You will complete the necessary payroll entries for the company at the end of the month. Below, you have been given a payroll register. Please journalize and post to the appropriate ledger accounts in excel Payroll register for the end of month on May 31with 4 employees. Daliah had: gross pay $1,000, FICA tax $62, Medicare tax $14.50, Federal Tax of $85, total deductions of $161.50, net pay of $838.50, matching FICA $62, matching Medicare tax $14.50. Micah had: gross pay of $450, FICA tax $27.90, Medicare tax $6.53, Federal income tax $72, total deductions $106.43, net pay $343.58, matching FICA $27.90, matching Medicare $6.53. Jacob had: gross pay $630, FICA tax $39.06, Medicare tax $9.14, Federal Income Tax $55, total deductions $103.20, net pay $526.81, matching FICA $39.06, matching Medicare $9.14. Jonah had: gross pay $580, FICA tax $35.96, Medicare tax $8.41, Federal income tax $44, total deductions $88.37, net pay $491.63, matching FICA $35.96, matching Medicare $8.41, Federal unemployment Tax $3.48, State Unemployment Tax $35.96. Totals: gross $2660, FICA 164.92, Medicare $38.57, Federal Income Tax $256, Total Deductions $459.49, net pay $2200.51, matching FICA $164.92, Federal Unemployment $3.48, State Unemployment $35.96.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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You will complete the necessary payroll entries for the company at the end of the month. Below, you have been given a payroll register. Please journalize and post to the appropriate ledger accounts in excel Payroll register for the end of month on May 31with 4 employees. Daliah had: gross pay $1,000, FICA tax $62, Medicare tax $14.50, Federal Tax of $85, total deductions of $161.50, net pay of $838.50, matching FICA $62, matching Medicare tax $14.50. Micah had: gross pay of $450, FICA tax $27.90, Medicare tax $6.53, Federal income tax $72, total deductions $106.43, net pay $343.58, matching FICA $27.90, matching Medicare $6.53. Jacob had: gross pay $630, FICA tax $39.06, Medicare tax $9.14, Federal Income Tax $55, total deductions $103.20, net pay $526.81, matching FICA $39.06, matching Medicare $9.14. Jonah had: gross pay $580, FICA tax $35.96, Medicare tax $8.41, Federal income tax $44, total deductions $88.37, net pay $491.63, matching FICA $35.96, matching Medicare $8.41, Federal unemployment Tax $3.48, State Unemployment Tax $35.96. Totals: gross $2660, FICA 164.92, Medicare $38.57, Federal Income Tax $256, Total Deductions $459.49, net pay $2200.51, matching FICA $164.92, Federal Unemployment $3.48, State Unemployment $35.96.

 

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