Hours Employee M T W T F S Hourly Rate Federal Income Tax Withholding L. Helton 9 7 8 8 10 10 2 $12 $33 R. Kenseth 7 8 8 8 8 5 14 36 D. Tavaras 9 10 8 990 15 60 Health Insurance $12 紅 27 26 Employees are paid 1.50 times the regular hourly rate for all hours worked in excess of 40 hours per week. FICA taxes are 7.65% on the first $132,900 of gross earnings. Bonita Company is subject to 5.40% state unemployment taxes and 0.60% federal unemployment taxes on the first $7,000 of gross earnings. (a) Prepare the payroll register for the weekly payroll. (Round answers to 2 decimal places, e.g. 15.25.) Earnings Employee Total Hours Regular Overtime Gross Pa L. Helton $ $ $ R. Kenseth D. Tavaras Totals $ $ $

Hours Employee M T W T F S Hourly Rate Federal Income Tax Withholding L. Helton 9 7 8 8 10 10 2 $12 $33 R. Kenseth 7 8 8 8 8 5 14 36 D. Tavaras 9 10 8 990 15 60 Health Insurance $12 紅 27 26 Employees are paid 1.50 times the regular hourly rate for all hours worked in excess of 40 hours per week. FICA taxes are 7.65% on the first $132,900 of gross earnings. Bonita Company is subject to 5.40% state unemployment taxes and 0.60% federal unemployment taxes on the first $7,000 of gross earnings. (a) Prepare the payroll register for the weekly payroll. (Round answers to 2 decimal places, e.g. 15.25.) Earnings Employee Total Hours Regular Overtime Gross Pa L. Helton $ $ $ R. Kenseth D. Tavaras Totals $ $ $

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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