What is the FIT, SIT, and NET pay to complete the payroll chart? E Untitled document - Go XBb My Blackboard Conter XBb UTF-8 CHAPTER%209 XBb My Blackboard Conten XX Bradley Edwards Payro X* Office Editing for Docs, Sheets & Slides chrome-extension://bpmcpldpdmajfigpchkicefoigmkfalc/views/app.htmlClass Spring 2021:Prac X M MHEBradley Edwards Payroll.xlsxFileEditFormat HelpInsertQ Q11 - B IUSACalibriBE-三-D EFJKLMNPAYROLL REGISTER - PANCAKES UNLIMITEDFICA Taxable EarningsDeductionsPreviousEarningsfor PeriodCumulativeEarningsNAMEEarningsS.S.Med.S.S.Med.FITSITHealth Ins Net PayPayday, December 18, 2020Brown, D.For Period Ending December 12, 2020441,160.00840.0042,000.0052.0812.1852.0812.18200.00Davis, H.Garcia, F.49,588.001,100.00960.0050,688.0048,000.0050,572.0050,500.0060.3914.1260.3914.12200.0047,040.0059.5213.9259.5213.92100.00Johnson, B.Jones, E.49,514.501,057.501,010.0061.3814.3661.3814.36200.0049,490.0062.6214.6562.6214.65200.00Richardson, M.124,950.002,550.00127,500.00369,260.004158.10106.20158.10106.20100.000.00 1,000.00|TOTALS(Mx4)(Sx2)22361,742.507,517.50454.09175.43454.09175.430.000.00Marital StatusMMSMMNo. W/H Allow.5I24 3 i UPDATES AVAILABLE Updates for Office are ready to be installed, but first we need to close some apps.Update nowPicture 2feABHPayroll PeriodOne WithholdingAllowanceWeekdyS 79.80BiweeklySemimonthlyMonthlyQuarterlySemiannually159.606.172.90345.801,037.502,075.0010Annually4.150.0011Daily or miscellaneous (each day of the payrollperiod)12131415Percentage Method Tables for Income Tax Withholding(For Wages Pald in 2018)161718TABLE 1-WEEKLY Payroll Period1920DI MARRIED personIhe amount of wagesaher sublracting(a) SINGLE person (including head ot householdi-the amount of wagesCahor subtractingwithhoiding alowancesi iNot over $71Over$71%242545815$1.658$3.100S91721The amount of inobmeThe amount ofincome tarto wehod is50withholding alowarcos to withtcld isNot over $2222223of excess over-Overs222of axcess over-5222But not over-456841711$3.305S28057.14411,761But not over--$254S815-471$254-$815S0 00 pus 10%$10.30 plus 12S8S 62 plus 22$271.08 plus 24%$617.16 plus 30%$878 60 plus 35%$2.08 10 pls 37%$0.00 plus 10N$3.60 plus 12$171.36 plus 22%$54184 plus 2$1.23424 pl32%$1,76712 pl 39%ES.103.57plus3%2425S7114111-3.100-43.017-50.68726-83.100-83.917$6.280$7.914-714-411.7112728293031Time RecordPayroll Register Withholdings Tables1.

State income tax withholding is also calculated on a similar fashion but is dependent on the…

REGISTER - PANCAKES UNLIMITED FICA Taxable Earnings Deductions Previous Earnings Cumulative for Period NAME Earnings Earnings S. Med. S.S. Med. FIT SIT Health Ins Net Pay Payday, December 18, 2020 For Period Ending December 12, 2020 Brown, D. Davis, H. Garcia, F. Johnson, B. Jones, E. M 41,160.00 840.00 42,000.00 52.08 12.18 14.12 12.18 14.12 13.92 52.08 200.00 200.00 M 49,588.00 1,100.00 960.00 1,057.50 1,010.00 5 50,688.00 60.39 60.39 59.52 61.38 62.62 47.040.00 48,000.00 50,572.00 59.52 61.38 62.62 13.92 100.00 M 4 49,514.50 14.36 14.36 200.00 M 49,490.00 50,500.00 14.65 14.65 200.00 Richardson, M. 2,550.00 361,742.5d 7,517.50 369,260.00 4 124,950.00 127,500.00 158.10 106.20 158.10 106.20 175.43 100.00 TOTALS (Mx4)(Sx2) 22 454.09 175.43 454.09 0.00 0.00| 1.000.00 0.00 No. W/H Allow.

