Adam 43 $12.00 $10.00 14.00 13.00 Anna 45 13.00 Era 46 7.00 The applicable taxes include: FICA 7.65%; state income taxes 1.5%; state unemployment taxes 5.4%; federal unemployment 0.8%; and Federal Income Tax. All employees are married. Adam claims 2 withholding allowances; Anna claims 5 allowances and Era claims 3 withholding allowances. (Federal Income tax table is given at the end of paper). Question No. 6 Prepare a payroll register for the weekly payroll. Question No. 7 (a) Journalize the payroll on January 6, 2021. (b) Journalize the accrual of emplover pavroll taxes on January 6, 2021
Adam 43 $12.00 $10.00 14.00 13.00 Anna 45 13.00 Era 46 7.00 The applicable taxes include: FICA 7.65%; state income taxes 1.5%; state unemployment taxes 5.4%; federal unemployment 0.8%; and Federal Income Tax. All employees are married. Adam claims 2 withholding allowances; Anna claims 5 allowances and Era claims 3 withholding allowances. (Federal Income tax table is given at the end of paper). Question No. 6 Prepare a payroll register for the weekly payroll. Question No. 7 (a) Journalize the payroll on January 6, 2021. (b) Journalize the accrual of emplover pavroll taxes on January 6, 2021
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Federal income tax table
MARRIED Persons-WEEKLY Payroll Period
(For Wages Paid through December 2017)
If the wages are-
And the number of withholding allowances claimed is –
1
2
3
4
5
6
7
8.
9
10
But less
than
At least
The amount of income tax to be withheld is-
20000O
80000
800OO
40000
800000
0000O
20000
00000
80000
00000
0000
10000
40028
00000
12345 67890
12345
111-1
45678 の0-23
行89 8833 85888
幻8385 88さ88 88593好品
R289 88888 おおたお 8888
器 EER](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F93c32466-9203-4d9d-9a0d-623c28291a42%2F99c8ffa6-8192-494c-8552-72c5b136c0b8%2Fmyqhebf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Federal income tax table
MARRIED Persons-WEEKLY Payroll Period
(For Wages Paid through December 2017)
If the wages are-
And the number of withholding allowances claimed is –
1
2
3
4
5
6
7
8.
9
10
But less
than
At least
The amount of income tax to be withheld is-
20000O
80000
800OO
40000
800000
0000O
20000
00000
80000
00000
0000
10000
40028
00000
12345 67890
12345
111-1
45678 の0-23
行89 8833 85888
幻8385 88さ88 88593好品
R289 88888 おおたお 8888
器 EER
![Read following information to answer Question no. 6 and 7
Eva Itd. has three employees who are paid on an hourly basis. They receive a wage of 12 times the regular hourly rate for
work in excess of 40 hours. Payroll data for the first week ended January 6, 2021, is given below.
Hours Worked
Emplovee
Adam
Hourly Rate
$12.00
Union Fund
$10.00
43
Anna
45
14.00
13.00
Era
46
13.00
7.00
The applicable taxes include: FICA 7.65%; state income taxes 1.5%; state unemployment taxes 5.4%; federal
unemployment 0.8%; and Federal Income Tax. All employees are married. Adam claims 2 withholding allowances; Anna
claims 5 allowances and Era claims 3 withholding allowances. (Federal Income tax table is given at the end of paper).
Question No. 6
Prepare a payroll register for the weekly payroll.
Question No. 7
(a) Journalize the payroll on January 6, 2021.
(b) Journalize the accrual of employer payroll taxes on January 6, 2021.
(c) Journalize the payment of the payroll on January 12, 2021.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F93c32466-9203-4d9d-9a0d-623c28291a42%2F99c8ffa6-8192-494c-8552-72c5b136c0b8%2Fko8be6f_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Read following information to answer Question no. 6 and 7
Eva Itd. has three employees who are paid on an hourly basis. They receive a wage of 12 times the regular hourly rate for
work in excess of 40 hours. Payroll data for the first week ended January 6, 2021, is given below.
Hours Worked
Emplovee
Adam
Hourly Rate
$12.00
Union Fund
$10.00
43
Anna
45
14.00
13.00
Era
46
13.00
7.00
The applicable taxes include: FICA 7.65%; state income taxes 1.5%; state unemployment taxes 5.4%; federal
unemployment 0.8%; and Federal Income Tax. All employees are married. Adam claims 2 withholding allowances; Anna
claims 5 allowances and Era claims 3 withholding allowances. (Federal Income tax table is given at the end of paper).
Question No. 6
Prepare a payroll register for the weekly payroll.
Question No. 7
(a) Journalize the payroll on January 6, 2021.
(b) Journalize the accrual of employer payroll taxes on January 6, 2021.
(c) Journalize the payment of the payroll on January 12, 2021.
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