An employee receives an hourly rate of 15 with time and a half for all fours worked in excess of 40during the week. Payroll data for the current week are as follows: hours worked 46- federal income tax withheld, 120 all earnings are subject to social security tax, social security tax rate 6% and Medicare tax rate 1.5%, state employment tax 5.4% on the first 7,000, federal unemployment tax 0.8% on the first 7,000. Prepare journal entry to record the salaries expense. Record the employer payroll tax expense.

Q: An employee earns $25 per hour and 1.50 times that rate for all hours in excess of 40 hours per…

A: Social security tax: A tax charged for the purpose of funding the social security programs is known…

Q: On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned…

A: Tax is the amount which is to be paid to the tax authorities of a nation.

Q: Swifty Company has the following data for the weekly payroll ending January 31.     Hours…

A: Gross pay is the measure of cash of the worker get before the tax and allowances . Net pay is the…

Q: Win-Win company’s first weekly pay period of the year ends on January 8. On that date, the column…

A: Wages: Wages are the earnings of the employees for their work to the company they serve. These are…

Q: Merger Co. has 10 employees, each of whom earns $2,100 per month and has been employed since January…

A: Social security  tax = 2100×10×6.2% =1302

Q: The balance in the prepaid rent account before adjustment at the end of the year is $12,000, which…

A: Assets has debit balance and liabilities has credit balance. To increase Assets one should debit the…

Q: An employee receives an hourly rate of $18, with time and a half for all hours worked in excess of…

A: Introduction:- The following basic information as follows under:- Federal income tax withheld, $144…

Q: . This is the first payroll of the year and the employee has no cumulative earnings for the year to…

A: Calculation of Gross earnings :   Normal earnings $1,800.00 Bonus earnings $540.00 Gross earnings…

Q: Ramirez Company has the following data for the weekly payroll ending January 31. Hours Hourly Rate…

A: Weekly Payroll Register: The weekly payroll register is the register of payroll of employees which…

Q: Stark Company has five employees. Employees paid by the hour earn $10 per hour for the regular…

A: Payroll refers to the payment to be made by the employer to the employees for the services rendered…

Q: Martin Jackson receives an hourly wage rate of $18, with time and a half for all hours worked in…

A: Payroll: Payroll refers to the total amount that is required to be paid by the company to its…

Q: Nielson Corporation has three employees. Each employee is paid overtime at time and one-half…

A: Payroll Register A payroll register is a tool used to keep track of each employee's wage information…

Q: An employee receives an hourly rate of $14, with time and a half for all hours worked in excess of…

A: Salaries expense is the addition of regular and overtime earnings and then various deductions are…

Q: Sadie White receives an hourly rate of $30, with time and a half for all hours worked in excess of…

A: Payroll- Payroll refers to the process of making payments to a company's employees. This process…

Q: On January 8, the end of the first weekly pay period of the year, Regis Company’s employees earned…

A: Tax: It is the compulsory payment that arises on income of individual, corporate and other entities.

Q: The following information is for employee Ella Dodd for the week ended March 15.   Total hours…

A: Given the following information: Total hours worked: 48 Rate: $15 per hour, with double time for…

Q: Crane Company has the following data for the weekly payroll ending January 31.     Hours…

A: Wages: Wages are the earnings of the employees for their work to the company they serve. These are…

Q: Martin Jackson receives an hourly wage rate of $17, with time and a half for all hours worked in…

A: Compute gross pay of Martin Jackson as shown below:

Q: An employee receives an hourly rate of $23.00, with time and a half for all hours worked in excess…

A: After withholdings have also been deducted from an employee's gross wage, net compensation is the…

Q: An employee receives an hourly wage rate of $23, with time-and-a-half for all hours worked in excess…

A: Definition: The net amount payable to the employee is the amount paid net of taxes. It is calculated…

Q: An employee receives an hourly rate of $30, with time and a half for all hours worked in excess of…

A: Payroll: Payroll refers to the total amount that is required to be paid by the company to its…

Q: An employee receives an hourly wage rate of $18, with time and a half for all hours worked in excess…

A: The net amount payable to the employee is the amount paid net of taxes. It is calculated as follows:…

Q: An employee earns $25 per hour and 1.50 times that rate for all hours in excess of 40 hours per…

A: Since we only answer up to 3 sub parts, we'll answer the first 3. Please resubmit the question and…

Q: An employee receives an hourly rate of $22, with time and a half for all hours worked in excess of…

