90.2K

Verified Solution

Link Copied!

I calculated the gross earnings for per employer. please help me to address the deductions and entry payroll expense as I highlighted.

For Bi-Weekly Pay Period Ending January 15, 2015: Worked Total Cross 200 73500 15.00 14.50 -16.20 71600 Regular anings Time Card Marital With Hours Rate Per No Name Status Allow Worked Amount 11 Fran M S 179.00 7.50 592 50 12 William A Wilson 0 30. 00 7 25 13 Harry T. Utley N 27750 8.10 21 Lawrence R Fife M41 ! 80.00 7.90 612200 22 Lucy K Smith S2 80.00 9.75 7 80.00 31 Gretchen R. Fayl ME 3 12 881034 32 Glenda B Robey M6 80.00 21 251 ,70000 33 Thomas K Schork S 1 80.00 24.75 1.980.00 511Barbara T. Hardy M 30.00 1881510.40 M 99 Carson C. Bronson 7 80.00 25.00 2,000.00 TOTALS 796.50 CROSS REF ROUND, 8000 19.50 25.76 42.50 49.50 103046 37 50 11423 05 ROUND 2 ROUND 2 CUDZ 265 4017 055 56 POUND, $12. 00 Payroll Tax Entries ROUND, 2 CrossRef ROUND, 2 ROUND, 2 Crow Rott 20 Accounting Entry from Payrol: Det ENS 22112012012 Hourly Employee Wage Expense Salaned Employee Wage Expense OASDI Payable (EE) Medicare Payable (EE) FWT Payable SWT Payable Other Payable Cash Payroll Tax Entries Payroll Tax Expense OASDI Payable (ER) Medicare Payable (ER) FUTA Payable SUTA Payable What the payroll costs the company? Hourly Employee Wage Expense Salaried Employee Wage Expense Payroll Tax Expense R ek. DaDadad Endin lanan 10 2016 DEDUCTIONS unt Total Gross Earnings OASDI Medicare FWT SWT Net Pay - ND, 2 - =Reg+OVE+Dbt 2015 rate 2015 rate Bracket Bracket =Gross-Ded. For Bi-Weekly Pay Period Ending January 15, 2015: Worked Total Cross 200 73500 15.00 14.50 -16.20 71600 Regular anings Time Card Marital With Hours Rate Per No Name Status Allow Worked Amount 11 Fran M S 179.00 7.50 592 50 12 William A Wilson 0 30. 00 7 25 13 Harry T. Utley N 27750 8.10 21 Lawrence R Fife M41 ! 80.00 7.90 612200 22 Lucy K Smith S2 80.00 9.75 7 80.00 31 Gretchen R. Fayl ME 3 12 881034 32 Glenda B Robey M6 80.00 21 251 ,70000 33 Thomas K Schork S 1 80.00 24.75 1.980.00 511Barbara T. Hardy M 30.00 1881510.40 M 99 Carson C. Bronson 7 80.00 25.00 2,000.00 TOTALS 796.50 CROSS REF ROUND, 8000 19.50 25.76 42.50 49.50 103046 37 50 11423 05 ROUND 2 ROUND 2 CUDZ 265 4017 055 56 POUND, $12. 00 Payroll Tax Entries ROUND, 2 CrossRef ROUND, 2 ROUND, 2 Crow Rott 20 Accounting Entry from Payrol: Det ENS 22112012012 Hourly Employee Wage Expense Salaned Employee Wage Expense OASDI Payable (EE) Medicare Payable (EE) FWT Payable SWT Payable Other Payable Cash Payroll Tax Entries Payroll Tax Expense OASDI Payable (ER) Medicare Payable (ER) FUTA Payable SUTA Payable What the payroll costs the company? Hourly Employee Wage Expense Salaried Employee Wage Expense Payroll Tax Expense R ek. DaDadad Endin lanan 10 2016 DEDUCTIONS unt Total Gross Earnings OASDI Medicare FWT SWT Net Pay - ND, 2 - =Reg+OVE+Dbt 2015 rate 2015 rate Bracket Bracket =Gross-Ded

Answer & Explanation Solved by verified expert

See Answer