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The following data for Southeast patio product Inc. relate to the payroll for the week April 9, 2011.


Employee Hrs Wrk, Weekly Sal., Fed inc tax, US Sav Bonds, Charit
Martinez 45 $475 $295.80 $50.00 $20.00
Norton 25 $250 $86.75 $15.00
Oviedo $2,125 $621.00 $100.00 $75.00
Perez 40 $400 $148.00 $5.00
Roman 48 $520 $295.42 $25.00
Russell 46 $490 $196.38 $35.00
Torren $1,890 $205.10 $25.00
Washingtom 38 $380 $178.00 $10.00

All wage personnel are paid one and a half times the regular rate for all hours in excess of 40 hours per week. The FICA rate is 7.5% State Tax Rate is 5%, State unemployment rate is 5.2% and Federal Unemployment rate is .8%. $10.00 salary per hours.
Instructions:
a-Prepare a payroll table for Southeast Patio product Inc. for the week ended in April 9,2011.
b-Journalize the entries for the weekly payroll and for the employer additional payments for the week ending of April 9, 2011.
c-Journalize the entry for the payment of $28,560.85 to the Federal Government on April 30, 2001 for FICA Taxes owed by the company."

 

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M982403

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