The following data for Southern Home Products Inc. relate to the payroll for the week ended December

Question:

The following data for Southern Home Products Inc. relate to the payroll for the week ended December 7, 2006:

The following data for Southern Home Products Inc. relate to

Employees O and T are office staff and all of the other employees are sales personnel.
All sales personnel are paid 11/2 times 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 employee's annual earnings, and Medicare tax is 1.5% of each employee's annual earnings. The next payroll check to be used is No. 818.

Instructions
1. Prepare a payroll register for Southern Home Products Inc. for the week ended December 7, 2006.
2. Journalize the entry to record the payroll for theweek.

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Accounting

ISBN: 978-0324188004

21st Edition

Authors: Carl s. warren, James m. reeve, Philip e. fess

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