Alpine Company pays its employees time-and-a-half for hours worked in excess of 40 per week. The information available from time cards and employees' individual earnings records for the pay period ended October 14 is shown in the following chart.

Taxable earnings for Social Security are based on the first $106,800. Taxable earnings for Medicare are based on all earnings. Taxable earnings for federal and state unemployment are based on the first $7,000.

Required

1. Complete the payroll register, using the wage-bracket income tax withholding table. The Social Security tax rate is 6.2 percent, and the Medicare tax rate is 1. 45 percent. Assume that all employees are married. Garen's federal income tax is $238.06. In the payroll register, begin payroll checks with No. 3945.

2. Prepare a general journal entry to record the payroll. The firm's general ledger contains a Wages Expense account and a Wages Payable account.

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Name Bardin, J. Caris, A. Drew, W. Garen, S. North, O. Ovid, N. Ross, J. Springer, O. Earnings at End of Previous Week Daily Time Pay MT WTFS Rate 21.30 21.60 8 8 0 21.50 8 8 8 0 49.00 8 8 8 5 21.40 8 8 8 0 21.50 8 8 8 4 20.50 8 8 8 3 21.25 888882 888 8 8 10 43,627.00 44,340.00 8 43,845.00 8 10 105,900.00 8 8 43,875.00 8 8 40,150.00 8 8 6,430.00 8 8 44,175.00 8 8 Income Tax Allowances 2 1 1 3 3 1 1 2 Name Bardin, J. Caris, A. Drew, W. Garen, S. North, O. Ovid, N. Ross, J. Springer, O. Earnings at End of Previous Week Daily Time Pay MT WTFS Rate 21.30 21.60 8 8 0 21.50 8 8 8 0 49.00 8 8 8 5 21.40 8 8 8 0 21.50 8 8 8 4 20.50 8 8 8 3 21.25 888882 888 8 8 10 43,627.00 44,340.00 8 43,845.00 8 10 105,900.00 8 8 43,875.00 8 8 40,150.00 8 8 6,430.00 8 8 44,175.00 8 8 Income Tax Allowances 2 1 1 3 3 1 1 2

Answer rating: 100% (QA)

1 ALPINE COMPANY PAYROLL REGISTER FOR WEEK ENDED October 14 20 EARNINGS TAXABLE EARNINGS DEDUCTIONS ... View the full answer