Question: Using the information in this Module under the assignments for Viking Company, do the following: 1 . Compute the total wages for all the employees

Using the information in this Module under the assignments for Viking Company, do the following:
1.Compute the total wages for all the employees per pay period weekly basis.
2.Compute the taxes due but not yet paid.
3.Pay the employees on the same pay date and record the payroll in the General Journal including the taxes owed but not paid.
4.Using 2024forms and the Cash method of accounting prepare the federal form 941(page 1only)for the 2month period.
5.Record pay all the taxes due and record in the General Journal format as paid. 6.Submit all the answers to the fore going assignments.
The Viking company is a service company that started business On Novernber 12024.Listed are the employees of the company, number of hours worked ,pay per hour. All employees earn $ 13.50per hour unless otherwise noted below.
Name: Social Security # Pay per hour
Karen Gribb262-14-3890
Jason Hardy535-91-5018 $14.00
Richie Hastings535-26-7198 Salary per week $600.00
Josephine Mills535-68-3163 $15.00
Scotty Schneider542-75-8642 $16.00
Sandy Strawsw562-52-0402
Vick Travis535-53-2317
Mark Waller433-92-6861 $14.50
Chad Wellington523-12-5725 $13.75
Cherrie Wellington538-98-6210
Donna Jones567-29-0359
The Social Security and Medicare tax rate withheld from employees pay is7.65%.
The employer's unemployment tax is 0.84%on gross wages paid.
The employer's Labor and Industries tax is $ 0.3575per hour worked.
All employees have claimed exempt from federal tax on their form W-4.
Payroll dates:
11/8/202411/15/202411/22/202411/29/2024
Hours worked Hours worked Hours worked Hours worked
Karen Gribs 21232024
Jason Hardy 26272425
Richie Hastings 40404040
Josephine Mills 32313034
Scot Schneider 18152120
Sandy Straws 36383534
Vick Travis 19

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!