Question: Payroll Project Due in 2 segments - Please see instruction item #9 on the final page for more details. Your accounting company has been hired
Payroll Project Due in 2 segments - Please see instruction item #9 on the final page for more details. Your accounting company has been hired to prepare the payroll and everything that goes along with it for Ol'Fashion Industries which has 4 employees. The necessary payroll information is listed below and in the Excel spreadsheet for the current year. The employees are paid monthly (last day of the current month) and were last paid Sept. 30th. Assume this is an Indiana company and use the Indiana withholding rates. Their SUTA rate is 3.5%. The company utilizes the "Quick Chart" for all eligible employees, otherwise the longer method must be used to calculate Federal withholding tax. Employee Gross Wages Marital Status Hire date Termination per check Denise 15,800 Married/Joint 7 years ago Erin 7,200 Single 7 years ago Frank 3,400 Single Aug. 1st Nov. 30th Grant 3,300 Married/Joint Sept. 1st
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