Question: need your help with this one (a,b) part (a) has twopictures Assume that the payroll records of Flint Oil Company provided the following information for

 need your help with this one (a,b) part (a) has twopicturesneed your help with this one (a,b) part (a) has twopictures
Assume that the payroll records of Flint Oil Company provided the following
information for the weekly payroll ended November 30, 2020 Year-to-Date Earnings Through
Previous Week Hours Worked Employee Hourly Pay Rate Federal Income Tax Union

Assume that the payroll records of Flint Oil Company provided the following information for the weekly payroll ended November 30, 2020 Year-to-Date Earnings Through Previous Week Hours Worked Employee Hourly Pay Rate Federal Income Tax Union Dues T. King 44 $64 $442 $9 $133.900 T. Binion 46 29 97 5 23,200 N. Cole 40 34 148 5,700 42 C. Hennesey 39 230 7 49,500 Additional information: All employees are paid overtime at time and a halffor hours worked in excess of 40 per week. The FICA tax rate is 765% for the first $132.900 of each employee's annual earnings and 145% on any camings over $132.900. The employer pays unemployment taxes of 6.0% (54% for state and 6% for federal) on the first $7.000 of each employee's annual camings FLINT OIL CO Payroll Red For the Week Ending Earnings Employee Total Hours Regular Overtime Gross Pay T.King 44 $ T.Binion 46 N.Cole 40 CHennesey 42 $ $ TA $ Prepare the payroll register for the pay period. (Round answers to 2 decimal places, eg 15.25.) IL COMPANY bll Register ing November 30, 2020 Deductions FICA Federal Income Taxes Union Net Pay $ $ on $ $ $ s b) Prepare general journal entries to record the payroll and payroll taxes. (Credit account idles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account otes and enter for the amounts Round answers to 2 decimal places, ex 15.25. list all bit entries before credit entries) Date Account Titles and Explanation Debit Credit Nov. 30 (To record weekly payroll) Nov. 30 To record employer's payroll taxes

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!