Name hours worked pay rate earnings at end of the previous week filing status numbres of...

Name	hours worked	pay rate	earnings at end of the previous week	filing status	numbres of witholdings
biggs, al	40	$11.65	$21,536.00	single	2
cool,ray	40	$11.50	$21,988.00	single	1
dell,don	40	$11.95	$21,160.00	married	2
evans, pedro	49	$34.00	$127,280.00	married	4
frey, belle	22	$10.50	$6,096.00	married	2
grayson, nick	40	$11.00	$21,040.00	married	1
roberts, john	45	$14.25	$25,690.00	single	0
wayne,david	18	$10.75	$6,855.00	married	2

Arcade Mania has the following payroll information for the week ending November 21:

Employees are paid weekly and are paid time-and-a-half for work in excess of

forty hours per week. Taxable earnings for Social Security are based on the first

$128,700. Taxable earnings for Medicare are based on all earnings. Taxable earnings

for federal and state unemployment are based on the first $7,000. State

unemployment tax rate is 5.4% and federal unemployment tax rate is .6%.

Instructions

1. Complete the payroll register, page 37. The Social Security tax rate is 6.2% for

employees and employers and the Medicare tax rate is 1.45%.

2. Prepare a journal entry to record the payroll as of November 21.

3. Prepare a journal entry to record the payroll taxes as of November 21.

4. Journalize the entry to pay the payroll on November 23. Assume that the

company has transferred cash to the Cash-Payroll Bank Account for this payroll.

Expert Solution

ekkarill92 answered 1 year ago

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