Complete the Payroll Register for the 2/13 and 2/27 pay periods. Schwartz made $5,000 in case sales during the 2/13 pay period and $7,500 during 2/27 pay period. Complete the General Journal entries as follows:

February 13	Journalize employee pay.
February 13	Journalize employer payroll tax for the February 13 pay period. Use 5.4% SUTA and 0.6% FUTA. No employees will exceed FUTA or SUTA wage base.
February 16	Issue employee pay.
February 27	Journalize employee pay.
February 27	Journalize employer payroll tax for the February 27 pay period. Use 5.4% SUTA and 0.6% FUTA. No employees will exceed FUTA or SUTA wage base.
March 2	Issue employee pay.

Voluntary deductions for each employee are as follows:

Name

Deduction

Thomas Millen

Insurance: $155/paycheck

401(k): 3% of gross pay

Marital Status: Married

Avery Towle

Insurance: $100/paycheck

401(k): 5% of gross pay

Marital Status: Single

Charlie Long

Insurance: $155/paycheck

401(k): 2% of gross pay

Marital Status: Married

Mary Shangraw

Insurance: $100/paycheck

401(k): 3% of gross pay

Marital Status: Single

Kristen Lewis

Insurance: $155/paycheck

401(k): 4% of gross pay

Marital Status: Married

Joel Schwartz

Insurance: $100/paycheck

401(k): 5% of gross pay

Marital Status: Married

Toni Prevosti

Insurance: $155/paycheck

401(k): 6% of gross pay

Marital Status: Married

Student F Success

Insurance: $100/paycheck

401(k): 2% of gross pay

Marital Status: Single

Name	Marital Status	No. of Withholdings	Hourly Rate		No. of Regular Hours	No. of Overtime hours	Regular Earnings	Overtime Earnings	Commissions	Gross Earnings	Federal and State Taxable Income	Social Security, Medicare, FUTA, and SUTA Taxable Income	FIT	Social Security Tax	Medicare Tax	SIT	401(k)	Insurance	Net Pay
Thomas Millen	M	4	35,000.00	/year	35		673.08	0.00	0.00	673.08	497.89	518.08	0.00	32.12	7.51	14.94	20.19	155.00	443.32
Avery Towle	S	1	12.00	/hr	35		420.00	0.00	0.00	420.00	299.00	320.00	5.00	19.84	4.64	8.97	21.00	100.00	260.55
Charlie Long	M	2	12.50	/hr	35	5	437.50	93.75	0.00	531.25	365.62	376.25	0.00	23.33	5.46	10.97	10.63	155.00	325.86
Mary Shangraw	S	1	10.50	/hr	20	1	210.00	15.75	0.00	225.75	118.98	125.75	0.00	7.80	1.82	3.57	6.77	100.00	105.79
Kristen Lewis	M	3	32,000.00	/year	35		615.38	0.00	0.00	615.38	435.76	460.38	0.00	28.54	6.68	13.07	24.62	155.00	387.47
Joel Schwartz	M	2	24,000.00	/yr + 3% commission	35		461.54	0.00	150.00	611.54	480.96	511.54	0.00	31.72	7.42	14.43	30.58	100.00	427.39
Toni Prevosti	M	5	45,000.00	/year	35		865.38	0.00	0.00	865.38	658.46	710.38	0.00	44.04	10.30	19.75	51.92	155.00	584.37
Student Successs	S	2	34,000.00	/year	35		653.84	0.00	0.00	653.84	540.76	553.84	15.00	34.34	8.03	16.22	13.08	100.00	467.17
Totals							4,336.72	109.50	150.00	4,596.22	3,397.43	3,576.22	20.00	221.73	51.86	101.92	178.79	1,020.00	3,001.92

