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School
Norwalk Community College *
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Course
140
Subject
Accounting
Date
Nov 24, 2024
Type
png
Pages
1
Uploaded by EarlFlagHare23
Gallardo,
Inc.,
pays
its
employees'
weekly
wages
in
cash.
A
supplementary
payroll
sheet
that
lists
the
employees’'
names
and
their
earnings
for
a
certain
week
is
shown
below.
Complete
the
payroll
sheet
by
calculating
the
total
amount
of
payroll
and
indicating
the
least
possible
number
of
denominations
that
can
be
used
in
paying
each
employee.
However,
no
employees
are
to
be
given
bills
in
denominations
greater
than
$50.
If
an
amount
does
not
require
an
entry,
enter
"0".
GALLARDO,
INC.
Supplementary
Payroll
Sheet
Bills
Coins
Name
of
Employee
Net
Amount
Paid
$50
$20
$10
$5
$1
50¢
25¢
10¢
5¢
1¢
Chad
T.
Biskis
$250.72
[
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2|
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Nicole
A.
Cibik
255.30
[
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|
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|
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Domingo
M.
Diaz
385.77
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|
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|
1|v
|
1lv
|
o]
v
|
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v
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2|
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Laura
B.
Elias
202.78
(
alv
|
o]
v
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o]
v
|
o]
v
|
2|
v
|
1lv
|
1lv
|
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|
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|
3|
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Ari
M.
Fleischer
253.48
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s|v
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|
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|
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|
3lv
|
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|
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|
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|
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Diane
Y.
Germano
296.75
[
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|
2|
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|
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|
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|
1)v
|
1]v
|
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|
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v
Arnold
B.
Herst
593.22
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v
|
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|
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2|
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Edward
C.
Kenner
399.83
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|
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|
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|
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|
3|
v
Kathleen
J.
Marfia
232.33
(
alv
|
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|
1lv
|
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|
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|
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|
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3|
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Kimberly
A.
Picket
596.69
(
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Total
346687
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v
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v
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Feedback
¥
Check
My
Work
Prepare
Supplementary
Payroll
Sheet-indicating
the
least
possible
number
of
denominations
that
can
be
used
in
paying
each
employee.
(Hint:
Start
with
$50
Bills)
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Related Questions
The following employees of Concordian Construction of Walla Walla, Washington, are paid biweekly. Some employees have union
dues or garnishments deducted from their pay.
Required:
Calculate their net pay. Use the percentage method for manual payrolls with Form W-4 from 2020 or later in Appendix C to determine
federal income tax. No employee has exceeded the maximum FICA limits. You do not need to complete the number of hours. No one
checked the box in Step 2 and there is no additional information in Step 4.
Note: Round your intermediate calculations and final answers to 2 decimal places.
Employee
Filing Status
Dependents
Annual pay
Union Dues
per Period
Garnishment
per Period
Net Pay
J. Johnson
Married or Joint
1<17
$
44,090 $
102
V. Roberson
Single
None
$
41,080
$
70
T. Major
Married or Joint
None
$
72,930 $
110 $
90
M. Reice
Head of Household
1<17
$
83,880
$
45
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Audrey Martin and Beth James are partners in the Country Gift Shop, which employs the individuals listed below. Paychecks are distributed every Friday to all
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are considered wages or drawings.
If an amount is zero, enter "0". Round your answers to the nearest cent.
OASDI Taxable
Name and Position
Zena Vertin, Office
Nicole Norge, Sales
Bob Mert, Delivery
Audrey Martin, Partner
Beth James, Partner
Totals
Employer's OASDI Tax
Employer's HI Tax
Salary
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1,410 per month
485 per week
465 per week
465 per week
$
Earnings
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OASDI Tax
HI Taxable
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Required:
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Prepare Sheffield's adjusting entry on Wednesday, December 31, and the journal entry to record the $
10,790 cash payment on Friday, January 2. (Credit account titles are automatically indented when amount
is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0
for the amounts. List all debit entries before credit entries.)
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If any math is done, please tell me how you did it so I can understand. Thank you!
Please Do not Give image format
arrow_forward
Which of the following is true about
employee pay methods? (You may select
more than one answer. Single click the
box with the question mark to produce a
check mark for a correct answer and
double click the box with the question
mark to empty the box for a wrong
answer. Any boxes left with a question
mark will be automatically graded as
incorrect.)
O Employees must request the
transfer of payroll earnings to their
paycard each period.
