Question: Please Assist With These Problems! Thank you! Problem 2 - Calculate payroll An employee eams $30 per hour and 1.5 times that rate for all

Please Assist With These Problems! Thank you!
Please Assist With These Problems! Thank you! Problem 2 - Calculate payroll

Problem 2 - Calculate payroll An employee eams $30 per hour and 1.5 times that rate for all hours in excess of 40 hours per week Assume that the employee worked 50 hours during the week. Assume further that the social security tax rate was 6.2%, the Medicare tax rate was 1.45%, and federal income tax to be withheld was $545. a. Determine the gross pay for the week. b. Determine the net pay for the week: Problem 3 - Payroll entries The payroll register for Crouse Company for the week ended November 18 indicated the following: In addition, state and federal unemployment taxes were calculated at the rate of 4.2% and 0.6%, respectively, on $280,000 of salaries. a. Journalize the entry to record the payroll for the week on November 18 b. Journalize the entry to record the paytoll tax expense incurred for the week of November 18

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!