hour beyond the 40 hours per week. Hourly employees are paid every two weeks, but salaried employees are paid monthly on

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hour beyond the 40 hours per week. Hourly employees are paid every two weeks, but salaried employees are paid monthly on the
last biweekly payday of each month. FICA Social Security taxes are 6.2% of the first $137,700 paid to each employee, and FICA
Medicare taxes are 1.45% of gross pay. FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to each employee. The
company has a benefits plan that includes medical insurance, life insurance, and retirement funding for employees. Under this plan,
employees must contribute 5% of their gross income as a payroll withholding, which the company matches with double the amount.
Following is the partially completed payroll register for the biweekly period ending August 31, which is the last payday of August.
a. Complete this payroll register by filling in all cells for the pay period ended August 31.
Prepare the August 31 journal entry to:
b. Record the accrued biweekly payroll and related liabilities for deductions.
c. Record the employer's cash payment of the net payroll of part b.
d. Record the employer's payroll taxes including the contribution to the benefits plan.
e. Pay all liabilities (except for the net payroll in part c) for this biweekly period.

Hour Beyond The 40 Hours Per Week Hourly Employees Are Paid Every Two Weeks But Salaried Employees Are Paid Monthly On 1 (40.29 KiB) Viewed 47 times

Hour Beyond The 40 Hours Per Week Hourly Employees Are Paid Every Two Weeks But Salaried Employees Are Paid Monthly On 2 (27.93 KiB) Viewed 47 times

Complete this payroll register by filling in all cells for the pay period ended August 31. (Round your answers to 2 decimal places. Do not round your intermedia calculations.) Employee (Excludes Anthony Nichole Zoey Cumulative Pay Kathleen $ 133,700.00 Salary Gracie Totals Current Period) Pay Pay Type Hours 17,500,00 6,100.00 Salary Current-Period Gross Pay 6.600.00 Regular 80 Overtime 5,150 00 $ 169,050 00 Regular Overtime 82829 gular Overtime 12 80 13 40 Gross Pay S 9,000.00 $ FIT Withholding 1,540.00 SIT Withholding 1.280.00 288.00 1,280.00 312.00 640.00 14,340.00 FUTA 400.00 20.00 60.00 160.00 50.00 220.00 60.00 60.00 20.00 SUTA FICA S.S. Employee FICA S.S. Employer FICA Medicare Employee FICA Medicare Employer 97.22 98.70 98.70 $ 2,700.00 $ 0.00 $ 248.00 $ 130.50 $ 0.00 248.00 130.50 5.40 95.48 22.33 48.60 95.48 22:33 0.00 97.22 0.00 2.40 21.60 3.84 39.68 34.56 30.68 $3.370.00 $ 11.64 $ 579.00 $ 590.00 104.76 579.08 Employee Plan Withholding 22.74 22.74 23.08 Employer Plan Exponse 23.08 9.28 9.28 207.93 $ 207.93 450.00 900.00 77.00 154.00 78.40 156.80 79.60 159.20 32.00 64.00 717.00 1.434.00 Employee Net Pay (Current Period) $5,071.50 $5,746.27
View transaction list No Date August 31 View journal entry worksheet General Journal Salaries (or Wages) expense FICA-Social security taxes payable FICA-Medicare taxes payable Employee federal income taxes payable Employee state income taxes payable Employee benefits plan payable Salaries (or Wages) payable Debit Credit ******** inne