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Adam 43 $12.00 $10.00 14.00 13.00 Anna 45 13.00 Era 46 7.00 The applicable taxes include: FICA 7.65%; state income taxes 1.5%; state unemployment taxes 5.4%; federal unemployment 0.8%; and Federal Income Tax. All employees are married. Adam claims 2 withholding allowances; Anna claims 5 allowances and Era claims 3 withholding allowances. (Federal Income tax table is given at the end of paper). Question No. 6 Prepare a payroll register for the weekly payroll. Question No. 7 (a) Journalize the payroll on January 6, 2021. (b) Journalize the accrual of emplover pavroll taxes on January 6, 2021

Adam 43 $12.00 $10.00 14.00 13.00 Anna 45 13.00 Era 46 7.00 The applicable taxes include: FICA 7.65%; state income taxes 1.5%; state unemployment taxes 5.4%; federal unemployment 0.8%; and Federal Income Tax. All employees are married. Adam claims 2 withholding allowances; Anna claims 5 allowances and Era claims 3 withholding allowances. (Federal Income tax table is given at the end of paper). Question No. 6 Prepare a payroll register for the weekly payroll. Question No. 7 (a) Journalize the payroll on January 6, 2021. (b) Journalize the accrual of emplover pavroll taxes on January 6, 2021

Century 21 Accounting Multicolumn Journal
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter13: Accounting For Payroll And Payroll Taxes
Section13.2: Recording Employer Payroll Taxes
Problem 1WT
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Federal income tax table MARRIED Persons-WEEKLY Payroll Period (For Wages Paid through December 2017) If the wages are- And the number of withholding allowances claimed is – 1 2 3 4 5 6 7 8. 9 10 But less than At least The amount of income tax to be withheld is- 20000O 80000 800OO 40000 800000 0000O 20000 00000 80000 00000 0000 10000 40028 00000 12345 67890 12345 111-1 45678 の0-23 行89 8833 85888 幻8385 88さ88 88593好品 R289 88888 おおたお 8888 器 EER
Transcribed Image Text:Federal income tax table MARRIED Persons-WEEKLY Payroll Period (For Wages Paid through December 2017) If the wages are- And the number of withholding allowances claimed is – 1 2 3 4 5 6 7 8. 9 10 But less than At least The amount of income tax to be withheld is- 20000O 80000 800OO 40000 800000 0000O 20000 00000 80000 00000 0000 10000 40028 00000 12345 67890 12345 111-1 45678 の0-23 行89 8833 85888 幻8385 88さ88 88593好品 R289 88888 おおたお 8888 器 EER
Read following information to answer Question no. 6 and 7 Eva Itd. has three employees who are paid on an hourly basis. They receive a wage of 12 times the regular hourly rate for work in excess of 40 hours. Payroll data for the first week ended January 6, 2021, is given below. Hours Worked Emplovee Adam Hourly Rate $12.00 Union Fund $10.00 43 Anna 45 14.00 13.00 Era 46 13.00 7.00 The applicable taxes include: FICA 7.65%; state income taxes 1.5%; state unemployment taxes 5.4%; federal unemployment 0.8%; and Federal Income Tax. All employees are married. Adam claims 2 withholding allowances; Anna claims 5 allowances and Era claims 3 withholding allowances. (Federal Income tax table is given at the end of paper). Question No. 6 Prepare a payroll register for the weekly payroll. Question No. 7 (a) Journalize the payroll on January 6, 2021. (b) Journalize the accrual of employer payroll taxes on January 6, 2021. (c) Journalize the payment of the payroll on January 12, 2021.
Transcribed Image Text:Read following information to answer Question no. 6 and 7 Eva Itd. has three employees who are paid on an hourly basis. They receive a wage of 12 times the regular hourly rate for work in excess of 40 hours. Payroll data for the first week ended January 6, 2021, is given below. Hours Worked Emplovee Adam Hourly Rate $12.00 Union Fund $10.00 43 Anna 45 14.00 13.00 Era 46 13.00 7.00 The applicable taxes include: FICA 7.65%; state income taxes 1.5%; state unemployment taxes 5.4%; federal unemployment 0.8%; and Federal Income Tax. All employees are married. Adam claims 2 withholding allowances; Anna claims 5 allowances and Era claims 3 withholding allowances. (Federal Income tax table is given at the end of paper). Question No. 6 Prepare a payroll register for the weekly payroll. Question No. 7 (a) Journalize the payroll on January 6, 2021. (b) Journalize the accrual of employer payroll taxes on January 6, 2021. (c) Journalize the payment of the payroll on January 12, 2021.
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