The payroll journal for Northport Enterprises, Inc., is shown. Social Security and Medicare are recorded at 4.80% and 1.45% respectively. Brown and Pung are administrative personnel, while the other employees are sales personnel. Using the information provided in the following journal calculate: REQUIRED: 1. Social Security, Medicare, Net Pay for each employee, and column totals. 2. Journal Entry to record the payroll for the company Name Pay Period Ending Gross Wages Federal Income Tax State Income Tax Social Security Medicare Health Insurance Net Pay Check # Brown, J. 02/13/X1 $800.00 $224.00 $38.40 ??? ??? $18.00 ???? 4265 Smith, T. 02/13/X1 750.00 210.00 36.00 ??? ??? 0.00 ??? 4266 Woods, L. 02/13/X1 725.00 203.00 34.80 ??? ??? 18.00 ??? 4267 Pung, A. 02/13/X1 825.00 231.00 39.60 ??? ??? 20.00 ??? 4268 Jones, B. 02/13/X1 600.00 168.00 28.80 ??? ??? 9.00 ??? 4269 Total ??? ??? ??? ??? ??? ??? ??? Attach File
The payroll journal for Northport Enterprises, Inc., is shown. Social Security and Medicare are recorded at 4.80% and 1.45% respectively. Brown and Pung are administrative personnel, while the other employees are sales personnel. Using the information provided in the following journal calculate: REQUIRED: 1. Social Security, Medicare, Net Pay for each employee, and column totals. 2. Journal Entry to record the payroll for the company Name Pay Period Ending Gross Wages Federal Income Tax State Income Tax Social Security Medicare Health Insurance Net Pay Check # Brown, J. 02/13/X1 $800.00 $224.00 $38.40 ??? ??? $18.00 ???? 4265 Smith, T. 02/13/X1 750.00 210.00 36.00 ??? ??? 0.00 ??? 4266 Woods, L. 02/13/X1 725.00 203.00 34.80 ??? ??? 18.00 ??? 4267 Pung, A. 02/13/X1 825.00 231.00 39.60 ??? ??? 20.00 ??? 4268 Jones, B. 02/13/X1 600.00 168.00 28.80 ??? ??? 9.00 ??? 4269 Total ??? ??? ??? ??? ??? ??? ??? Attach File
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
The payroll journal for Northport Enterprises, Inc., is shown. Social Security and Medicare are recorded at 4.80% and 1.45% respectively. Brown and Pung are administrative personnel, while the other employees are sales personnel.
Using the information provided in the following journal calculate:
REQUIRED:
1. Social Security, Medicare, Net Pay for each employee, and column totals.
2.
| Name | Pay Period Ending | Gross Wages | Federal Income Tax | State Income Tax | Social Security | Medicare | Health Insurance | Net Pay | Check # |
| Brown, J. | 02/13/X1 | $800.00 | $224.00 | $38.40 | ??? | ??? | $18.00 | ???? | 4265 |
| Smith, T. | 02/13/X1 | 750.00 | 210.00 | 36.00 | ??? | ??? | 0.00 | ??? | 4266 |
| Woods, L. | 02/13/X1 | 725.00 | 203.00 | 34.80 | ??? | ??? | 18.00 | ??? | 4267 |
| Pung, A. | 02/13/X1 | 825.00 | 231.00 | 39.60 | ??? | ??? | 20.00 | ??? | 4268 |
| Jones, B. | 02/13/X1 | 600.00 | 168.00 | 28.80 | ??? | ??? | 9.00 | ??? | 4269 |
| Total | ??? | ??? | ??? | ??? | ??? | ??? | ??? |
-
Attach File
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 3 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education