What causes the difference between the two figures? Computing earnings, determining deductions and not amount preparing payroll register, journalizing payroll transactions Meno operates Merino Consulting Services. She has four employees and pays hemos basis. During the week ended November 12, 2013, her employees worked the ber of shown below. Information about their hourly rates, marital status withholding allowances mative carings for the year prior to the current pay period also appears below Problem 10.30 Dhjectives 2,3,4,5 Hours Worked Regular Hourly Rate Marital Status Withholding Allowances Employee Kathryn Allen Calvin Cooke Maria Vasquez Hollie Visage 36 45 $10.50 10.25 29.75 32.75 Cumulative Earnings $26.565 25,936 75.268 B2.850 INSTRUCTIONS 1. Enter the basic payroll information for each employee in a payroll register Record the employee's name, number of withholding allowances, marital status, total hours, overtime hours and regular hourly rate. Consider any hours worked beyond 40 in the week as overtime hours 1. Compute the regular earnings, overtime premium, and gross Earnings for each employee Enter the figures in the payroll register Compute the amount of social security tax to be withheld from each employee's OS carnings. Assume a 6.2 percent social security rate on the first S106.800 earned by the employee during the year. Enter the figures in the payroll register Compute the amount of Medicare las to be withheld from each employee's searings 1.45 percent Medicare tax rate on all earning paid during the year. Enter the figures in the payroll register the tables in Figure 102 on papes 309 310 to determine the federal income tax to be the Federal income tax to be withheld from Vasquez's pay is 192 and from Viure's 5267 Enter the figures in the payroll register Compute the nel monte each employee and enter the figures in the payroll reger plete the pay register Allen and Cook an office workers aming for a Viage are charged to consulting was P e neral journal entry to record the payroll for the week ended November 12 th l es nen in this chapter Use journal page 12 the ceneral al try to maine payment of mounts employees her 15, 2011 whas weal destuctions were taken from employee porchecks for the pay period ended r earningsdetermining deduction and net lutournaling payroll transactions Problem 10.40 2.3.4 What causes the difference between the two figures? Computing earnings, determining deductions and not amount preparing payroll register, journalizing payroll transactions Meno operates Merino Consulting Services. She has four employees and pays hemos basis. During the week ended November 12, 2013, her employees worked the ber of shown below. Information about their hourly rates, marital status withholding allowances mative carings for the year prior to the current pay period also appears below Problem 10.30 Dhjectives 2,3,4,5 Hours Worked Regular Hourly Rate Marital Status Withholding Allowances Employee Kathryn Allen Calvin Cooke Maria Vasquez Hollie Visage 36 45 $10.50 10.25 29.75 32.75 Cumulative Earnings $26.565 25,936 75.268 B2.850 INSTRUCTIONS 1. Enter the basic payroll information for each employee in a payroll register Record the employee's name, number of withholding allowances, marital status, total hours, overtime hours and regular hourly rate. Consider any hours worked beyond 40 in the week as overtime hours 1. Compute the regular earnings, overtime premium, and gross Earnings for each employee Enter the figures in the payroll register Compute the amount of social security tax to be withheld from each employee's OS carnings. Assume a 6.2 percent social security rate on the first S106.800 earned by the employee during the year. Enter the figures in the payroll register Compute the amount of Medicare las to be withheld from each employee's searings 1.45 percent Medicare tax rate on all earning paid during the year. Enter the figures in the payroll register the tables in Figure 102 on papes 309 310 to determine the federal income tax to be the Federal income tax to be withheld from Vasquez's pay is 192 and from Viure's 5267 Enter the figures in the payroll register Compute the nel monte each employee and enter the figures in the payroll reger plete the pay register Allen and Cook an office workers aming for a Viage are charged to consulting was P e neral journal entry to record the payroll for the week ended November 12 th l es nen in this chapter Use journal page 12 the ceneral al try to maine payment of mounts employees her 15, 2011 whas weal destuctions were taken from employee porchecks for the pay period ended r earningsdetermining deduction and net lutournaling payroll transactions Problem 10.40 2.3.4
