Ankel Footwear employs three salespeople and pays time-and-a-half for overtime. Weekly paychecks are distributed on the Tuesday
Question:
Ankel Footwear employs three salespeople and pays time-and-a-half for overtime. Weekly paychecks are distributed on the Tuesday following the last day of the week (Saturday). Ankel withholds income tax (20%), FICA—OASDI (6.2%), and FICA—Medicare (1.45%). Ankel also pays payroll taxes for FICA—OASDI (6.2%), FICA—Medicare (1.45%), and state and federal unemployment (5.4% and 0.6% respectively). The payroll data for the three salespeople for the week ended March 31 follows:
Name | Straight Time Rate | Hours Worked | Beginning Cumulative Earnings |
Jimmy Chew | $ 15 | 46 | $ 420 |
Manny Blanik | 17 | 50 | 540 |
Alexa King | 22 | 38 | 480 |
Requirements exercise
a. Complete the Payroll Register for the three employees for the week ended March 31, 2018.
b. Complete the Payroll Tax Register.
c. Compute the total payroll expense for the week ended March 31.
Project Management A Systems Approach to Planning Scheduling and Controlling
ISBN: 978-0470278703
10th Edition
Authors: Harold Kerzner