Question: Information ABC Company Number of Employees March Payroll - 03/25-03/31 Employee Name John Doe Jane Jones Jessie Smith Erik Ackers Nan Schmit Larry Johnson

Information ABC Company Number of Employees March Payroll - 03/25-03/31 Employee NameJohn Doe Jane Jones Jessie Smith Erik Ackers Nan Schmit Larry Johnson, Christopher Hay Hours worked Hourly rate 40 40 40 25 3035 40 $25.00 $24.00 $17.00 $15.00 $17.00 $18.00 $18.00 Assume Federal Income

Information ABC Company Number of Employees March Payroll - 03/25-03/31 Employee Name John Doe Jane Jones Jessie Smith Erik Ackers Nan Schmit Larry Johnson , Christopher Hay Hours worked Hourly rate 40 40 40 25 30 35 40 $25.00 $24.00 $17.00 $15.00 $17.00 $18.00 $18.00 Assume Federal Income Tax will be withheld ata rate of for everyone. i FICA Social Security rate is 6.2% and Medicare is 1.45%. When you called your State, they told you that your State Unemployment tax rate would be 5.4%. Recall that the Federal Unemployment rate is the same for all businesses. I Assume that no employee has reached the wage limits for FUTA, SUTA or Social Security. Required: Complete the Payroll Report worksheet Use the Transactions worksheet to complete your Journal

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