thomas, R. | 35,000.00 | 890.00 | 46 | 9.2 |
Assumed tax rates are as follows:
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FICA: Social Security, (employer) 6.2 percent (0.062) and (employee) 6.2 percent (0.062) on the first $118,500 for each employee, and Medicare, 1.45 percent (0.0145) on all earnings for each employee.
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State unemployment tax, 5.4 percent (0.054) on the first $7,000 for each employee.
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Federal unemployment tax, 0.6 percent (0.006) on the first $7,000 for each employee.
What you must do:
Complete the attached payroll register (Unit 6 Payroll - Question 4)(Excel Spreadsheet). To assist, use the following information:
- Payroll checks begin with Ck. No. 4510 in the payroll register.
Submission Format
- Use the attached payroll register (Unit 6 Payroll - Question 4)(Excel Spreadsheet) to complete this assignment.
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