Lauprechta Incorporated has the following employees on payroll. Assume that all the employees has onlyone job or that step 2 of Form W-4 is not checked and all dependents are under the age of 17. Also, theemployer uses the Percentage Method Tables for Manual Payroll Systems with Forms W-4 from 2020 orLater. Use percentage method tables for a manual payroll systems.SemimonthlyPayrollNumber ofDependentsfrom Form W-Marital4StatusNailaWilfredByron$ 6,2003Married$ 5,5002Married$ 4,1000SingleHead ofAnnie$ 4,7001HouseholdRequired:Complete the table for taxes to be withheld for each pay period.Note: Round your intermediate computations and final answers to 2 decimal places.Employee Federal Withholding TaxSocial SecurityTaxTotal TaxesMedicare TaxWithheldNaila$0.00Wilfred$0.00Byron$0.00Annie$0.00

Answered: Lauprechta Incorporated has the…

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter10: Payroll Register (pr)

Section: Chapter Questions

Problem 2R: You have been asked to record the November payroll information using a payroll register and a...

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Lauprechta Incorporated has the following employees on payroll. Assume that all the employees has only one job or that step 2 of Form W-4 is not checked and all dependents are under the age of 17. Also, the employer uses the Percentage Method Tables for Manual Payroll Systems with Forms W-4 from 2020 or Later. Use percentage method tables for a manual payroll systems. Number of Dependents from Form W-4 Semimonthly Payroll $ 6,400 $ 5,120 Marital Status Married 3 Naila Wilfred 2 Married $ 3,720 0 Byron Annie Single $ 4,320 1 Single Required: Complete the table for taxes to be withheld for each pay period. Note: Round your intermediate computations and final answers to 2 decimal places. Employee Federal Withholding Tax Social Security Tax Medicare Tax Total Taxes Withheld Naila Wilfred Byron Annie
Lauprechta Incorporated has the following employees on payroll. Assume that all the employees has only one job or that step 2 of Form W-4 is not checked and all dependents are under the age of 17. Also, the employer uses the Percentage Method Tables for Manual Payroll Systems with Forms W-4 from 2020 or Later. Use percentage method tables for a manual payroll systems. Number of Dependents from Form Marital Status Semimonthly Payroll W-4 Naila Wilfred Byron $ 6,220 $ 5,520 $ 4,120 320 Married Married Single Annie $ 4,390 1 Head of Household Required: Complete the table for taxes to be withheld for each pay period. Note: Round your intermediate computations and final answers to 2 decimal places. Employee Federal Withholding Tax Social Security Tax Medicare Tax Total Taxes Withheld Naila Wilfred Byron Annie
Lauprechta Incorporated has the following employees on payroll. Assume that all the employees has only one job or that step 2 of Form W-4 is not checked and all dependents are under the age of 17. Also, the employer uses the Percentage Method Tables for Manual Payroll Systems with Forms W-4 from 2020 or Later. Use percentage method tables for a manual payroll systems. Semimonthly Payroll Number of Dependents from Form W-4 Marital Status Naila $ 6,140 3 Married Wilfred $ 5,440 2 Married Byron $ 4,040 0 Single Annie $ 4,430 1 Head of Household Required: Complete the table for taxes to be withheld for each pay period.
Lauprechta Incorporated has the following employees on payroll. Assume that all the employees has only one job or that step 2 of Form W-4 is not checked and all dependents are under the age of 17. Also, the employer uses the percentage method table for a manual payroll system. Use percentage method tables for a manual payroll systems. Naila Wilfred Byron Annie Employee Naila Wilfred Semimonthly Payroll $ 6,500 $5,140 $ 3,740 $4,340 Byron Anvie Number of Dependents from Form Federal Withholding Tax W.4 3 2 0 Required: Complete the table for taxes to be withheld for each pay period. (Round your intermediate computations and final answers to 2 decimal places.) 1 Marital Status Married Married Single Single Social Security Tax Medicare Tax Total Taxes Withheld
Lauprechta Incorporated has the following employees on payroll. Assume that all the employees has only one job or that step 2 of Form W-4 is not checked and all dependents are under the age of 17. Also, the employer uses the Percentage Method Tables for Manual Payroll Systems with Forms W-4 from 2020 or Later. Use percentage method tables for a manual payroll systems. Naila Wilfred Byron Annie Semimonthly. Payroll $6,000 $5,300 $ 3,900 $ 4,500 Number of Dependents. from Form W-4 3 2 0 Marital Status Married. Married. Single Single Required: Complete the table for taxes to be withheld for each pay period. disto commutations and final answers to 2 decimal places.
