Prepare the payroll register for the pay period

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Reference no: EM13766276

Assume that the payroll records of Flip Company provided the following information for the weekly payroll ended November 30, 2014.

Employee	Hours	Rate	Fed Tax	Dues	Earnings Year-to-Date
Flop	44	$45	$362	$9	$111,000
Flim	46	15	97	5	23,200
Flam	40	25	148		5,700
Floozy	42	30	230	7	49,500

Additional information: All employees are paid overtime at time and a half for hours worked in excess of 40 per week. The FICA (total social security & medicare) tax rate is 7.65% for the first $110,100 of each employee's annual earnings. The employer pays unemployment taxes of 6.2% (5.4% for state and .8% for federal) on the first $7,000 of each employee's annual earnings.

Instructions:

a. Prepare the payroll register for the pay period.

b. Prepare a schedule to show calculation for any payroll taxes.

Reference no: EM13766276

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