Analyze: What percentage of total taxable wages was delivery wages? Complete this question by entering your answers in the tabs below Payroll General Journal Analyze Register Compute the regular, overtime, gross earnings; social security tax and Medicare tax to be withheld from each employee's earnings. Assume the employee during the year. Assume a 1.45 percent Medicare tax rate on all salaries and wages earned by the employee during the year. each employee's total earnings. (Use the table shown in Figure 10.2A & Figure 10.2B whichever is applicable) to determine the withholdi Garcia, and $228.00 for Price. Finally compute the net amount due of each employee. (Bahamon and Russell are office workers. Garcia and and final answers to 2 decimal places.) Week Beginning: Decemb ayroll Register And ending: December 21, 2019 Paid: December 23, 201 2019 Earnings Deductions Distribution Taxable wages Cumulative earnings Regular Overtime Gross Social Medicare security Income Net amount wages Social Office Del Employee time Medicare tax secur earnings earnings Gloria Bahamon Alex Garcia Ron Price Sara Russell
Journal entry worksheet 2 Record the company's payroll to be paid at a later date. Note: Enter debits before credits. Credit Date General Journal Debit Dec 21, 2019 Record entry Clear entry View general journal
Journal entry worksheet 2 Record the entry to summarize payment of the payroll Note: Enter debits before credits. Credit Date General Journal Debit Dec 23, 2019 Clear entry View general journal Record entry
Analyze Journal Register What percentage of total taxable wages was delivery wages? (Round your intermediate calculations to 2 decimal places and final answer to 1 decimal place.) Percentage of delivery wages KGeneral Journal Analyze
Homework Answers
Add Answer to:
Alexander Wilson operates Metroplex Courier and Delivery Service. He has four employees who are paid on an hourly basis. During the workweek beginning December 15 and ending December 21, 2019, his em...
Nashville Publishing Company pays its employees monthly. Payments made by the company on October 31, 2019, follow. Cumulative amounts paid to the persons named prior to October 31 are also given. 1....
Nashville Publishing Company pays its employees monthly. Payments made by the company on October 31, 2019, follow. Cumulative amounts paid to the persons named prior to October 31 are also given. 1. Paul Parker, president, gross monthly salary of $20,100; gross earnings prior to October 31, $171,400. 2. Carolyn Wells, vice president, gross monthly salary of $16,300; gross earnings paid prior to October 31, $152,400. 3. Michelle Clark, independent accountant who audits the company's accounts and performs consulting services, $16,200;...
Problem 11-3A (Part Level Submission) Mann Hardware has four employees who are paid on an hourly...
Problem 11-3A (Part Level Submission) Mann 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, 2017, are presented below. Employee Hours Worked United Fund Federal Income Tax withholdings $? 2 Ben Abel Rita Hager Jack Never Sue Perez Hourly Rate $15.00 14.00 13.00 13.00 40 41 44 46 $5.00 5.00 8.00 5.00 60.00 61.00 Abel...
BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $118,500 paid...
BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $118,500 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.6% and SUTA taxes are 2.9% of the first $7,000 paid to its employee. a. Gross Pay through August $ 5,200 18,900 112,900 Gross Pay for September $ 2,400 2,800 8,700 Compute BMX's amounts for each of these four taxes as applied to the employee's gross...
Stark Company has five employees. Employees paid by the hour earn $15 per hour for the...
Stark Company has five employees. Employees paid by the hour earn $15 per hour for the regular 40-hour workweek and $20 per hour beyond the 40 hours per week. Hourly employees are paid every two weeks, but salaried employees are paid monthly on the last biweekly payday of each month. FICA Social Security taxes are 6.2% of the first $128,400 paid to each employee, and FICA Medicare taxes are 1.45% of gross pay. FUTA taxes are 0.6% and SUTA taxes...
Problem 11-03A a-d Vaughn Hardware has four employees who are paid on an hourly basis plus...
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...
Stark Company has five employees. Employees paid by the hour earn $10 per hour for the regular 40-hour workweek and $15 per hour beyond the 40 hours per week. Hourly employees are paid every two weeks, but salaried employees are paid monthly on the last b
Stark Company has five employees. Employees paid by the hour earn $10 per hour for the regular 40-hour workweek and $15 per hour beyond the 40 hours per week. Hourly employees are paid every two weeks, but salaried employees are paid monthly on the last biweekly payday of each month. FICA Social Security taxes are 6.2% of the first $137,700 paid to each employee, and FICA Medicare taxes are 1.45% of gross pay. FUTA taxes are 0.6% and SUTA taxes...
• There is not enough information to answer this question. 23. The schedule of accounts payable...
• There is not enough information to answer this question. 23. The schedule of accounts payable is prepared from the general Journal receiving report general ledge accounts payable subsidiary ledger None of the above 24. Which of the following is an objective of Internal control of purchases? To create more organized invoices To create a disciplined work environment To make the sales process more complex None of the above 25. Discount Store, a retail business, keeps a $100 change fund...
Nashville Publishing Company pays its employees monthly. Payments made by the company on October 31, 2019,...
