For the Corporation I have created I need to prepare the Corporation needs a Payroll Register and Payroll Tax Register for the three employees for the week ended August 31, 2024. August 2024 has 22 working days. As well as the total coronation payroll expense for the month ended August 31, 2024. -I also attached an image of the outline of the payroll register and payroll tax register for my corporation. The Corporation employs three employees, and pays time-and-a-half for overtime and monthly paychecks are distributed on the Friday following the last day of the month. The Corporation withholds federal income tax at 18%, state income tax at 7%, FICA-OASDI at 6.2% for wages up to $118,500, and FICA-Medicare at 1.45%. The Corporation also pays payroll taxes for FICA-OASDI at 6.2% for wages up to $118,500, FICA--Medicare at 1.45%, and state and federal unemployment at 5.4% and 0.6% respectively for wages up to $7,000. August 2024 has 22 working days. The payroll data employees for the month ended August 31: Name Straight Time Rate Hours Worked Beginning Cumulative Earnings Tommy S $30 175 $52,000 Lee Y 34 196 $23,000 Sarah H 26 190 $3,060
For the Corporation I have created I need to prepare the Corporation needs a Payroll Register and Payroll Tax Register for the three employees for the week ended August 31, 2024. August 2024 has 22 working days. As well as the total coronation payroll expense for the month ended August 31, 2024.
-I also attached an image of the outline of the payroll register and payroll tax register for my corporation.
The Corporation employs three employees, and pays time-and-a-half for overtime and monthly paychecks are distributed on the Friday following the last day of the month.
The Corporation withholds federal income tax at 18%, state income tax at 7%, FICA-OASDI at 6.2% for wages up to $118,500, and FICA-Medicare at 1.45%.
The Corporation also pays payroll taxes for FICA-OASDI at 6.2% for wages up to $118,500, FICA--Medicare at 1.45%, and state and federal
The payroll data employees for the month ended August 31:
|
Name |
Straight Time Rate |
Hours Worked |
Beginning Cumulative Earnings |
|
Tommy S |
$30 |
175 |
$52,000 |
|
Lee Y |
34 |
196 |
$23,000 |
|
Sarah H |
26 |
190 |
$3,060 |
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For the Corporation I have created I need to prepare the Corporation needs a Payroll Register and Payroll Tax Register for the three employees for the week ended August 31, 2024. August 2024 has 22 working days. As well as the total coronation payroll expense for the month ended August 31, 2024.
-I also attached an image of the outline of the payroll register and payroll tax register for my corporation.
-the income tax is seperated into the state and federal please do them separately
and compute the total payroll expense and total gross Pay for the month ended august 31, 2024 and fill in box at bottom of image.
The Corporation employs three employees, and pays time-and-a-half for overtime and monthly paychecks are distributed on the Friday following the last day of the month.
The Corporation withholds federal income tax at 18%, state income tax at 7%, FICA-OASDI at 6.2% for wages up to $118,500, and FICA-Medicare at 1.45%.
The Corporation also pays payroll taxes for FICA-OASDI at 6.2% for wages up to $118,500, FICA--Medicare at 1.45%, and state and federal
The payroll data employees for the month ended August 31:
|
Name |
Straight Time Rate |
Hours Worked |
Beginning Cumulative Earnings |
|
Tommy S |
$30 |
175 |
$52,000 |
|
Lee Y |
34 |
196 |
$23,000 |
|
Sarah H |
26 |
190 |
$3,060 |
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