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View Policies -151 Current Attempt in Progress Carla Vista Hardware has four employees who are paid on an hourly basis plus time-and-a-half for all hours
View Policies -151 Current Attempt in Progress Carla Vista Hardware has four employees who are paid on an hourly basis plus time-and-a-half for all hours worked in excess of 40 a week. Payroll data for the week ended March 15 are presented below. Employee Ben Abel Hours Worked Hourly Rate Federal Income Tax Withholdings United Fund 40 $16.00 $48.00 $5.00 Rita Hager 42 17.00 21.00 5.00 Jack Never 44 14.00 60.00 8.00 Sue Perez 46 14.00 61.00 5.00 The following tax rates are applicable: FICA 7.65% (the 7.65% FICA tax rate consists of the Social Security tax rate of 6.2% on salaries and wages up to $128,400 and the Medicare tax rate of 1.45% on all salaries and wages), state income taxes 3%, state unemployment taxes 5.4%, and federal unemployment 0.6% Journalize employer payroll taxes. No employee has reached the Social Security limit of $128,400 or the FUTASUTA limit of $7,000. (Round answers to 2 decimal places, eg. 15.25. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Dehit Credit Question 5 of 5 -/51 Journalize employer payroll taxes. No employee has reached the Social Security limit of $128.400 or the FUTA/SUTA limit of $7,000. (Round answers to 2 decimal places, eg. 15.25. Credit account titles are automatically indented when amount is entered. Do not Indent manually) Date Account Titles and Explanation Debit Credit Mar. 15 eTextbook and Media List of Accounts Question 5 of 5 List of Accounts -15 1 Journalize the payment on March 31 of the FICA taxes and federal income taxes payable only. (Round answers to 2 decimal places, eg. 15.25. Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Mar. 31 eTextbook and Media List of Accounts Debit Credit
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