Eva Itd. has three employees who are paid on an hourly basis. They receive a wage...

 

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Eva Itd. has three employees who are paid on an hourly basis. They receive a wage of 1½ times the regular hourly rate for work in excess of 40 hours. Payroll data for the first week ended January 6, 2021, is given below. Hourly Rate $12.00 Employee Adam Anna Hours Worked 43 Union Fund $10.00 13.00 45 14.00 Era 46 13.00 7.00 The applicable taxes include: FICA 7.65%; state income taxes 1.5%; state unemployment taxes 5.4%; federal unemployment 0.8%; and Federal Income Tax. All employees are married. Adam claims 2 withholding allowances; Anna claims 5 allowances and Era claims 3 withholding allowances. (Federal Income tax table is given at the end of paper). Question No. 6 Prepare a payroll register for the weekly payroll. Question No. 7 (a) Journalize the payroll on January 6, 2021. (b) Journalize the accrual of employer payroll taxes on January 6, 2021. (c) Journalize the payment of the payroll on January 12, 2021. Eva Itd. has three employees who are paid on an hourly basis. They receive a wage of 1½ times the regular hourly rate for work in excess of 40 hours. Payroll data for the first week ended January 6, 2021, is given below. Hourly Rate $12.00 Employee Adam Anna Hours Worked 43 Union Fund $10.00 13.00 45 14.00 Era 46 13.00 7.00 The applicable taxes include: FICA 7.65%; state income taxes 1.5%; state unemployment taxes 5.4%; federal unemployment 0.8%; and Federal Income Tax. All employees are married. Adam claims 2 withholding allowances; Anna claims 5 allowances and Era claims 3 withholding allowances. (Federal Income tax table is given at the end of paper). Question No. 6 Prepare a payroll register for the weekly payroll. Question No. 7 (a) Journalize the payroll on January 6, 2021. (b) Journalize the accrual of employer payroll taxes on January 6, 2021. (c) Journalize the payment of the payroll on January 12, 2021.