Betty strands regular hourly wage rate is 18 dollars,
and she receives an hourly rate of 27 dollars for work in excess of
40 hours
during the pay period, Betty work 47 hours. Betty Federal income
tax withholding is 98 dollars, and she has no voluntary deductions.
assume that the FCIA tax rate is 7.65 %. prepare the employer
journal entries to record a. Betty's pay for the period and b. the
payment of Betty wages. use January 15 for the end of the pay
period and the payment date
Debit | Credit | ||||
a | Jan 15 | Salaries and Wages expense | 909.00 | =(40*18)+(7*27) | |
Federal Income taxes payable | 98.00 | ||||
FICA taxes payable | 69.54 | =909*7.65% | |||
Salaries and Wages payable | 741.46 | ||||
b | Jan 15 | Salaries and Wages payable | 741.46 | ||
Cash | 741.46 |
Betty strands regular hourly wage rate is 18 dollars, and she receives an hourly rate of...
A) Beth Corbin’s regular hourly wage rate is $22, and she
receives an hourly rate of $33 for work in excess of 40 hours.
During a January pay period, Beth works 45 hours. Beth’s federal
income tax withholding is $94, and she has no voluntary deductions.
Use January 15 for the end of the pay period and the payment
date.
Prepare the journal entries to record (a) Beth’s pay for the period
and (b) the payment of Beth’s wages.
(Assume...
Mary Stine's regular hourly wage rate is $12, and she receives an hourly rate of $18 for work in excess of 40 hours. During a March pay period, Mary works 47 hours. Mary's federal income tax withholding is $70, and she has no voluntary deductions. Compute Mary Stine's gross earnings and net pay for the pay period.
Bramble Corbin's regular hourly wage rate is $20, and she receives an hourly rate of $30 for work in excess of 40 hours. During a January pay period, Bramble works 45 hours. Bramble's federal income tax withholding is $98, she has no voluntary deductions, and the FICA tax rate is 7.65%, use January 15 for the end of the pay period and the payment date. Prepare the journal entries to record (a) Bramble's pay for the period and (b) the...
Current Attempt in Progress Amy Strand's regular hourly wage rate is $10, and she receives an hourly rate of $20 for work in excess of 40 hours. During a January pay period, Amy works 47 hours. Amy's federal income tax withholding is $94, and she has no voluntary deductions. Assume that the FICA tax rate is 7.65%. Prepare a tabular summary for Amy's employer to record(a) Amy's pay for the period and (b) the payment of Amy's wages. Use January...
urrent Attempt in Progress Debra Strands regular hourly wage rate is $14, and she receives an hourly rate of $21 for work in excess of 40 hours. During a January pay period. Debra works 48 hours Debra's federal income tax withholding is $89.00, and she has no voluntary deductions. Assume that the FICA tax rate is 7.65% Prepare the employer's journal entries to record(a) Debra's pay for the period and (b) the payment of Debra's wages. Use January 15 for...
Tami Strand's regular hourly wage rate is $10, and she receives an hourly rate of $20 for work in excess of 40 hours. During a January pay period, Tami works 46 hours. Tami's federal income tax withholding is $92, and she has no voluntary deductions. Compute Tami Strand's gross earnings and net pay for the pay period. Assume that the FICA tax rate is 7.65%. (Round answers to 2 decimal places, e.g. 15.25.) Tami Strand's gross earnings $ Tami Strand's...
Laura Strand's regular hourly wage rate is $20, and she receives an hourly rate of $30 for work in excess of 40 hours. During a January pay period. Laura works 45 hours. Laura's federal income tax withholding is $94, and she has no voluntary deductions. Compute Laura Strand's gross earnings and net pay for the pay period. Assume that the FICA tax rate is 7.65%. (Round answers to 2 decimal places, e.g. 15.25.) Laura's gross earnings $ 950 Laura's net...
Helen Strand's regular hourly wage rate is $14, and she receives an hourly rate of $21 for work in excess of 40 hours. During a January pay period Helen works 47 hours. Helen's federal income tax withholding is $86.00, and she has no voluntary deductions. Assume that the FICA tax rate is 7.65%. Prepare the employer's journal entries to record (al Heler's pay for the period and (b) the payment of Helen's wages. Use January 15 for the end of...
Sandra Strand's regular hourly wage rate is $18, and she receives an hourly rate of $27 for work in excess of 40 hours. During a January pay period, Sandra works 46 hours. Sandra's federal income tax withholding is $91.00, and she has no voluntary deductions. Assume that the FICA tax rate is 7.65%. Prepare the employer's journal entries to record(a) Sandra's pay for the period and (b) the payment of Sandra's wages. Use January 15 for the end of the...
Current Attempt in Progress Veronica Strand's regular hourly wage rate is $18, and she receives an hourly rate of $20 for work in excess of 40 hours. During a January pay period, Veronica works 47 hours. Veronica's federal income tax withholding is $87, and she has no voluntary deductions. Assume that the FICA tax rate is 7.65 %. Prepare a tabular summary to record the employer's payroll taxes for the period. Ignore unemployment taxes. (Round answers to 2 decimal places,...