The bookkeeper of Butterfly Co. gathered the following data from individual employee earnings records and daily time

Question:

The bookkeeper of Butterfly Co. gathered the following data from individual employee earnings records and daily time cards. Your task is to complete a payroll register on August 8.

Assume the following:

1. FICA OASDI is 6.2% on $127,200; FICA Medicare is 1.45% on all earnings.

2. Federal income tax has been calculated from a weekly table for you.

3. Each employee contributes $34 weekly for health insurance.

4. Overtime is paid at a rate of 1.5 over 40 hours.

5. Keys and Chen work in the office; the other employees work in sales.

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College Accounting A Practical Approach

ISBN: 9780134729312

14th Edition

Authors: Jeffrey Slater, Mike Deschamps

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Question Posted: Feb 28, 2020 11:52 AM

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The bookkeeper of Butterfly Co. gathered the following data from individual employee earnings records and daily time

Question:

Daily Time Hourly Employee Marital Status Before This Payroll M I WIF Rate of Pay FIT Allowance and Cumulative Earmings $68,100 3 10 5 9 10 $19 $53 Keys, Payton M-1 Bale, Donna S-0 14,500 9 7 8 4 14 62 Chen, Rian M-3 59,000 6 12 8 10 16 39 Judd, Jason S-1 22,000 6 8 9 11 7 25 149 9,

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NAME Keys P Bale D Chen R Judd J Keys P Bale D Chen R Judd J Allowance and Marita...View the full answer

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