REGISTER - PANCAKES UNLIMITED FICA Taxable Earnings Deductions Previous Earnings Cumulative for Period NAME Earnings Earnings S. Med. S.S. Med. FIT SIT Health Ins Net Pay Payday, December 18, 2020 For Period Ending December 12, 2020 Brown, D. Davis, H. Garcia, F. Johnson, B. Jones, E. M 41,160.00 840.00 42,000.00 52.08 12.18 14.12 12.18 14.12 13.92 52.08 200.00 200.00 M 49,588.00 1,100.00 960.00 1,057.50 1,010.00 5 50,688.00 60.39 60.39 59.52 61.38 62.62 47.040.00 48,000.00 50,572.00 59.52 61.38 62.62 13.92 100.00 M 4 49,514.50 14.36 14.36 200.00 M 49,490.00 50,500.00 14.65 14.65 200.00 Richardson, M. 2,550.00 361,742.5d 7,517.50 369,260.00 4 124,950.00 127,500.00 158.10 106.20 158.10 106.20 175.43 100.00 TOTALS (Mx4)(Sx2) 22 454.09 175.43 454.09 0.00 0.00| 1.000.00 0.00 No. W/H Allow.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

What is the FIT, SIT, and NET pay to complete the payroll chart?

E Untitled document - Go X
Bb My Blackboard Conter X
Bb UTF-8 CHAPTER%209 X
Bb My Blackboard Conten X
X Bradley Edwards Payro X
* Office Editing for Docs, Sheets & Slides chrome-extension://bpmcpldpdmajfigpchkicefoigmkfalc/views/app.html
Class Spring 2021:Prac X M MHE
Bradley Edwards Payroll.xlsx
File
Edit
Format Help
Insert
Q Q
11 - B IUSA
Calibri
BE-三-
D E
F
J
K
L
M
N
PAYROLL REGISTER - PANCAKES UNLIMITED
FICA Taxable Earnings
Deductions
Previous
Earnings
for Period
Cumulative
Earnings
NAME
Earnings
S.S.
Med.
S.S.
Med.
FIT
SIT
Health Ins Net Pay
Payday, December 18, 2020
Brown, D.
For Period Ending December 12, 2020
4
41,160.00
840.00
42,000.00
52.08
12.18
52.08
12.18
200.00
Davis, H.
Garcia, F.
49,588.00
1,100.00
960.00
50,688.00
48,000.00
50,572.00
50,500.00
60.39
14.12
60.39
14.12
200.00
47,040.00
59.52
13.92
59.52
13.92
100.00
Johnson, B.
Jones, E.
49,514.50
1,057.50
1,010.00
61.38
14.36
61.38
14.36
200.00
49,490.00
62.62
14.65
62.62
14.65
200.00
Richardson, M.
124,950.00
2,550.00
127,500.00
369,260.00
4
158.10
106.20
158.10
106.20
100.00
0.00 1,000.00|
TOTALS
(Mx4)(Sx2)
22
361,742.50
7,517.50
454.09
175.43
454.09
175.43
0.00
0.00
Marital Status
MMSMM
No. W/H Allow.
5I24 3

i UPDATES AVAILABLE Updates for Office are ready to be installed, but first we need to close some apps.
Update now
Picture 2
fe
A
B
H
Payroll Period
One Withholding
Allowance
Weekdy
S 79.80
Biweekly
Semimonthly
Monthly
Quarterly
Semiannually
159.60
6.
172.90
345.80
1,037.50
2,075.00
10
Annually
4.150.00
11
Daily or miscellaneous (each day of the payroll
period)
12
13
14
15
Percentage Method Tables for Income Tax Withholding
(For Wages Pald in 2018)
16
17
18
TABLE 1-WEEKLY Payroll Period
19
20
DI MARRIED person
Ihe amount of wages
aher sublracting
(a) SINGLE person (including head ot householdi-
the amount of wages
Cahor subtracting
withhoiding alowancesi i
Not over $71
Over
$71
%24254
5815
$1.658
$3.100
S917
21
The amount of inobme
The amount ofincome tar
to wehod is
50
withholding alowarcos to withtcld is
Not over $222
22
23
of excess over-Over
s222
of axcess over
-5222
But not over-
4568
41711
$3.305
S280
57.14
411,761
But not over-
-$254
S815
-471
$254
-$815
S0 00 pus 10%
$10.30 plus 12
S8S 62 plus 22
$271.08 plus 24%
$617.16 plus 30%
$878 60 plus 35%
$2.08 10 pls 37%
$0.00 plus 10N
$3.60 plus 12
$171.36 plus 22%
$54184 plus 2
$1.23424 pl32%
$1,76712 pl 39%
ES.103.57plus3%
24
25
S711
4111
-3.100
-43.017
-50.687
26
-83.100
-83.917
$6.280
$7.914
-714
-411.711
27
28
29
30
31
Time Record
Payroll Register Withholdings Tables
1.

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Prepare the journal entry for the salaries and wages paid.

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