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Question - Populate Employee Earnings Records
Complete the remainder of the employee earnings records for the five employees from PSa 4-6. The earnings section of the employee earnings records was previously completed in PSa 2-13 and PSa 3-9. Note that voluntary withholdings on the payroll register must be divided across the appropriate columns within the employee earnings records.
Drew Painter earns $16.60/hour, and worked 51 hours during the most recent week. He participates in a flexible spending account, to which he contributes $50 each period. Drew Painter is married, claims five federal withholding allowances and four state withholding allowances. Drew Painter voluntarily deducts life insurance of $20 and a charitable contribution of $25 each pay period. His year-to-date taxable earnings for Social Security tax, prior to the current pay period, are $51,750, and he is paid with check #0504.
Notes: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.
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