Run Date	02/27/15	Company Name		Prevosti Farms and Sugarhouse
P/R Date	02/27/15
Name	Marital Status	No. of Withholdings	Hourly Rate		No. of Regular Hours	No. of Overtime hours	Regular Earnings	Overtime Earnings	Commissions	Gross Earnings	Federal and State Taxable Income	Social Security, Medicare, FUTA, and SUTA Taxable Income	FIT	Social Security Tax	Medicare Tax	SIT	401(k)	Insurance	Net Pay
Thomas Millen	M	4	35,000	/year	70		1,346.15	0.00	0.00	1,346.15	1,150.77	1,191.15	20.00	73.85	17.27	34.52	40.38	155.00	1,005.13
Avery Towle	S	1	12.00	/hr	70	10	840.00	180.00	0.00	1,020.00	869.00	920.00	76.00	57.04	13.34	26.07	51.00	100.00	696.55
Charlie Long	M	2	12.50	/hr	70		875.00	0.00	0.00	875.00	702.50	720.00	7.00	44.64	10.44	21.08	17.50	155.00	619.34
Mary Shangraw	S	1	10.50	/hr	40	2	420.00	31.50	0.00	451.50	337.95	351.50	9.00	21.79	5.09	10.14	13.55	100.00	291.93
Kristen Lewis	M	3	32,000	/year	70		1,230.77	0.00	0.00	1,230.77	1,026.54	1,075.77	24.00	66.70	15.60	30.80	49.23	155.00	889.44
Joel Schwartz	M	2	24,000	/yr + 3% commission	70		923.08	0.00	225.00	1,148.08	990.68	1,048.08	35.00	64.98	15.20	29.72	57.40	100.00	845.78
Toni Prevosti	M	5	45,000	/year	70		1,730.77	0.00	0	1,730.77	1,471.92	1,575.77	37.00	97.70	22.85	44.16	103.85	155.00	1,270.21
Student Success	S	2	34,000	/year	70	1	1,307.69	28.02	0	1,335.71	1,209.00	1,235.71	104.00	76.61	17.92	36.27	26.71	100.00	974.20
Totals							8,673.46	239.52	225.00	9,137.98	7,758.36	8,117.98	312.00	503.31	117.71	232.76	359.62	1,020.00	6,592.58

Complete the Payroll registers, Journal entries and post all journal entries to the appropriate General Ledger accounts. Use the Wage Bracket Method Tables for Income Tax Withholding in Appendix C. State withholding tax for Vermont is computed at 3% of taxable wages (i.e., gross pay less pre-tax deductions). Prevosti pays its employees bi-weekly. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations and round your answers to the nearest cent.)

No	Date	General Journal	Debit	Credit
1	Feb 13	Salaries and wages expense	4,596.22
1		Employee federal income tax payable		20.00
1		Social security tax payable		221.73
1		Medicare tax payable		51.86
1		Employee state income tax payable		101.92
1		401(k) Contributions payable		178.79
1		Health insurance payable		1,020.00
1		Salaries and wages payable		3,001.92
2	Feb 13	Payroll taxes expense	??
2		Social security tax payable		221.73
2		Medicare tax payable		51.86
2		FUTA tax payable		??
2		SUTA tax payable		??
3	Feb 16	Salaries and wages payable	3,001.92
3		Cash		3,001.92
4	Feb 27	Salaries and wages expense	9,137.98
4		Employee federal income tax payable		312.00
4		Social security tax payable		503.31
4		Medicare tax payable		117.71
4		Employee state income tax payable		232.76
4		401(k) Contributions payable		359.62
4		Health insurance payable		1,020.00
4		Salaries and wages payable		6,592.58
5	Feb 27	Payroll taxes expense	??
5		Social security tax payable		503.31
5		Medicare tax payable		117.71
5		SUTA tax payable		??
5		FUTA tax payable		??
6	Mar 02	Salaries and wages payable	6,592.58
6		Cash		6,592.58

Answer rating: 100% (QA)

Journal Entry S No Date Particulars Dr Amt Cr Amt 13Feb Salaries and wages expense 459622 1 Employee federal income tax payable 2000 1 Social security ... View the full answer