Lauprechta Incorporated has the following employees on payroll: Employees Semimonthly Payroll Number of Dependents from Form W-4 Marital Status Naila $ 6,000 3 Married Wilfred $ 5,300 2 Married Byron $ 3,900 0 Single Annie $ 4,500 1 Head of Household Assume that the employer uses the percentage method table for a manual payroll system. Required: Prepare Form 941 including Schedule B for the first quarter of 2023. Assume that the payroll is consistent every pay period beginning in January through March 31, that pay days are the 15th and the last day of the month, and that all tax deposits were made on a timely basis as required. Lauprechta Incorporated's Employer Identification Number (EIN) is 36-1238975, and its address is 1825 Elkhart Way, Columbus, GA 31904. Assume the company made no provisions for COVID-19 changes in the first quarter. Use percentage method tables for a manual payroll systems.
Assume that you are working with a payroll application that produces weekly paychecks, including paystubs. Listed below are 20 data elements that would appear on the paycheck/paystub. For each numbered item, indicate the immediate (versus ultimate) source of the item. For instance, the immediate source of the number of exemptions for an employee would be the employee master data, as opposed to the ultimate source, which is the W-4 form filed by the employee. Some items may have more than one source, as in the case of item 1. You have the following choices: Arrange your answer as follows: The items to be considered are as follows:
Calculate the amount to withhold from the following employees using the biweekly table of the percentage method. Kenneth Karcher (single), $895 wages $fill in the blank 1 Mary Kenny (married filing jointly), $1,900 wages $fill in the blank 2 Thomas Carney (single), $1,460 wages $fill in the blank 3 2020 Wage Bracket Method Tables for Manual Payroll Systems With Forms W-4 From 2020 or LaterBIWEEKLY Payroll Period If the Adjusted Wage Amount (line 1h) is Married Filing Jointly Head of Household Single or Married Filing Separately At least But less than Standard Withholding Form W-4, Step 2, Checkbox Withholding Standard Withholding Form W-4, Step 2, Checkbox Withholding Standard Withholding Form W-4, Step 2, Checkbox Withholding The Tentative Withholding Amount is: $380$390$400$410$420 $390$400$410$420$430 $0$0$0$0$0 $0$0$0$0$0 $0$0$0$0$0 $3$4$5$6$7 $0$0$0$0$0 $15$16$17$18$19 $430$445$460$475$490 $445$460$475$490$505 $0$0$0$0$0 $0$0$0$1$2 $0$0$0$0$0 $8$9$11$12$14…
An employee has a net payroll amount of $5,064.50. What is the correct journal entry to record this payment on payday?
· Prepare and use a payroll register including Social Security and Medicare withholdings. Use =IF and =ROUND to design the Social Security tax and union dues formulas. Record journal entries for payroll, employer's tax liability, and payment of payroll taxes. Identify behavior patterns among payroll taxes over time. Alter the worksheet to include an additional employee. Create a chart showing the percentage of an employee's gross pay that is withheld for taxes and other such deductions, and how much is left over as net pay. PROBLEM DATA Reno Graphics has five employees, and they are paid at the end of each month. Payroll data for November are as follows: Employee Jones Miller Smith Williams Zlotorzynski Gross Pay for November $9,000 1,530 1,210 12,000 4,200 Federal Income Tax Withheld $1,948 137 89 Cumulative Gross Pay at October 31 $? 15,570 6,550 2,788 661 Other information (using 2011 rates) is as follows: a. Social security taxes are 4.2% of monthly gross pay up to a cumulative…
Felipe's Mexican Restaurant incurred salaries expense of $59,000 for 2024. The payroll expense includes employer FICA tax, in addition to state unemployment tax and federal unemployment tax. Of the total salaries, $16,000 is subject to unemployment tax. Also, the company provides the following benefits for employees: health insurance (cost to the company, $2,400), life insurance (cost to the company, $400), and retirement benefits (cost to the company, 5% of salaries expense). A (Click the icon to view payroll tax rate information.) More info Requirements For all payroll calculations, use the following tax rates and round amounts to the nearest cent: 1. Journalize Felipe's expenses for employee benefits and for payroll taxes. Explanations are not required. Employee: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. 2. What was Felipe's total expense for 2024 related to payroll? Employer: OASDI: 6.2% on first $132,900 earned per…
(J) lauprechta Incorporated has the following employees on payroll: Employees is paid Semimonthly Naila $ 6,000 3 dependents Married, Wilfred $ 5,300 2 dependent Married, Byron $3900 0 dependents Single, Annie $ 4,500 1 dependent Head of Household. Assume that the employer uses the percentage method table for a manual payroll system. Prepare form 940 for 2022. No futa deposits were made during the year. assume Lauprechta has timely paid all amounts due to the state unemployment fund assume a total of amount of 3471 and the payroll was consistent throughout the entire year.

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