Nashville Publishing Company pays its employees monthly. Payments made by the company on October 31, 2019, follow. Cumulative amounts paid to the persons named prior to October 31 are also given. Paul Parker, president, gross monthly salary of $20,000; gross earnings prior to October 31, $160,000. Carolyn Wells, vice president, gross monthly salary of $15,000; gross earnings paid prior to October 31, $150,000. Michelle Clark, independent accountant who audits the company’s accounts and performs consulting services, $16,500; gross amounts paid...
Problem 11-03A a-d Vaughn Hardware has four employees who are paid on an hourly basis plus time-a...
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, 2020, are presented below. Employee Ben Abel Rita Hager Jack Never Sue Perez Hours Worked 40 42 Hourly Rate Withholdings Fund $5 $15 16 13 13 60 61 8 46 Abel and Hager are married. They claim 0 and 4 withholding allowances, respectively. The following...
1. Calculate Payroll Breakin Away Company has three employees-a consultant, a computer programmer, and an administrator....
1. Calculate Payroll Breakin Away Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee: Consultant Computer Programmer Administrator Regular earnings rate $2,910 per week $30 per hour $44 per hour Overtime earnings rate Not applicable 1.5 times hourly rate 2 times hourly rate Number of withholding allowances 3 2 1 For the current pay period, the computer programmer worked 60 hours and the administrator worked 50 hours. The federal...
Nashville Publishing Company pays its employees monthly. Payments made by the company on October 31, 2019, follow. Cumulative amounts paid to the persons named prior to October 31 are also given. 1. Paul Parker, president, gross monthly salary of $20,100; gross earnings prior to October 31, $171,400. 2. Carolyn Wells, vice president, gross monthly salary of $16,300; gross earnings paid prior to October 31, $152,400. 3. Michelle Clark, independent accountant who audits the company's accounts and performs consulting services, $16,200;...
Problem 11-3A (Part Level Submission) Mann 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, 2017, are presented below. Employee Hours Worked United Fund Federal Income Tax withholdings $? 2 Ben Abel Rita Hager Jack Never Sue Perez Hourly Rate $15.00 14.00 13.00 13.00 40 41 44 46 $5.00 5.00 8.00 5.00 60.00 61.00 Abel...
BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $118,500 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.6% and SUTA taxes are 2.9% of the first $7,000 paid to its employee. a. Gross Pay through August $ 5,200 18,900 112,900 Gross Pay for September $ 2,400 2,800 8,700 Compute BMX's amounts for each of these four taxes as applied to the employee's gross...
Stark Company has five employees. Employees paid by the hour earn $15 per hour for the regular 40-hour workweek and $20 per hour beyond the 40 hours per week. Hourly employees are paid every two weeks, but salaried employees are paid monthly on the last biweekly payday of each month. FICA Social Security taxes are 6.2% of the first $128,400 paid to each employee, and FICA Medicare taxes are 1.45% of gross pay. FUTA taxes are 0.6% and SUTA taxes...
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...
• There is not enough information to answer this question. 23. The schedule of accounts payable is prepared from the general Journal receiving report general ledge accounts payable subsidiary ledger None of the above 24. Which of the following is an objective of Internal control of purchases? To create more organized invoices To create a disciplined work environment To make the sales process more complex None of the above 25. Discount Store, a retail business, keeps a $100 change fund...
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, 2020, are presented below. Employee Ben Abel Rita Hager Jack Never Sue Perez Hours Worked 40 42 Hourly Rate Withholdings Fund $5 $15 16 13 13 60 61 8 46 Abel and Hager are married. They claim 0 and 4 withholding allowances, respectively. The following...
Most questions answered within 3 hours.
-
In C++
In this homework, you will be tasked with creating functions to
manipulate strings that...
asked 3 minutes ago -
An isolated colony represents a pure culture. one rare occasions
, however , a colony can...
asked 17 minutes ago -
*****DO NOT ANSWER THIS QUESTION IF YOU DON'T
KNOW*******Rights and Duties of Auditors; Minimum 4000
words...
asked 1 hour ago -
The probability that Janie is wearing sunglasses is 1/4. The
probability that she is wearing sunglasses...
asked 1 hour ago -
Do you believe social media is more of a help or a hindrance in
controlling crises...
asked 2 hours ago -
Two long, parallel wires separated by 2.85 cm carry currents in
opposite directions. The current in...
asked 1 hour ago -
Question # 1. Develop a list of rehabilitation journals
that publish articles concerning career counseling for...
asked 1 hour ago -
Bryant Company has a factory machine with a book value of
$85,100 and a remaining useful...
asked 1 hour ago -
What is the default classification for federal tax purposes of a
U.S. eligible entity with one...
asked 2 hours ago -
1. How many grams would 4.0x1021 atoms of calcium
weigh?
2.. Calculate the percent oxygen in...
asked 1 hour ago -
Balance Equation
K2Cr2O7 + H2C2O4 2H2O 6 K[Cr(C2O4 )2 (H2O)2 ]2H2O + CO2 +
H2O
asked 2 hours ago -
Select a position in the clinical laboratory and write an
appropriate job description and corresponding work...
asked 2 hours ago