Aa 130. The bookkeeper of Wabi Co. gathered the following data from individual employee earnings records and daily time cards.Your task is to complete a payroll register on October 13.(Round deductions to the nearest cent as needed. If an input field is not used in the table leave the field empty; do notenter a zero. Abbreviations used: YTD = Year to date, FIT = Federal Income Tax, SIT = State Income Tax.)EmployeeCruz,PrestonPitt, DemiCage, Ray1.2.3.4.5.MaritalStatusMarried,filingjointlySingleMarried,filingjointlyPitt, D.Cage, R.SingleGray, J.TotalCumulative Monday Tuesday Wednesday Thursday Friday HourlyEarningsRate ofPayBefore ThisPayroll$21,00014,500141,60021,000DailyTime3Employee Name Marital StatusCruz, P.Married and filingjointlySingle6Gray, JackAssume the following:FICA Social Security is 6.2% on $142,800; FICA Medicare is 1.45% on all earnings.7Overtime is paid at a rate of 1.5 over 40 hours.PriorEarnings(YTD)21,000.0087810Each employee contributes $29 weekly for charitable contributions.821,000.00198,100.00 2,400.00760.00Cruz and Cage work in the office; the other employees work in sales.6Ć4Earnings14,500.00312.00Married and filing 141,600.00 880.00 297.00jointlySingle1010Regular Overtime Gross448.00114.00411.00Federal income tax has been calculated from a weekly table for you. There are no state income taxes.64448.001211CurrentEarnings(YTD)21,448.00312.00 14,812.001,177.00 142,777.006874.00 21,874.00200,911.004107$1612FUTA/SUTA2219Taxable EarningsSocialSecurityFederalIncomeTax (FIT)$(3.50)7.1069.4057.42

Payroll Register Handle each paycheck period efficiently by using a payroll register. You may make…

The bookkeeper of Wabi Co. gathered the following data from individual employee earnings records and daily time cards. Your task is to complete a payroll register on October 13. (Round deductions to the nearest cent as needed. If an input field is not used in the table leave the field empty; do not enter a zero. Abbreviations used: YTD=Year to date, FIT = Federal Income Tax, SIT = State Income Tax.) Daily

The bookkeeper of Wabi Co. gathered the following data from individual employee earnings records and daily time cards. Your task is to complete a payroll register on October 13. (Round deductions to the nearest cent as needed. If an input field is not used in the table leave the field empty; do not enter a zero. Abbreviations used: YTD=Year to date, FIT = Federal Income Tax, SIT = State Income Tax.) Daily

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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