Kimmel, Accounting, 6e Hours Employee MTWTFS L. Helton 8 8 9 8 9 3 R. Kenseth 8 8 8 8 8 3 D. Tavaras 8 9 8 8 9 0 Federal Hourly Income Tax Health Rate Withholding Insurance $12 $33 $10 14 35 21 16 56 21 FINANCIAL AND MANAGERIAL ACCT (BUS 181, 182 CALCULATOR STANDARD VIEW PRINTER VERSION BACK NEXT Employees are paid 1½ times the regular hourly rate for all hours worked in excess of 40 hours per week. FICA taxes are 7.65% on the first $117,000 of gross earnings. Ramirez Company is subject to 3.4% state unemployment taxes and 0.8% federal unemployment taxes on the first $7,000 of gross earnings. (a) Your answer is incorrect. Try again. Prepare the payroll register for the weekly payroll. (Round answers to 2 decimal places, e.g. 15.25.) RAMIREZ COMPANY Payroll Register For the Week Ending January 31 Employee Total Hours Regular Earnings Overtime Gross Pay FICA Taxes Federal Deductions Health Total Net Pay Income Taxes Insurance L. Helton R. Kenseth D. Tavaras Totals Click if you would like to Show Work for this question: Open Show Work Javascript:void(0)
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Calculate the regular hours and overtime hours for each employee: - L. Helton: Total hours = 14, Regular hours = 14, Overtime hours = 0 - R. Kenseth: Total hours = 35, Regular hours = 40, Overtime hours = 0 - D. Tavares: Total hours = 21, Regular hours = 20, Show more…
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