Carla Vista Company has the following data for the weekly payroll ending May 31:     Hours Worked                         Employee   M   Tu   W   Th   F   S   Hourly Rate   CPP Deduction   Income Tax Withheld   Health Insurance A. Kassam   12   7   8   7   7   5   $16     $35.48     $93.70     $8   H. Faas   9   9   8   8   8   6   11     24.98     72.15     15   G. Labute   12   9   6   10   10   0   16     36.66     108.65     12   Employees are paid 1.5 times the regular hourly rate for all hours worked over 40 hours per week. Carla Vista Company must make payments to the workers’ compensation plan equal to 2% of the gross payroll. In addition, Carla Vista matches the employees’ health insurance contributions and accrues vacation pay at a rate of 4%.     Prepare the payroll register for the weekly payroll. Calculate each employee’s EI deduction at a rate of 1.66% of gross pay Record the payroll and Carla Vista Company’s employee benefits

Wallace Corporation summarizes the following information from its weekly payroll records during April. Type of Salary Gross Pay F.I.C.A. Tax Federal Income Tax State Income Tax Net Pay Office Staff $75,000 $6,000 $5,475 $2,000 $61,525   Required:   Prepare the two journal entries to record the payment of the payroll and the accrual of its payroll taxes for April. Assume an 8% F.I.C.A. rate for both employees and the employer. Also assume a 5.4% state unemployment tax rate, a 0.6% federal unemployment tax rate, and that all wages are subject to all payroll taxes.

Bart Consulting Firm has the following payroll information for the week ended March 20th: Name Earnings at the end of the previous week Sun. Mon. Tues. Wed. Thurs. Fri. Sat. Pay Rate Federal Income Tax Lauren, F 14,400   8 8 8 8 8   30.00 222.52 Baylor, M 12,000     8 8 8 8 8 25.00 178.55 Lims, T 7,200   8 8 8 8 8   15.00 78.00 Tate, C 6,000   8 8 8 8 8   15.00 62.00 Musker, J 4,320     8   8   8 15.00 15.00 Mako, W 3,888   8   8     8 13.50 11.00 Additional Information: Taxable earnings for Social Security are based on the first $132,900. Taxable earnings for Medicare are based on all earnings. Taxable earnings for federal and state unemployment are based on the first $7,000. Employees are paid time-and-a-half for work in excess of 40 hours per week. Round amounts to the nearest penny. What you must do: Complete the attached Payroll Register (Excel Spreadsheet). Use the following information to help: The Social Security tax rate is 6.2 percent. The Medicare tax…

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