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Charles Giles worked 46 hours during this pay?week. He is paid time?and?a?half for hours over 40 and his pay rate is $17.90/hour. What was his overtime premium pay for this workweek? Use the following information to answer Questions 2, 3 & 4:

The totals from the first payroll of the year are shown below.

  • Total Pay = $36, 195.10
  • FICA/OASDI = $ 2,244.10
  • FICA/HI = $ 524.83
  • FIT W/H = $ 6,515.00
  • State Tax W/H = $ 361.95
  • Union Dues = $ 500.00
  • Net Pay = $ 26,049.22

Journalize the entry to record the payroll.Journalize the entry to record the employer's payroll taxes (assume a SUTA rate of 3.7%).Journalize the entry to deposit the FICA and FIT taxes.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M9971695

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