Question

PR 11-4B Payroll register OBJ. 2,3 The following data for Flexco Inc. relate to the payroll for the week ended December 9, 2048: 1. Total net pay $16,592.58 Hours Worked Hourly Rate $50.00 Weekly Salary Retirement Savings $ 60 100 $4,000 Employee Carlton Grove Johnson Koufax Maddux Seaver Spahn Winn Young 52.00 58.00 45.00 Federal Income Tax $667.00 860.00 355.68 578.55 349.65 768.00 382.20 572.00 480.60 44 3,200 120 0 46 52.00 50.00 54.00 80 Employees Grove and Seaver are office staff, and all of the other employees are sales personnel. All sales personnel are paid 1 times the regular rate for all hours in excess of 40 hours per week. The social security tax rate is 6.0% 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. 328. Instructions 1. Prepare a payroll register for Flexco Inc. for the week ended December 9, 2018. Use the following columns for the payroll register: Employee, Total Hours, Regular Earnings. Overtime Earnings, Total Earnings, Social Security Tax, Medicare Tax, Federal Income Tax, Retirement Savings, Total Deductions, Net Pay, Ck. No., Sales Salaries Expense, and Office Salaries Expense. 2. Journalize the entry to record the payroll for the week.

Answer 1

1.

PAYROLL FOR WEEK ENDING December 9, 2048 EARNINGS PAID Total Hours Social Security Tax Overtime Regular 2,000.00 52 900.00 Employee Carlton Grove Johnson Koufax Maddux Seaver Spahn Winn Young 1,872.00 2,320.00 1,665.00 Total 2,900.00 4,000.00 1,872.00 2,755.00 1,665.00 3,200.00 2,548.00 2,600.00 2,403.00 23,943.00 DEDUCTIONS Federal Medicare Income Retirement Tax Tax Savings 43.50 667.00 60.00 60.00 860.00 100.00 28.08 355.68 41.33 578.55 44.00 24.98 349.65 62.00 48.00 768.00 120.00 38.22 382.20 39.00 572.00 75.00 36.05 480.60 480.60 80.00 359.16 5,013.68 541.00 174.00 240.00 112.32 165.30 99.90 192.00 152.88 156.00 144.18 1,436.58 435.00 Total 944.50 1,260.00 496.08 829.18 536.53 1,128.00 573.30 842.00 740.83 7,350.42 Net Pay 1,955.50 2,740.00 1,375.92 1,925.82 1,128.47 2,072.00 1,974.70 1,758.00 1,662.17 16,592.58 ACCOUNT DEBITED Sales Office Salarios Salaries Expense Expense 2,900.00 4,000.00 1,872.00 2,755.00 1,665.00 3,200.00 2,548.00 2,600.00 2,403.00 16,743.00 7,200.00 Ck. No. 328 329 330 331 332 333 334 335 336 2,080.00 2,000.00 2,160.00 14,097.00 1 468.00 600.00 243.00 2,646.00

2.

16,743.00 7,200.00 Sales Salaries Expense Office Salaries Expense Social Security Tax Payable Medicare Tax Payable Employees Federal Income Tax Payable Retirement Savings Deductions Payable Salaries Payable 1,436.58 359.16 5,013.68 541.00 16,592.58