Question: please see attached word document The following data for Iris Publishing Co. relate to the payroll for the week ended December 7, 2008: Employee hours
please see attached word document
The following data for Iris Publishing Co. relate to the payroll for the week ended December 7, 2008: Employee hours worked hourly rate weekly salary fed. Income tax us. Savings accum ear A 38 16 109.44 29.184 B 44 25 241.50 20 47,400 C 46 30 338.10 20 70,800 D 40 12 81.60 35 30,700 E 30 10 36.00 10 14,400 F 1,100.00 242.00 4,400 G 41 24 199.20 41,500 H 2,200.00 550.00 90 105,600 I 48 18 187.20 10 43,200 Employees f and h are office staff, and all of the other employees are sales personnel. All sales personnel are paid 1 time the regular rate for all hours in excess of 40 hours per week. The social security tax rate is 6.0% on the first $100,000 of each employer's annual earnings, and medicare tax is 1.5% of each employee's annual earnings. The next payroll check to be used is no. 981 1. Prepare a payroll register for iris publishing co. for the week ended December 7, 2008. Use the following columns for the payroll register: total hours worked, regular hours, overtime hours, social security tax, medicare tax, federal income tax, u.s savings bonds, total deductions, net pay, ck, no., salaries expense, and office salaries expense 2. Journalize the entry to record the payroll for the week
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
