1. co EMPLOYEE NUMBER -ALLOW. TOTAL HOURS Problem 13-8 Journalizing Payroll Transactions The Outback Guide Service payroll register for the week ending Dec. 31 is shown below. PAYROLL REGISTER PAY PERIOD ENDING Dec. 31 20 -- DATE OF PAYMENT Dec. 31 , 20- EARNINGS DEDUCTIONS CK. NO. NET NAME RATE 80C. SEC. MEDICARE FED. INC. TAX 8TATE INC TAX HOSP. INS. PAY REGULAR OVERTIME TOTAL TAX TAX OTHER TOTAL 31 Coleman, Clarence M 1 41 7.60 28 Lorman, Victoria S 1 30 8.00 33 Peterson, Peg 35 Torrez, Joyce 6 31 21 00 21 00 3 99 26 00 304 00 315 40 51 43 49 56 52 58 36 58 11 40 19 55 457 263 97 240 00 275 50 261 00 240 00 4 80 190 44 222 92 224 42 2. 14 88 3 48 2. S1 38 7.25 M2 36 7.25 275 50 261 00 5|51 5 22 3 17 08 3 4. 16 18 3 78 6 00 (LD)5 40 4. 24 24 25 25 TOTALS 1,080 50 11 40 1,091 90 67 69 15 82 74 00 21 84 10 80 190 15 901 75 Other Deductione: Write the appropriate code letter to the left of the amount: B-U.S. Savings Bonde; C-Credit Union: UD-Union Duee; UW-United Way. Use the above information in the payroll register. FICA taxes (6.2% for social security, 1.45% for Medicare) • federal unemployment tax (0.8%) • state unemployment tax (5.4%) 1. Record the entries for the payment of payroll and the employer's payroll tax expense in the general journal. Sessi.. Collaborate & Creat.. FICA taxes (6.2% for social security, 1.45% for Medicare) federal unemployment tax (0.8%) state unemployment tax (5.4%) Record the entries for the payment of payroll and the employer's payroll tax expense in the general journal. View transaction list 1. Record the payroll entry. 2. Record the employer's payroll tax expense. Credit Note : = journal entry has been entered
1. co EMPLOYEE NUMBER -ALLOW. TOTAL HOURS Problem 13-8 Journalizing Payroll Transactions The Outback Guide Service payroll register for the week ending Dec. 31 is shown below. PAYROLL REGISTER PAY PERIOD ENDING Dec. 31 20 -- DATE OF PAYMENT Dec. 31 , 20- EARNINGS DEDUCTIONS CK. NO. NET NAME RATE 80C. SEC. MEDICARE FED. INC. TAX 8TATE INC TAX HOSP. INS. PAY REGULAR OVERTIME TOTAL TAX TAX OTHER TOTAL 31 Coleman, Clarence M 1 41 7.60 28 Lorman, Victoria S 1 30 8.00 33 Peterson, Peg 35 Torrez, Joyce 6 31 21 00 21 00 3 99 26 00 304 00 315 40 51 43 49 56 52 58 36 58 11 40 19 55 457 263 97 240 00 275 50 261 00 240 00 4 80 190 44 222 92 224 42 2. 14 88 3 48 2. S1 38 7.25 M2 36 7.25 275 50 261 00 5|51 5 22 3 17 08 3 4. 16 18 3 78 6 00 (LD)5 40 4. 24 24 25 25 TOTALS 1,080 50 11 40 1,091 90 67 69 15 82 74 00 21 84 10 80 190 15 901 75 Other Deductione: Write the appropriate code letter to the left of the amount: B-U.S. Savings Bonde; C-Credit Union: UD-Union Duee; UW-United Way. Use the above information in the payroll register. FICA taxes (6.2% for social security, 1.45% for Medicare) • federal unemployment tax (0.8%) • state unemployment tax (5.4%) 1. Record the entries for the payment of payroll and the employer's payroll tax expense in the general journal. Sessi.. Collaborate & Creat.. FICA taxes (6.2% for social security, 1.45% for Medicare) federal unemployment tax (0.8%) state unemployment tax (5.4%) Record the entries for the payment of payroll and the employer's payroll tax expense in the general journal. View transaction list 1. Record the payroll entry. 2. Record the employer's payroll tax expense. Credit Note : = journal entry has been entered
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:1.
co EMPLOYEE
NUMBER
-ALLOW.
TOTAL
HOURS
Problem 13-8 Journalizing Payroll Transactions
The Outback Guide Service payroll register for the week ending Dec. 31 is shown below.
PAYROLL REGISTER
PAY PERIOD ENDING Dec. 31
20 --
DATE OF PAYMENT Dec. 31 , 20-
EARNINGS
DEDUCTIONS
CK.
NO.
NET
NAME
RATE
80C. SEC. MEDICARE FED. INC.
TAX
8TATE
INC TAX
HOSP.
INS.
PAY
REGULAR
OVERTIME
TOTAL
TAX
TAX
OTHER
TOTAL
31 Coleman, Clarence M 1 41 7.60
28 Lorman, Victoria S 1 30 8.00
33 Peterson, Peg
35 Torrez, Joyce
6 31
21 00
21 00
3 99 26 00
304 00
315 40
51 43
49 56
52 58
36 58
11 40
19 55
457
263 97
240 00
275 50
261 00
240 00
4 80
190 44
222 92
224 42
2.
14 88
3 48
2.
S1 38 7.25
M2 36 7.25
275 50
261 00
5|51
5 22
3
17 08
3
4.
16 18
3 78
6 00
(LD)5 40
4.
24
24
25
25
TOTALS 1,080 50
11 40 1,091 90
67 69
15 82
74 00
21 84
10 80
190 15
901 75
Other Deductione: Write the appropriate code letter to the left of the amount: B-U.S. Savings Bonde; C-Credit Union: UD-Union Duee; UW-United Way.
Use the above information in the payroll register.
FICA taxes (6.2% for social security, 1.45% for Medicare)
• federal unemployment tax (0.8%)
• state unemployment tax (5.4%)
1. Record the entries for the payment of payroll and the employer's payroll tax expense in the general
journal.
Transcribed Image Text:Sessi..
Collaborate & Creat..
FICA taxes (6.2% for social security, 1.45% for Medicare)
federal unemployment tax (0.8%)
state unemployment tax (5.4%)
Record the entries for the payment of payroll and the employer's payroll tax expense in the general
journal.
View transaction list
1.
Record the payroll entry.
2.
Record the employer's payroll tax expense.
Credit
Note : = journal entry has been entered
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