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Unformatted text preview: withheld each month. Baylor Health Systems provides a 75% matching contribution. In other words, for every dollar that Lawrence saves, Baylor will contribute an additional 75 cents. Baylor's payroll is subject to federal (0.5%) and state (1.5%) unemployment taxes on each employee's gross pay, up to $8,000 per year. Lawrence had $6,000 of gross earnings in the months prior to June. Lawrence participates in the Community Chest fund drive each month, via a $25 contribution that is withheld from his pay. (a) Complete Lawrence's pay check and the remittance advice (i.e., "pay stub"). The blank worksheet will be very helpful for this portion of the assignment. (b) Prepare journal entries for Lawrence's pay and the related payroll expenses. (c) What is the total cost to Baylor for Lawrence's services during June?...
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- Spring '11