Question: I do not understand how to figure out the Chapter 8 Mastery Problem MASTERY PROBLENM Abigail Trenkamp owns and operates the re te name, number

I do not understand how to figure out the Chapter 8 Mastery Problem

I do not understand how to figure out the Chapter 8 Mastery

Problem MASTERY PROBLENM Abigail Trenkamp owns and operates the re te name,

number of allowances claimed, marital status, information work ours worked each day,

and the hourly rate of each employee. Aul tin regular rate. All

weekend hours are paid at double the /.Casb: $4,323.83 Trenkamp Collection Agency.

MASTERY PROBLENM Abigail Trenkamp owns and operates the re te name, number of allowances claimed, marital status, information work ours worked each day, and the hourly rate of each employee. Aul tin regular rate. All weekend hours are paid at double the /.Casb: $4,323.83 Trenkamp Collection Agency. 1 in e of 40 hours for Monday through Friday are paid at 1 regular rate. weekly federal income tax withholding table (see Eie. pages 288 and 289), oxial Security tax is withheld at the rate of 6.2% for the4- $118,500 ployee has 55 withbeld for health insurance. All employees use payroll tion to the credit union for varying amounts as listed. Trenkamp Collection Agency Payroll Information for the Week Ended November 18, 20- Total Employee No of Marital Regular Hours Worked Hourly Union Earnings .Allow. Status S SM TWTF RateDeposit 1/1-11/11 Name Berling, James Merz, Linda Goetz, Ken Menick, Judod Morales, Eva 25 30,480 21.500 22 9 8 8 9 10 $12 $149.60 24. 117.00 126.50 M 0 8 8 8 6 8 13 117.05 24,730 M 4 0 6 6 66 49 83.05 21,425 Heimbrock, Jacob 6 Townsley, Sarah Salzman, Beth Layton, Esther Thompson, David Vadillo, Carmen 88.006,63 5,63s M 0 2 109 7710 11 128.90 21,635 24,115 M 0 0 8 88 8 s 11 10 The Trenkamp Collection Agency follows the practice of drawing a single check for the net amount of the payroll and depositing the check in a special payroll account at the bank. Individual checks issued were numbered consecutively, beginning with No. 331 REQUIRED 1. Prepare a payroll register for Trenkamp Collection Agency for the week ended November 18, 20-. (In the Taxable Earning/Unemployment Compensation column, enter $365 for Salzman and $440 for Layton. Leave this column blonk for all other employees.) Total the amount columns, verify the totals, and ru with single and double lines. 2. Assuming that the wages for the week ended November 18 were paid on November 21, prepare the journal entry for the payment of this payroll. MASTERY PROBLENM Abigail Trenkamp owns and operates the re te name, number of allowances claimed, marital status, information work ours worked each day, and the hourly rate of each employee. Aul tin regular rate. All weekend hours are paid at double the /.Casb: $4,323.83 Trenkamp Collection Agency. 1 in e of 40 hours for Monday through Friday are paid at 1 regular rate. weekly federal income tax withholding table (see Eie. pages 288 and 289), oxial Security tax is withheld at the rate of 6.2% for the4- $118,500 ployee has 55 withbeld for health insurance. All employees use payroll tion to the credit union for varying amounts as listed. Trenkamp Collection Agency Payroll Information for the Week Ended November 18, 20- Total Employee No of Marital Regular Hours Worked Hourly Union Earnings .Allow. Status S SM TWTF RateDeposit 1/1-11/11 Name Berling, James Merz, Linda Goetz, Ken Menick, Judod Morales, Eva 25 30,480 21.500 22 9 8 8 9 10 $12 $149.60 24. 117.00 126.50 M 0 8 8 8 6 8 13 117.05 24,730 M 4 0 6 6 66 49 83.05 21,425 Heimbrock, Jacob 6 Townsley, Sarah Salzman, Beth Layton, Esther Thompson, David Vadillo, Carmen 88.006,63 5,63s M 0 2 109 7710 11 128.90 21,635 24,115 M 0 0 8 88 8 s 11 10 The Trenkamp Collection Agency follows the practice of drawing a single check for the net amount of the payroll and depositing the check in a special payroll account at the bank. Individual checks issued were numbered consecutively, beginning with No. 331 REQUIRED 1. Prepare a payroll register for Trenkamp Collection Agency for the week ended November 18, 20-. (In the Taxable Earning/Unemployment Compensation column, enter $365 for Salzman and $440 for Layton. Leave this column blonk for all other employees.) Total the amount columns, verify the totals, and ru with single and double lines. 2. Assuming that the wages for the week ended November 18 were paid on November 21, prepare the journal entry for the payment of this payroll

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