Question: Please see attachment regarding R Tyron payroll. R Tryon Consulting Company The payroll records of a company provided the following data for the weekly pay

Please see attachment regarding R Tyron payroll.

R Tryon Consulting Company
The payroll records of a company provided the following data for the weekly pay period ended December 7:
EmployeeYTD earningsGross PayFITSIT
Ronald Arthur54,0001,20021660
John Baines40,50090016245
Ted Carter45,0001,00018050

@77=qhPlease see attachment regarding R Tyron payroll.R Tryon Consulting CompanyThe payroll records R Tryon Consulting Company The payroll records of a company provided the following data for the weekly pay period ended December 7: Employee Ronald Arthur John Baines Ted Carter YTD earnings Gross Pay 54,000 1,200 40,500 900 45,000 1,000 FIT SIT 216 162 180 60 45 50 The FICA social security tax rate is 6.2% and the FICA Medicare tax rate is 1.45% on all of this week's wages pa The federal and state unemployment tax rates are 0.8% and 5.4%, respectively, on the first $7,000 paid to eac Each employee has a deduction of $50 per week for medical insurance, $10 per week for union dues and $5 per we Complete the Payroll register below and Prepare the journal entries to (a) accrue the payroll and (b) record employer payroll taxes expense. (Don't forget yo Employee Ronald Arthur John Baines Ted Carter YTD earnings Gross Pay 54,000 1,200 40,500 900 45,000 1,000 Totals 3,100 FIT SIT 216 162 180 558 60 45 50 155 Debit Dec. 7 Salaries and wages expense Federal Income taxes payable State Income Taxes Payable FICA - Social Security Taxes Payable FICA - Medicare Taxes Payable Medical Insurance Payable Union Dues Payable United Way Payable Salaries Payable Payroll Taxes Expense FICA - Social Security Taxes Payable FICA - Medicare Taxes Payable FICA-SS Credit FICA-Med Each entry 2.6 points ended December 7: of this week's wages paid to each employee. first $7,000 paid to each employee. nion dues and $5 per week for United Way. expense. (Don't forget your descriptions for each entry.) Medical Ins. Union dues United Way Net Pay

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!