Prepare a payroll register for the weekly payroll

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Question - 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, 2014, are presented below.

Employee

Hours Worked

Hourly Rate

Federal Income Tax Withholdings

United Fund

Ben Abel

40

$15

$?


$5.00

Rita Hager

42

16

?


5.00

Jack Never

44

13

60.00


8.00

Sue Perez

46

13

61.00


5.00

Abel and Hager are married. They claim 0 and 4 withholding allowances, respectively. The following tax rates are applicable: FICA 7.65%, state income taxes 3%, state unemployment taxes 5.4%, and federal unemployment 0.8%.

Prepare a payroll register for the weekly payroll. (Use the wage-bracket withholding table in the text for federal income tax withholdings.)

Journalize the payroll on March 15, 2014, and the accrual of employer payroll taxes.

Journalize the payment of the payroll on March 16, 2014.

Reference no: EM132116780

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