Question: Using the information from the payroll register. PAYROLL REGISTER PAY PERIOD ENDING Dec 31 20 DATE OF PAYMENT Dec 31, 20 NET PAY CK NO

PAYROLL REGISTER PAY PERIOD ENDING Dec 31 20 DATE OF PAYMENT Dec 31, 20 NET PAY CK NO EARNINGS NAME RATE GUILAR JOVEM TOTAL TAX 31 Coleman Clarence MO41 760304 00 1140 31540 1955 2 28 Lorman, Victoria S1308 00 24000 240100 14188 533 Peterson Peg St 38725 275 50 275/50 17/08 35 Torrez, Joyce M23572525100 26100 16 18 DEDUCTIONS ORANT SET YAK 4/572100 631 3148 2100 4/80 3/992600 5/51 378 600 522 40 5143 49/56 52 58 36/58 25397 19044 40 TOTALS 1.050 50 114010910067691582700021 SUR- GUDUw 10.601901590175 INSTRUCTIONS In your working papers 1. Record the entry for the payment of the payroll on page 15 of the general Journal (Check 1201, dated Dec. 31). 2. Use the information in the payroll register to compute the employer's payroll taxes: . FICA taxes (6,2% for social security, 1.45% for Medicare) federal unemployment tax (0.8.) state unemployment tax (5.4%) None of the employees has reached the taxable earnings limit. 3. Record the entry for the employer's payroll taxes on page 15 of the general Journal Sign Out 05:33 Search the menus (Alt+) 100% $% 0 .00 123- Default (Art. 10 Geneneral Journal A B D E F G H 1 K L MN P 0 Date Description Peci Het Debit 4 Credit 5 1 2 6 7 3 4 10 un DNG 11 9 1s 10 11 12 13 14 15 16 17 18 19 20 21 22 24 Sheet1
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
