Question: Current Attempt in Progress Match the four functions of payroll activities with their related internal controls: a. An independent employee should sign and distribute the
Current Attempt in Progress Match the four functions of payroll activities with their related internal controls: a. An independent employee should sign and distribute the prenumbered checks. b. Supervisors should monitor hours worked through time reports. C Human Resources department should authorize employment. d. Two or more employees should verify payroll amounts. eTextbook and Media Save for Later Attempts: 0 of 1 used Submit Answer Waterway Hardware has four employees who are paid on an hourly basis plus time-and-a-half for all hours worked in excess of 40 a week. Payroll data for the week ended March 15 are presented below. Cumulative Earnings (Jan. 1-Mar. 7) Hours Hourly Employee Worked Rate Federal Income Tax Withholdings United Fund Ben Abel 40 $15 $? $5 3,000 Rita Hager 42 16 ? 5 3,000 Jack Never 44 13 60 8 3,000 Sue Perez 46 13 61 5 3,000 Abel and Hager are married. They claim O and 4 withholding allowances, respectively. The 7.65% FICA tax rate consists of the Social Security tax rate of 6.2% on salaries and wages up to $128,400 and the Medicare tax rate of 1.45% on all salaries and wages. State income taxes are 3%. Prepare a payroll register for the weekly payroll. (Round answers to 2 decimal places, e.g. 15.25.) MARRIED Persons-WEEKLY Payroll Period If the wages are- (For Wages Paid through December 2017) And the number of withholding allowances claimed is- 10 10 The amount of income tax to be withheld is- But At 0 1 2 3 4 5 6 7 8 9 less least than 500 510 34 27 19 11 40 0 0 00 510 520 35 28 20 12 5 0 0 0 0 0 520 530 37 29 21 13. 6 0 0 0 0 0 0 530 540 38 30 22 14 7 0 0 0 0 0 0 540 550 40 31 23 15 8 0 0 0 550 560 41 32 24 16 9 1 0 0 0 0 560 570 43 33 25 17 10. 2 0 0 570 580 44 34 26 18 11 3 0 0 580 590 46 35 27 19 12 4 0 0 0 0 590 600 47 36 28 20 13 St 0 0 0 0 Question 4 of 4 < 600 610 49 38 29 21 14 6 0 0 0 0 610 620 50 39 30 22 15 7 0 0 0 0 0 620 630 52 41 31 23 16 co 8 1 0 0 0 0 630 640 53 42 32 24 17 9 2 0 0 0 640 650 55 44 33 25 18 10 3 0 0 0 650 660 56 45 34 26 19 11 4 0 0 0 660 670 58 47 35 27 20 12 5 0 670 680 59 48 37 28 21 13 9 0 0 0 0 680 690 61 50 38 29 22 14 7 0 0 0 690 700 62 51 40 30 23 15 8 0 0 0 -/25 E Employee: Hours Regular Overtime Ben Abel 40 $ Rita Hager 42 Jack Never 44 Sue Perez 46 Totals eTextbook and Media List of Accounts Earnings $ $ $ Gross Pay Taxable Earnings Cumulative Earnings Social Security eTextbook and Media. List of Accounts WATERWAY HARDWARE Payroll Register For the Week Ending March 15, 2020 Medicare $ $ $ FICA Deductions Federal Income Tax State Income Tax United Fund Total I $ $ $ eTextbook and Media List of Accounts $ $ Paid Net Pay EA $ $ SA +A $ Account Debited Salaries and Wages EA $ Expense Journalize the payroll on March 15, 2020, and the accrual of employer payroll taxes. (Round answers to 2 decimal places, e.g. 15.25. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Mar. 15 eTextbook and Media List of Accounts Debit Credit Journalize the payment of the payroll on March 16, 2020. (Round answers to 2 decimal places, e.g. 15.25. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 16 eTextbook and Media List of Accounts
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