Complete the payroll register

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Reference no: EM131798715

R Tryon Consulting Company

The payroll records of a company provided the following data for the weekly pay period ended December 7:

Employee

YTD earnings

Gross Pay

FIT

SIT

Ronald Arthur

54,000

1,200

216

60

John Baines

40,500

900

162

45

Ted Carter

45,000

1,000

180

50

The FIC A social security tax rate is 6.2% and the FIC A Medicare tax rate is 1.45% on all of this week's wages paid to The federal and state unemployment tax rates are 0.8% and 5.4%, respectively, on the first $7,000 paid to each empl Each employee has a deduction of $50 per week for medical insurance, $10 per week for union dues

Complete the Payroll register below and Prepare the journal entries to (a) accrue the payroll and (b) record employer payroll taxes expense.

Employee

YTD earnings

Gross Pay

FIT

SIT

FICA-SS

FICA-Med

Ronald Arthur

54,000

1,200

216

60

 

 

John Baines

40,500

900

162

45

 

 

Ted Carter

45,000

1,000

180

50

 

 

 

Totals

3,100

558

155

 

 

Debit Credit

Dec. 7

Salaries and wages expense

 

Federal Income taxes payable

 

State Income Taxes Payable

 

FICA - Social Security Taxes Payable

 

FICA - Medicare Taxes Payable

 

Medical Insurance Payable

 

Union Dues Payable

 

United Way Payable

 

Salaries Payable

 

Payroll Taxes Expense

FICA - Social Security Taxes Payable

FICA - Medicare Taxes Payable

Reference no: EM131798715

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