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 RATE CK. NO. NAME 80C. SEC. MEDICARE FED. INC. TAX 8TATE INC. TAX HOSP. INS. NET PAY REGULAR OVERTIME TOTAL ТАХ TAX OTHER TOTAL 31 Coleman, Clarence M1 41 7.60 28 Lorman, Victoria 33 Peterson, Peg 35 Torrez, Joyce 304 00 240 00 11 40 315 40 21 00 21 00 26 00 19 55 4 57 6 31 S1 30 8.00 S1 38 7.25 M2 36 7.25 51 43 49 56 52 58 36 58 263 97 190 44 222 92 224 42 240 00 LO)5 40 1488 17 08 16 18 3 48 4 80 5 51 5 22 2. 275 50 275 50 261 00 3 99 3 78 261 00 600 LD)5 40 4. 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%) EMPLOYEE
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 RATE CK. NO. NAME 80C. SEC. MEDICARE FED. INC. TAX 8TATE INC. TAX HOSP. INS. NET PAY REGULAR OVERTIME TOTAL ТАХ TAX OTHER TOTAL 31 Coleman, Clarence M1 41 7.60 28 Lorman, Victoria 33 Peterson, Peg 35 Torrez, Joyce 304 00 240 00 11 40 315 40 21 00 21 00 26 00 19 55 4 57 6 31 S1 30 8.00 S1 38 7.25 M2 36 7.25 51 43 49 56 52 58 36 58 263 97 190 44 222 92 224 42 240 00 LO)5 40 1488 17 08 16 18 3 48 4 80 5 51 5 22 2. 275 50 275 50 261 00 3 99 3 78 261 00 600 LD)5 40 4. 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%) EMPLOYEE
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter8: Liabilities And Stockholders' Equity
Section: Chapter Questions
Problem 8.2.3P: Recording payroll and payroll taxes The following information about the payroll for the week ended...
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