Question

In: Accounting

3. Meadow Lake Groceries has two employees who are paid monthly. Complete the payroll register by...

3. Meadow Lake Groceries has two employees who are paid monthly. Complete the payroll register by calculating deductions like EI , CPP and Income Tax and Net pay for each employee. Consider tax rate as 20%.

Employee # Gross Pay

Bentley A.    2,010

Craig. T. 2,115

Solutions

Expert Solution


Related Solutions

7. Complete a payroll register. Complete the following payroll register for Thorndike Manufacturing Company. All workers...
7. Complete a payroll register. Complete the following payroll register for Thorndike Manufacturing Company. All workers receive time and one-half for hours worked in excess of 40 hours per week. Compute Social Security using 6.2% and Medicare using 1.45%. Medical insurance and union dues deductions are shown in the payroll register. Use the wage bracket method to determine federal income tax. Total each column and verify the total net pay amount. Register Earnings Deductions Employee Name Allow. Status Hours Worked...
Question 3 Assiniboine Company has three employees who each earn $3,000 (monthly) and are paid on...
Question 3 Assiniboine Company has three employees who each earn $3,000 (monthly) and are paid on the 2nd of each month (for the month just ended). The following payroll register for March (of the current year) has been prepared. Explanations are optional. Distribution Gross Income Medical Total Office Sales Pay EI Tax CPP Insurance Deductions Net Pay Salaries Salaries $9,000 $190 $1,900 $400 $350 $2,840 $6,160 $3,000 $6,000 REQUIRED: Using the partial Chart of Accounts at the top of the...
1) The Payroll data set has data on the numbers of employees and the monthly payroll...
1) The Payroll data set has data on the numbers of employees and the monthly payroll in thousands of dollars for 50 firms in two different industries. If you divide ”payroll” by ”employees” you get the average monthly salary for each firm. The populations of interest are the firms in industry A and those in industry B. The population variable of interest is the average monthly salary in each of the firms of these populations. At a significance level of...
Background: M & D Contractors has numerous employees who are paid on a weekly basis. Payroll...
Background: M & D Contractors has numerous employees who are paid on a weekly basis. Payroll information for the most recent week ending August 10, 2018 is given below: Total Employee compensation                        $136,000 FICA social security tax rate                                   6.2% FICA medicare tax rate                                         1.45% Federal unemployment tax rate                              0.6% State unemployment tax rate 5.4% Federal income tax rate   15.0% Of the total employee compensation, $136,000 is subject to the FICA taxes and $48,500 is subject to the unemployment taxes. Other expenses include health insurance...
What amount will be paid to employees for this payroll.
   On 1/31/2020, Deluxe Printing pays employee salaries of $14,000. Withholdings are $850 for the employee portion of FICA, $1,800 for federal income tax, $500 for state income tax, and $400 for the employee portion of health insurance (payable to Blue Cross/Blue Shield). The company incurs $150 for federal and state unemployment tax and $400 for the employer portion of health insurance.  What amount will be paid to employees for this payroll.  $9,900.  $10,300.  $14,000.  $10,450.  
The names of the employees of Hogan Thrift Shop are listed on the following payroll register....
The names of the employees of Hogan Thrift Shop are listed on the following payroll register. Employees are paid weekly. The marital status and the number of allowances claimed are shown on the payroll register, along with each employee's weekly salary, which has remained the same all year. Complete the payroll register for the payroll period ending December 22, the 51st weekly payday. The state income tax rate is 3.1% of total earnings, the city income tax rate is 1%...
The names of the employees of Hogan Thrift Shop are listed on the following payroll register....
The names of the employees of Hogan Thrift Shop are listed on the following payroll register. Employees are paid weekly. The marital status and the number of allowances claimed are shown on the payroll register, along with each employee's weekly salary, which has remained the same all year. Complete the payroll register for the payroll period ending December 21, the 51st weekly payday. The state income tax rate is 2% of total earnings, the city income tax rate is 1.5%...
The names of the employees of Hogan Thrift Shop are listed on the following payroll register....
The names of the employees of Hogan Thrift Shop are listed on the following payroll register. Employees are paid weekly. The marital status and the number of allowances claimed are shown on the payroll register, along with each employee's weekly salary, which has remained the same all year. Complete the payroll register for the payroll period ending December 21, the 51st weekly payday. The state income tax rate is 2% of total earnings, the city income tax rate is 1.5%...
The following 3 employees are PAID monthly and this is the last payday of the year (Dec).
The following 3 employees are PAID monthly and this is the last payday of the year (Dec).  
The names of the employees of Hogan Thrift Shop are listed onthe following payroll register....
The names of the employees of Hogan Thrift Shop are listed on the following payroll register. Employees are paid weekly. The marital status and the number of allowances claimed are shown on the payroll register, along with each employee's weekly salary, which has remained the same all year. Complete the payroll register for the payroll period ending December 20, the 51st weekly payday. The state income tax rate is 2% of total earnings, the city income tax rate is 1.5%...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT