On September 30, 2020, the Chart House Restaurant has two chefs, Gene Barry and Charlene Milton,...

  

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On September 30, 2020, the Chart House Restaurant has two chefs, Gene Barry and Charlene Milton, who each earn $10 per hour and, time and a half for all overtime hours. From their pay, chart House deducts 15% for federal income tax, 3% for state income tax, and 7.65% for FICA (Social Security on wages up to a maximum of S130,500). Before this week, Barry has earned $4,900 and Milton has earned $118,000. Chart House withholds $24 per week for cach employee's pay for union dues. In the current week, Barry worked 50 hours and Milton worked 52 hours. Chart House must also contribute to FICA on behalf of the employees. In addition, Chart House must pay 5.4% for state unemployment tax, and .8% for federal unemployment tax on the first $7,000 paid to cach employee. Required: a. Compute gross pay and net pay for both chefs. b. Assume that the two chefs are Chart House's only employees. Prepare Chart House's journal entries to record both salary and payroll tax expense (including fringe benefits) as September 30, 2017. Payroll Register Earnings Deductions Federal State Union Total Net Pay Employee Total Hours Regular Over Time Gross FICA Income Dues Тах Income Tax Gene Barry Charlene Milton Total Journal Date Account name Ref Debit Credit Journal Date Account name Ref Debit Credit On September 30, 2020, the Chart House Restaurant has two chefs, Gene Barry and Charlene Milton, who each earn $10 per hour and, time and a half for all overtime hours. From their pay, chart House deducts 15% for federal income tax, 3% for state income tax, and 7.65% for FICA (Social Security on wages up to a maximum of S130,500). Before this week, Barry has earned $4,900 and Milton has earned $118,000. Chart House withholds $24 per week for cach employee's pay for union dues. In the current week, Barry worked 50 hours and Milton worked 52 hours. Chart House must also contribute to FICA on behalf of the employees. In addition, Chart House must pay 5.4% for state unemployment tax, and .8% for federal unemployment tax on the first $7,000 paid to cach employee. Required: a. Compute gross pay and net pay for both chefs. b. Assume that the two chefs are Chart House's only employees. Prepare Chart House's journal entries to record both salary and payroll tax expense (including fringe benefits) as September 30, 2017. Payroll Register Earnings Deductions Federal State Union Total Net Pay Employee Total Hours Regular Over Time Gross FICA Income Dues Тах Income Tax Gene Barry Charlene Milton Total Journal Date Account name Ref Debit Credit Journal Date Account name Ref Debit Credit