Question

Problem 11-03A a-d Vaughn Hardware has four employees who are paid on an hourly basis plus time-and-a-half for all hours worked in excess of 40 a week. Payroll data for the week ended March 15, 20 Employee Hours Worked Hourly Rate Federal Income Tax withholdings United Fund Ben Abel $15 Rita Hager Jack Never Sue Perez Abel and Hager are married. They daim 0 and 4 withholding allowances, respectively. The following tax rates are applicable: FICA 7,65%, state income taxes 3%, state unemployment federal unemployment 0.8%

Answer 1

Employees Ben Abel Rita hager Jack never Sue perez Payroll Register Hrs in Over FICA Federal State excess of Over time taxes income income United Total hours Hourly rate Regular 40 aweek time rate wages Gross pay @7.65% tax tax fund Total Net pay 40 $ 15.00 $ 600.00 0 $ 600.00 $ 45.90 49 $ 18.00 5 $ 117.90 $ 482.10 42 $ 16.00 $ 672.00 16 $ 688.00 $ 52.63 22 $ 20.64 5 $ 100.27 $ 587.73 44 $ 13.00 $ 572.00 26 $ 598.00 $ 45.75 60 $ 17.94 8 $ 131.69 $ 466.31 46 $ 13.00 $ 598.00 39 $ 637.00 $ 48.73 61 $ 19.11 5 $ 133.84 $ 503.16 $2,442.00 $ 21.00 $81.00 $2,523.00 $ 193.01 $ 192.00 $ 75.69 $ 23.00 $ 483.70 $2,039.30 6.5 $ 2,523.00 Particulars Salaries and wages FICA taxes payable Federal income taxes withheld State income taxes withheld United state fund payable Salaries payable $ 193.01 $ 192.00 $ 75.69 23.00 $ 2,039.30 349.44 Payroll tax expense FICA payable SUTA payable FUTA payable $ $ $ 193.01 136.24 20.18 $2,039.30 Salaries and wages payable Cash $ 2,039.30 FICA payable Federal income taxes withheld Cash 386.02 192 $ 578.02