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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 398 Weeks Ago, 6 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Marissa’s Sushi has the following data for the weekly payroll ending January 31:
|
Hours |
||||||
|
Employee |
M |
T |
W |
T |
F |
S |
|
M. Hindi |
8 |
8 |
9 |
8 |
10 |
3 |
|
E. Benson |
8 |
8 |
8 |
8 |
8 |
2 |
|
K. Estes |
9 |
10 |
8 |
8 |
9 |
0 |
|
Hourly Rate |
Federal Income Tax Withholding |
Health Insurance |
|
$11 |
$34 |
$10 |
|
13 |
37 |
15 |
|
14 |
58 |
15 |
Employees are paid 11⁄2 times the regular hourly rate for all hours worked in excess of 40 hours per week. FICA taxes are 8 percent on the first $87,900 of gross earnings. Marissa’s Sushi is subject to 5.4 percent state unemployment taxes on the first $9,800 and 0.8 percent federal unemployment taxes on the first $7,000 of gross earnings.
Instructions
(a) Prepare the payroll register for the weekly payroll.
(b) Prepare the journal entries to record the payroll and Marissa’s payroll tax expense.
Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------acq-----------uis-----------iti-----------on -----------of -----------my -----------pos-----------ted----------- so-----------lut-----------ion-----------.Pl-----------eas-----------e p-----------ing----------- me----------- on-----------cha-----------t I----------- am----------- on-----------lin-----------e o-----------r i-----------nbo-----------x m-----------e a----------- me-----------ssa-----------ge -----------I w-----------ill----------- be-----------