Employees must be able to
access the full amount of their net
pay on the pay date.
O Employees do not need to own a
bank account to receive their pay via
direct deposit.
O Employers must keep a record of
all pay disbursements.
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Kinsella Inc. has a gross payroll of $13,500 for the pay period. The entire payroll is subject to Social Security and Medicare taxes. Kinsella must also withhold $1,750 in income taxes from the employees and pay state unemployment taxes of $60. Assume employees pay 6.2% to Social Security.
Required:
Hide
Prepare the necessary journal entries for Kinsella to record both the gross pay earned by employees and the employer portion of these payroll taxes. If an amount box does not require an entry, leave it blank. If required, round amounts to the nearest dollar.
(Record wages and liabilities)…
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D
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Could you help me fill in all the blank spaces in this Excel table?Please tell me the formula so I can do it with an Excel formula.Thank you very much
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Account Titles and Explanation
Debit
Credit
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The following salaried employees of Mountain Stone Brewery in Fort Collins, Colorado, are paid semimonthly. Some employees have
union dues or garnishments deducted from their pay. You do not need to complete the number of hours.
Required:
Calculate their net pay using the percentage method for manual payroll systems with Forms W-4 from 2020 or later in Appendix C to
determine federal income tax. Assume box 2 is not checked for any employee. Include Colorado income tax of 4.40 percent of taxable
pay. No employee has exceeded the maximum FICA limit.
Note: Round your intermediate calculations and final answers to 2 decimal places.
Employee
Filing Status,
Dependents
Pay
Union Dues
per Period
Garnishment
per Period
Net Pay
S. Bergstrom
MJ-0
$
1,830
$
50
C. Pare
MJ-2 (<17)
$
3,760
$
120
L. Van der Hooven
S-1 (Other)
$
3,485 $
240
$
75
S. Lightfoot
MJ-0
$
3,110
$
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The following salaried employees of Mountain Stone Brewery in Fort Collins, Colorado, are paid semimonthly. Some employees have
union dues or garnishments deducted from their pay. You do not need to complete the number of hours.
Required:
Calculate their net pay using the percentage method for manual payroll systems with Forms W-4 from 2020 or later in Appendix C to
determine federal income tax. Assume box 2 is not checked for any employee. Include Colorado income tax of 4.40 percent of taxable
pay. No employee has exceeded the maximum FICA limit.
Note: Round your intermediate calculations and final answers to 2 decimal places.
Filing Status,
Dependents
Union Dues Garnishment
Employee
Pay
per Period
per Period
Net Pay
S. Bergstrom
MJ-0
$
1,700
$
50
C. Pare
MJ-2 (<17)
$
3,500 $
120
L. Van der Hooven
S-1 (Other)
$
3,225 $
240
$
S. Lightfoot
MJ-0
$
2,850
$
100
78
75
arrow_forward
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union dues or garnishments deducted from their pay. You do not need to complete the number of hours.
Required:
Calculate their net pay using the percentage method for manual payroll systems with Forms W-4 from 2020 or later in Appendix C to
determine federal income tax. Assume box 2 is not checked for any employee. Include Colorado income tax of 4.55 percent of taxable
pay. No employee has exceeded the maximum FICA limit.
Note: Round your intermediate calculations and final answers to 2 decimal places.
Employee
S. Bergstrom
C. Pare
L. Van der Hooven
S. Lightfoot
Filing Status,
Dependents
MJ-0
MJ-2 (<17)
S-1 (Other)
MJ-0
Answer is complete but not entirely correct.
Union
Dues
per Period
Garnishment
per Period
S
Pay
$ 1,810
$ 3,720
$ 3,445
$ 3,070
$
S
120
240
$
$
50
75
100
$
$
S
$
Net Pay
1,489.02
2,906.45 x
2,575.44X
2.425.43
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The following salaried employees of Mountain Stone Brewery in Fort Collins, Colorado, are paid semimonthly. Some employees have
union dues or garnishments deducted from their pay. You do not need to complete the number of hours.
Required:
Calculate their net pay using the percentage method for manual payroll systems with Forms W-4 from 2020 or later in Appendix C to
determine federal income tax. Assume box 2 is not checked for any employee. Include Colorado income tax of 4.55 percent of taxable
pay. No employee has exceeded the maximum FICA limit.
Note: Round your intermediate calculations and final answers to 2 decimal places.
