Question: prepare two word documents showing general journal entries for the employee and employer side, payment of wages, accrual of vacation time, and payment of tax

prepare two word documents showing general journal entries for the employee and employer side, payment of wages, accrual of vacation time, and payment of tax liabilities.

1- Use 6.2 percent for Social Security and 1.45 percent for Medicare for each employee. For FUTA, use .08 of the first $7,000 of each employee. For SUTA, use 5.4% of the first $8,500 of each employee.

All of the employees are paid on a weekly basis on Friday.

This project will focus on payroll for the dates ending 01/15/20 and 01/24/2020.

For all voluntary benefits, there is a 50/50 cost sharing agreement.

Any information students need to use such as tax tables, should be retrieved from the Georgia Department of Revenue and Internal Revenue Service using the 2018 tax year.

Employee Name

Hourly or Salary

Filing Status

Number of Allowances for Federal and State Withholding.

Pay rate/hour

Hourly worked

For the first payroll period

Hourly worked

For the second payroll period

Over time

hours

earn hours of vacation each pay period

Applie, Suzie

Hourly

Single

0

15

50

45

10

3

Banana, Tim

Hourly

Married

1

25

70

60

3

Catalope, Cheri

Salary

Married

3

20

60

70

3

Dill, Sadie

Salary

Head of Household

3

35

70

65

3

Eggplant, Bill

Hourly

Single

0

13

55

45

20

3

Fort, Kyle

Hourly

Married

0

15

45

55

3

Gould, Matt

Salary

Married

4

30

60

65

3

Hamm, Mason

Hourly

Single

1

15

65

56

3

Igloo, Alice

Hourly

Married

2

15

56

70

25

3

Jasper, Alex

Hourly

Single

2

25

55

45

3

Employee Name

Healthcare,

union

Dental

Vision

Dependednt Education Fund

Accident Insuranc

401K

Applie, Suzie

$0

0

0

0

0

0

0

Banana, Tim

$10

0

$5

$5

0

0

$20

Catalope, Cheri

0

$5

10

6

0

0

12

Dill, Sadie

15

0

5

7

5

7

25

Eggplant, Bill

0

0

0

0

0

0

Fort, Kyle

0

0

0

0

0

0

15

Gould, Matt

20

0

9

8

0

0

15

Hamm, Mason

10

0

0

0

0

0

0

Igloo, Alice

0

0

0

0

0

0

15

Jasper, Alex

12

0

5

8

0

0

18

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