Question: Marissas Sushi has the following data for the weekly payroll ending January 31: Employees are paid 112 times the regular hourly rate for all hours
Marissa’s Sushi has the following data for the weekly payroll ending January 31:
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Employees are paid 11â„2 times the regular hourly rate for all hours worked in excess of 40 hours per week. FICA taxes are 8 percent on the first $87,900 of gross earnings. Marissa’s Sushi is subject to 5.4 percent state unemployment taxes on the first $9,800 and 0.8 percent federal unemployment taxes on the first $7,000 of gross earnings.
(a) Prepare the payroll register for the weekly payroll.
(b) Prepare the journal entries to record the payroll and Marissa’s payroll taxexpense.
Federal Hourly Income Ta Health Withholdin Hours Employee M T WT F te Wolding Insurance M. Hindi E. Benson K. Estes 8 9 8 103 8 888 2 9 10 889 0 S11 13 14 $34 37 58 S10 15 15
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a b Jan 31 Wages Expense 174200 FICA Taxes Payable 13936 Federal Income Taxes Payable 12900 Health ... View full answer
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