Jeri's Mason Supply Company has four employees who are pald on a weekly basis receiving time...
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Jeri's Mason Supply Company has four employees who are pald on a weekly basis receiving time and a half for working more than 40 hours in any one week. The payroll data for the week ended December 10 is as follows: Marital Status Total Hours Name B. Russo P. Higgins S. Minsky A Mendez Cumulative Earnings $8,300 52,176 18.560 K000 Federal Income Tax $ 40 155 Allowances Rate $8.00 28.00 9.00 34.00 44 M. 46 2. M. 40 40 121 Social Security tax is withheld at 6.2% and Medicare tax at 1.45%. Each employee that is singie has S40 withheld for heatm insurance and ach that is married has $70 withheld, Higgins has $25 withheid for United Way. Number the checks beginning with 803. Required: 1. Complete the payroll register. Round your answers to the nearest cent. December 10 Payroll Register for Perlod Ended Earnings Taxable Earnings Deductions Federal Social Net Savings Insurance Bonds Total Pay Ck. No. Medicare Health No. M/S Allow. Cumulative Unemploy. Social Comp. Income Security Tax Tax Name Regular Overtime Total Total Security Tax B. Russo P. Higgins S. Minsky A Mendez 4. 2. Journalize the payroll entry. When required, enter amounts in dollars and cents it an amount box does not requre an entry, tank Page: 2 POST DATE DESCRIPTION DEBIT CREDIT 1 Dec 17 12 Jeri's Mason Supply Company has four employees who are pald on a weekly basis receiving time and a half for working more than 40 hours in any one week. The payroll data for the week ended December 10 is as follows: Marital Status Total Hours Name B. Russo P. Higgins S. Minsky A Mendez Cumulative Earnings $8,300 52,176 18.560 K000 Federal Income Tax $ 40 155 Allowances Rate $8.00 28.00 9.00 34.00 44 M. 46 2. M. 40 40 121 Social Security tax is withheld at 6.2% and Medicare tax at 1.45%. Each employee that is singie has S40 withheld for heatm insurance and ach that is married has $70 withheld, Higgins has $25 withheid for United Way. Number the checks beginning with 803. Required: 1. Complete the payroll register. Round your answers to the nearest cent. December 10 Payroll Register for Perlod Ended Earnings Taxable Earnings Deductions Federal Social Net Savings Insurance Bonds Total Pay Ck. No. Medicare Health No. M/S Allow. Cumulative Unemploy. Social Comp. Income Security Tax Tax Name Regular Overtime Total Total Security Tax B. Russo P. Higgins S. Minsky A Mendez 4. 2. Journalize the payroll entry. When required, enter amounts in dollars and cents it an amount box does not requre an entry, tank Page: 2 POST DATE DESCRIPTION DEBIT CREDIT 1 Dec 17 12
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Accounting Principles Volume 1
ISBN: 978-1119502425
8th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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