(A) Payroll register of Yemi drugs store
Employees | hours worked | Hourly rate | Regular | Overtime | Gross pay | FICA | Federal income tax |
M.Dvorska | 39 | 12 | 468 | 0 | 468 | 37.44 | 34 |
D.Mottl | 42 | 11 | 462 | 33 | 495 | 39.60 | 20 |
L.Abbasova | 44 | 10 | 440 | 60 | 500 | 40.00 | 51 |
A.Lee | 46 | 20 | 920 | 180 | 1100 | 88.00 | 36 |
Totals | 2290 | 273 | 2563 | 205.04 | 141 |
(B)
Date | particulars | Debit | Credit | ||||
Feb-15 | Salaries and Wages Expense Dr. | 2,563.00 | |||||
To FICA Taxes Payable | 205.04 | ||||||
To Federal Income Taxes Payable | 141 | ||||||
To State Income Taxes Payable | 76.89 | ||||||
To United Fund Contributions Payable | 20 | ||||||
To Salaries and Wages Payable | 2120.07 | ||||||
Feb-15 | Payroll Tax Expense Dr. | 363.946 | |||||
To FICA Taxes Payable* | 205.04 | ||||||
To Federal Unemployment Taxes Payable** | 20.504 | ||||||
To State Unemployment Taxes Payable*** | 138.402 | ||||||
(C) | |||||||
Feb-16 | Salaries and Wages Payable Dr. | 2120.07 | |||||
To Cash | 2120.07 | ||||||
Feb-28 | FICA Taxes Payable# Dr. | 410.08 | |||||
Federal Income Taxes Payable | 141 | ||||||
To Cash | 551.08 | ||||||
gross pay | tax rate | amount | |||||
* | 2563 | 8 | 205.04 | ||||
** | 2563 | 0.8 | 20.504 | ||||
*** | 2563 | 5.4 | 138.402 | ||||
# | 205.04+205.04 | ||||||
P11-3B Yemi's Drug Store has four employees who are paid on an hourly basis plus time-and-a-half...
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