Assume that the payroll records of Darby Oil Company provided the following information for the weekly payroll ended November 30, 2010.
Hourly Federal Earnings Through
Employee Hours Worked Pay Rate Income Tax Union Dues Previous Week
C. Brown 44 $45 $362 $9 $101,000
J. Polk 46 10 65 5 23,200
K. Glass 39 20 118 — 5,700
M. Raney 42 22 169 7 49,500
Additional information: All employees are paid overtime at time and a half for hours worked in excess of 40 per week. The FICA tax rate is 8% for the first $100,000 of each employee's annual earnings. The employer pays unemployment taxes of 6.2% (5.4% for state and .8% for federal) on the first $7,000 of each employee's annual earnings.
(a) Prepare the payroll register for the pay period.
Assume that the payroll records of Darby Oil Company provided the following information for the weekly payroll ended November... View the full answer
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