A: The entire amount of fixed earnings earned during a specific time period is referred to as a…

Q: Thomas Martin receives an hourly wage rate of $17, with time-and-a-half pay for all hours worked in…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: An employee receives an hourly rate of $17, with time and a half for all hours worked in excess of…

A: Gross pay = ($17 x 40 hours+ $17*1.5 x 9 hours) = $909.50

Q: An employee receives an hourly wage rate of $20, with time and a half for all hours worked in excess…

A: Given, Hourly wage = $20 per hour Wage if work in excess of 40 hours = 1.50 * $20 = $30 per hour…

Q: An employee receives an hourly wage rate of $18, with time and a half for all hours worked in excess…

A: An employee who works on an hourly basis is paid the wages at the hourly rate determined by the…

Q: Roppongi Company incurred payroll for the week ₱100,000, which consists of ₱70,000 earned by 20…

A: Introduction As per relevant standard payroll expense should include the bonus pay and the vacation…

Q: Martin Jackson receives an hourly wage rate of $25, with time and a half for all hours worked in…

A: Gross earnings = (40 hours x $25 per hour) + (Hours in excess of 40 hours x $25*1.5 per hour) =(40…

Q: Thomas Martin receives an hourly wage rate of $22, with time and a half for all hours worked in…

A: Based on the given information, Excess hours worked = 44-40 = 4 hours Normal wage rate for hours…

Q: Paloma Company has four employees. FICA Social Security taxes are 6.2% of the first $137,700 paid to…

A: Employee's Payroll: It is the amount for which an employee contributes or works for a company.…

Q: The summary of the payroll for the monthly pay period ending July 15 indicated the following:…

A: Federal income taxes are imposed in USA. The income tax is calculated by implementing tax rate which…

Q: Roppongi Company incurred payroll for the week of 100,000, which consists of 70,000 earned by 20…

A: Journal entry is a primary entry that records the financial transactions initially.

Q: Nielson Corporation has three employees. Each employee is paid overtime at time and one-half…

A: Payroll is the salary register maintained by the HR department of the company which includes the…

Q: Based on the information below, Prepare the journal entry to record Regis’s (employer) payroll taxes…

A: 1). Journal Entry to record Regis's payroll taxes resulting from the Jan 8 payroll :- Date…

Q: Merger Co. has 10 employees, each of whom earns $1,550 per month and has been employed since January…

A: Given that: Number of Employees = 10 Pay per month = $1550 per month

Q: An employee receives an hourly rate of $25, with time and a half for all hours worked in excess of…

A: Gross earnings = (40 hours x $25 per hour) + (Hours in excess of 40 hours x $25 per hour x 1.5) =(40…

Q: Thomas Martin receives an hourly wage rate of $14, with time-and-a-half pay for all hours worked in…

A: Given that: Regular hours = 40 hours Hours worked = 42 hours

Q: An employee earns $40 per hour and 1.5 times that rate for all hours in excess of 40 hours per week.…

A: Social security tax = Gross pay for the week x Social security tax  rate = 2200*6% = $132 Medicare…

Q: Prepare the journal entry to record the January 31 payroll expense and salaries. The employer…

A:

Q: An employee receives an hourly wage rate of $16, with time and a half for all hours worked in excess…

A: Gross pay= Hours worked during week * wage rate + extra hours worked* Higher wage rate…

Q: A company’s first weekly pay period of the year ends on January 8. Sales employees earned $30,000…

A: Payroll: Payroll refers to the total amount that is required to be paid by the company to its…

Q: Thomas Martin receives an hourly wage rate of $16, with time and a half for all hours worked in…

A: Gross pay is the amount of pay which includes the normal pay plus the payment of overtime.  Given,…

Q: On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned…

A: Given that: Office salaries = $25760 Sales salaries = $70840

Q: Francisco Company has 10 employees, each of whom earns $2,500 per month and is paid on the last day…

A: Introduction: Salary is a regular payment made by an employer to an employee based on the work and…

Q: Thomas Martin receives an hourly wage rate of $24, with time-and-a-half pay for all hours worked in…

A: Financial Management: Financial management comprises of two words i.e. Finance and management.…

Q: Merger Company has 10 employees, each of whom earns $1,550 per month and has been employed since…

A: A journal entry has been used to record a commercial transaction in the accounting records of a…

Q: Thomas Martin receives an hourly wage rate of $21, with time-and-a-half pay for all hours worked in…

A: Gross pay = Regular pay + Overtime pay