AC499 Unit 08Assignment:

Student Instructions:

Each Problem (1, 2, 3 & 4) is worth 10 points. (40 Points total).

Submit your answers to the Unit 8 Dropbox in a properly formatted Excel Workbook file.

Use a SEPARATE sheet for each problem. Do not put all 4 problems on the same page.

Question # 1:

Charles Giles worked 46 hours during this pay?week. He is paid time?and?a?half for hours over 40 and his

pay rate is $17.90/hour. What was his overtime premium pay for this workweek?

Use the following information to answer Questions 2, 3 & 4:

The totals from the first payroll of the year are shown below.

Total Pay = $36, 195.10

FICA/OASDI = $ 2,244.10

FICA/HI = $ 524.83

FIT W/H = $ 6,515.00

State Tax W/H = $ 361.95

Union Dues = $ 500.00

Net Pay = $ 26,049.22

Question # 2: Journalize the entry to record the payroll.

Question # 3: Journalize the entry to record the employer