Employee
S. Bergstrom
C. Pare
L. Van der Hooven
S. Lightfoot
Filing Status,
Dependents
MJ-0
MJ-2 (<17)
S-1 (Other)
MJ-0
$
$
$
$
GA
Pay
Union Dues
per Period
1,810
3,720 $
3,445 $
3,070
120
240
Garnishment
per Period
$
$
$
50
75
100
Net Pay
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Required:
Calculate their net pay using the percentage method for manual payroll systems with Forms W-4 from 2020 or later in Appendix C to
determine federal income tax. Assume box 2 is not checked for any employee. Include Colorado income tax of 4.55 percent of taxable
pay. No employee has exceeded the maximum FICA limit.
Note: Round your intermediate calculations and final answers to 2 decimal places.
Employee
S. Bergstrom
C. Pare
L. Van der Hooven
S. Lightfoot
Filing Status,
Dependents
MJ-0
MJ-2 (<17)
S-1 (Other)
MJ-0
Answer is complete but not entirely correct.
Union
Dues
per Period
Pay
$ 1,810
$ 3,720
$ 3,445 S
3,070
$ 120
240
Garnishment
per Period
55
H
50
75
100
Net Pay
$ 1,489.02
2,906.45
2,575.44 x
2,425.43
ssss
$
$
$
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The following salaried employees of Mountain Stone Brewery in Fort Collins, Colorado, are paid semimonthly. Some employees have
union dues or garnishments deducted from their pay. You do not need to complete the number of hours.
Required:
Calculate their net pay using the percentage method for manual payroll systems with Forms W-4 from 2020 or later in Appendix C to
determine federal income tax. Assume box 2 is not checked for any employee. Include Colorado income tax of 4.55 percent of taxable
pay. No employee has exceeded the maximum FICA limit.
Note: Round your intermediate calculations and final answers to 2 decimal places.
Employee
S. Bergstrom
C. Pare
L Van der Hooven
S Lightfoot
Filing Status,
Dependents
MJ-0
MJ-2 (<17)
S-1 (Other)
MJ-0
Union Dues
per Period
Pay
$ 1,760
$ 3,620 S
$ 3,345 $
$ 2,970
Garnishment
per Period
$
120
240 $
$
50
75
100
Net Pay
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Required:
Calculate their net pay using the percentage method for manual payroll systems with Forms W-4 from 2020 or later in
Appendix C to determine federal income tax. Assume box 2 is not checked for any employee. Include Colorado income tax
of 4.55 percent of taxable pay. No employee has exceeded the maximum FICA limit.
Note: Round your intermediate calculations and final answers to 2 decimal places.
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C. Pare
L. Van der Hooven
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Filing Status,
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MJ-0
MJ-2 (<17)
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MJ-0
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1,820
$
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$
3,465
3,090
LA A
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per Period
$
$
120
240
Garnishment
per Period
$
$
$
50
75
100
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Prepare the entry to record the employer payroll costs, assuming these will not be paid until September. (Credit account titles are
automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and
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Hours worked
Hourly wage
Weekly salary
Payment of retirement
Union Payment
Juan del Pueblo
43
$8.50
$21.93
$15
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41
11.50
$37.12
Managerial, does not pay fee.
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55
$1,100
$88.00
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40
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Prepare general journal entries to record these transactions. You do have to enter descriptions for the entries for this problem.
