Question

In: Accounting

Complete the following payroll register for Thorndike Manufacturing Company. All workers receive time and one-half for...

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 Pay
Rate		 Regular Overtime Gross
Earnings		 Fed. Inc.
Tax		 Social
Security		 Medicare Medical
Ins.
Pre-tax		 Union
Dues		 Total
Deductions		 Net Pay
1.5 6.2% 1.45%
Bell, L. 0 S 40 10.80 14.00

Solutions

Expert Solution

Based on the information available in the question, we can setup the employee payroll register as follows:-

Employee Hours Worked Pay Rate Gross Earnings Medicare Medical Insurance pre tax Social Security Total deductions Net Pay
A (Hours worked * Pay rate) A * 1.45% A*6.2% B A-B
Bell L 40 10.8 432                                                   6.26                                                 14.00                                            26.78                                            47.05                    384.95

Please let me know if you have any questions via comments and all the best :)  

ekkarill92 answered 1 year ago
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