Question:
For the week ended September 7, the totals of the payroll register for Benton, Inc., are presented below. The regular and overtime earnings are correct. List six errors that exist. None of the employees have earned more than $118,500, so all earnings are subject to Social Security and Medicare taxes. Assume that amounts for taxable earnings (unemployment, Social Security, Medicare) and deductions (federal income tax, union dues, charity) are correct. Round amounts to the nearest penny.
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EARNINGS TAXABLE EARNINGS BEGINNING CUMULATIVE EARNINGS I REGULAR I OVERTIME ENDING CUMULATIVE SOCIAL 4 NAME TOTAL EARNINGS |UNEMPLOYMENT | SECURTY MEDICARE 245,754.00 6,724.00 1,220.00 7,494.00 253,248.00 2,456.00 7,944.00 7,944.00 10 DEDUCTIONS PAYMENTS FEDERAL INCOMESE SOCIAL WAGES SECURITY | MEDICARE UNION DUES CK. NO.EXPENSE TAX TAX TAX CHARITY TOTAL AMOUNT DEBIT 949.00 314.75 115.19 193.00 292.00 1,863.94 5,630.06 7,494.00