Vaughn Company has the following data for the weekly payroll ending January 31. Employee M T L. Helton R. Kenseth D. Tavaras 9 (a) 7 7 9 10 10 Hours W T 9 7 7 7 F S 10 8 2 5 8 8 8 0 Hourly Rate $12 14 15 Federal Income Tax Withholding $32 39 54 Health Insurance $10 27 Prepare the payroll register for the weekly payroll. (Round answers to 2 decimal places, e.g. 15.25.) 26 Cumulative Earnings (Jan. 1- 24) $1,440 1,722 Employees are paid 1½ times the regular hourly rate for all hours worked in excess of 40 hours per week. The 7.65% FICA tax rate consists of the Social Security tax rate of 6.2% on salaries and wages up to $128,400 and the Medicare tax rate of 1.45% on all salaries and wages. 1,800
Vaughn Company has the following data for the weekly payroll ending January 31. Employee M T L. Helton R. Kenseth D. Tavaras 9 (a) 7 7 9 10 10 Hours W T 9 7 7 7 F S 10 8 2 5 8 8 8 0 Hourly Rate $12 14 15 Federal Income Tax Withholding $32 39 54 Health Insurance $10 27 Prepare the payroll register for the weekly payroll. (Round answers to 2 decimal places, e.g. 15.25.) 26 Cumulative Earnings (Jan. 1- 24) $1,440 1,722 Employees are paid 1½ times the regular hourly rate for all hours worked in excess of 40 hours per week. The 7.65% FICA tax rate consists of the Social Security tax rate of 6.2% on salaries and wages up to $128,400 and the Medicare tax rate of 1.45% on all salaries and wages. 1,800
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Prepare the payroll register for the weekly payroll. (Round answers to 2 decimal places, e.g. 15.25.)
Employee
L. Helton
R. Kenseth
D. Tavaras
Totals
Total Hours
$
$
Regular
$
$
Overtime
Earnings
$
$
Gross](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F719da1cd-5b76-429b-824c-314b33501282%2F77d82d25-50ed-402e-a12c-b20e8443c3f0%2Fkgb92aw_processed.png&w=3840&q=75)
Transcribed Image Text:Prepare the payroll register for the weekly payroll. (Round answers to 2 decimal places, e.g. 15.25.)
Employee
L. Helton
R. Kenseth
D. Tavaras
Totals
Total Hours
$
$
Regular
$
$
Overtime
Earnings
$
$
Gross
![Vaughn Company has the following data for the weekly payroll ending January 31.
Employee M T
L. Helton
R.
Kenseth
D.
Tavaras
9
(a)
7
7
9
10 10
Hours
W
T
9 7
F
10
S
2
7 7 8 5
8 8 8 0
Hourly
Rate
$12
14
15
Federal Income
Tax Withholding
$32
39
54
Health
Insurance
$10
27
Prepare the payroll register for the weekly payroll. (Round answers to 2 decimal places, e.g. 15.25.)
26
Cumulative
Earnings (Jan. 1-
24)
$1,440
1,722
Employees are paid 1½ times the regular hourly rate for all hours worked in excess of 40 hours per week. The 7.65% FICA tax rate
consists of the Social Security tax rate of 6.2% on salaries and wages up to $128,400 and the Medicare tax rate of 1.45% on all salaries
and wages.
1,800](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F719da1cd-5b76-429b-824c-314b33501282%2F77d82d25-50ed-402e-a12c-b20e8443c3f0%2F1l0j8p_processed.png&w=3840&q=75)
Transcribed Image Text:Vaughn Company has the following data for the weekly payroll ending January 31.
Employee M T
L. Helton
R.
Kenseth
D.
Tavaras
9
(a)
7
7
9
10 10
Hours
W
T
9 7
F
10
S
2
7 7 8 5
8 8 8 0
Hourly
Rate
$12
14
15
Federal Income
Tax Withholding
$32
39
54
Health
Insurance
$10
27
Prepare the payroll register for the weekly payroll. (Round answers to 2 decimal places, e.g. 15.25.)
26
Cumulative
Earnings (Jan. 1-
24)
$1,440
1,722
Employees are paid 1½ times the regular hourly rate for all hours worked in excess of 40 hours per week. The 7.65% FICA tax rate
consists of the Social Security tax rate of 6.2% on salaries and wages up to $128,400 and the Medicare tax rate of 1.45% on all salaries
and wages.
1,800
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