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1
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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 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
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- The following employees of Concordian Construction of Walla Walla, Washington, are paid biweekly. Some employees have union dues or garnishments deducted from their pay. Required: Calculate their net pay. Use the percentage method for manual payrolls with Form W-4 from 2020 or later in Appendix C to determine federal income tax. No employee has exceeded the maximum FICA limits. You do not need to complete the number of hours. No one checked the box in Step 2 and there is no additional information in Step 4. Note: Round your intermediate calculations and final answers to 2 decimal places. Employee Filing Status Dependents Annual pay Union Dues per Period Garnishment per Period Net Pay J. Johnson Married or Joint 1<17 $ 44,090 $ 102 V. Roberson Single None $ 41,080 $ 70 T. Major Married or Joint None $ 72,930 $ 110 $ 90 M. Reice Head of Household 1<17 $ 83,880 $ 45arrow_forwardAudrey Martin and Beth James are partners in the Country Gift Shop, which employs the individuals listed below. Paychecks are distributed every Friday to all employees. Based on the information given, compute the amounts listed below for a weekly payroll period. Hint: It is important to ascertain whether a person's wages are considered wages or drawings. If an amount is zero, enter "0". Round your answers to the nearest cent. OASDI Taxable Name and Position Zena Vertin, Office Nicole Norge, Sales Bob Mert, Delivery Audrey Martin, Partner Beth James, Partner Totals Employer's OASDI Tax Employer's HI Tax Salary $720 per week 1,410 per month 485 per week 465 per week 465 per week $ Earnings $ OASDI Tax HI Taxable Earnings $ HI Taxarrow_forwardDuring October, Seger Insurance employees earned $100,000 in wages. Social Security applied to $86,000 of these wages, while Medicare applies to all $100,000. State and federal unemployment taxes of $1,300 and $650 are owed, respectively. Required: Prepare the necessary journal entry for Seger to record the employer portion of these payroll taxes. If an amount box does not require an entry, leave it either blank.arrow_forward
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- Kinsella Inc. has a gross payroll of $13,500 for the pay period. The entire payroll is subject to Social Security and Medicare taxes. Kinsella must also withhold $1,750 in income taxes from the employees and pay state unemployment taxes of $60. Assume employees pay 6.2% to Social Security. Required: Hide Prepare the necessary journal entries for Kinsella to record both the gross pay earned by employees and the employer portion of these payroll taxes. If an amount box does not require an entry, leave it blank. If required, round amounts to the nearest dollar. (Record wages and liabilities)…arrow_forwardDarrow_forwardCould you help me fill in all the blank spaces in this Excel table?Please tell me the formula so I can do it with an Excel formula.Thank you very much . In the appropriate columns of your payroll register, record the filing status for eachemployee using the information provided.2. Record the payroll deductions for the SIMPLE plan that the employer has established forparticipating employees. All of the employees are participating, and their weeklycontributions are listed below. The tax deferral on these deductions applies only to thefederal income tax.3. Record the amount of federal income taxes using the wage-bracket method and standardwithholding.4. Record the state income taxes on the gross weekly earnings for each employee. The rateis 3.07% for the state of Pennsylvania.5. Record the city income taxes on the gross weekly earnings of each employee. The rate is3% for the city of Pittsburgh residents.Time CardNo.FilingStatusNo. of WithholdingAllowancesSIMPLEDeductions11 S N/A $2012 S…arrow_forward
- Karen Law firm has paid $52,400.00 in salaries for the first quarter. Ms. Karen has computed the payroll taxes that must be paid as follows: FICA $4,008.60, FUTA $314.40, and SUTA $2,829.60.Prepare the journal entry to record these payroll taxes. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 52.75.) Account Titles and Explanation Debit Creditarrow_forwardThe following salaried employees of Mountain Stone Brewery in Fort Collins, Colorado, are paid semimonthly. Some employees have union dues or garnishments deducted from their pay. You do not need to complete the number of hours. Required: Calculate their net pay using the percentage method for manual payroll systems with Forms W-4 from 2020 or later in Appendix C to determine federal income tax. Assume box 2 is not checked for any employee. Include Colorado income tax of 4.40 percent of taxable pay. No employee has exceeded the maximum FICA limit. Note: Round your intermediate calculations and final answers to 2 decimal places. Employee Filing Status, Dependents Pay Union Dues per Period Garnishment per Period Net Pay S. Bergstrom MJ-0 $ 1,830 $ 50 C. Pare MJ-2 (<17) $ 3,760 $ 120 L. Van der Hooven S-1 (Other) $ 3,485 $ 240 $ 75 S. Lightfoot MJ-0 $ 3,110 $ 100arrow_forwardThe following salaried employees of Mountain Stone Brewery in Fort Collins, Colorado, are paid semimonthly. Some employees have union dues or garnishments deducted from their pay. You do not need to complete the number of hours. Required: Calculate their net pay using the percentage method for manual payroll systems with Forms W-4 from 2020 or later in Appendix C to determine federal income tax. Assume box 2 is not checked for any employee. Include Colorado income tax of 4.40 percent of taxable pay. No employee has exceeded the maximum FICA limit. Note: Round your intermediate calculations and final answers to 2 decimal places. Filing Status, Dependents Union Dues Garnishment Employee Pay per Period per Period Net Pay S. Bergstrom MJ-0 $ 1,700 $ 50 C. Pare MJ-2 (<17) $ 3,500 $ 120 L. Van der Hooven S-1 (Other) $ 3,225 $ 240 $ S. Lightfoot MJ-0 $ 2,850 $ 100 78 75arrow_forward
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