Del Hardware has four employees who are paid on an hourly - 12952

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yousafbhutta

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  • Posted on: Tue 24 Jul, 2012
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P11-3A


Del Hardware has four employees who are paid on an hourly basis plus time-and-a half for all hours worked in excess of 40 a week. Payroll data for the week ended March 15, 2012, are presented below.

 

Employee

 

Hours
Worked

 

Hourly
Rate

 

Federal
Income Tax
Withholdings

 

United
Fund

Joe Devena

 

40

 

$15.00

 

$?

 

$5.00

Mary Keener

 

42

 

  15.00

 

?

 

  5.00

Andy Dye

 

44

 

  13.00

 

60

 

  8.00

Kim Shen

 

46

 

  13.00

 

61

 

  5.00

Devena and Keener are married. They claim 0 and 4 withholding allowances, respectively. The following tax rates are applicable: FICA 8%, state income taxes 3%, state unemployment taxes 5.4%, and federal unemployment 0.8%. The first three employees are sales clerks (store wages expense). The fourth employee performs administrative duties (office wages expense).

 

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Prepare a payroll register for the weekly payroll. (Use the wage-bracket withholding table in the text for federal income tax withholdings.) (Round hours to 0 decimal places, e.g. 125.  Round other answers to 2 decimal places, e.g. 10.50. If answer is zero, please enter 0. Do not leave any fields blank.)

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Journalize the payroll on March 15, 2012, and the accrual of employer payroll taxes. (For multiple debit/credit entries, list amounts from largest to smallest e.g. 10,

 

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Journalize the payment of the payroll on March 16, 2012. (Round answers to 2 decimal places, e.g. 10.50.)

 

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Journalize the deposit in a Federal Reserve bank on March 31, 2012, of the FICA and federal income taxes payable to the government. (For multiple debit/credit entries, list amounts from largest to smallest e.g. 10, 5, 3, 2.  Round answers to 2 decimal places, e.g. 10.50.)

 

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