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# AC499 Unit 08 Assignment: Student Instructions: Each Problem (1, 2, 3 &amp; 4) is worth 10 points. (40 Points total). Submit your answers to the Unit...

Use the following information to answer Questions 2, 3 & 4:
The totals from the first payroll of the year are shown below.
Total Pay = \$36, 195.10
FICA/OASDI = \$ 2,244.10
FICA/HI = \$ 524.83
FIT W/H = \$ 6,515.00
State Tax W/H = \$ 361.95
Union Dues = \$ 500.00
Net Pay = \$ 26,049.22
Question # 2: Journalize the entry to record the payroll.
Question # 3: Journalize the entry to record the employer’s payroll taxes (assume a SUTA rate of 3.7%).
Question # 4: Journalize the entry to deposit the FICA and FIT taxes.

AC499 Unit 08 Assignment: Student Instructions: Each Problem (1, 2, 3 & 4) is worth 10 points. (40 Points total). Submit your answers to the Unit 8 Dropbox in a properly formatted Excel Workbook file. Use a SEPARATE sheet for each problem. Do not put all 4 problems on the same page. Question # 1: Charles Giles worked 46 hours during this pay week. He is paid time and a half for hours over 40 and his pay rate is \$17.90/hour. What was his overtime premium pay for this workweek? Use the following information to answer Questions 2, 3 & 4: The totals from the first payroll of the year are shown below. Total Pay = \$36, 195.10 FICA/OASDI = \$ 2,244.10 FICA/HI = \$ 524.83 FIT W/H = \$ 6,515.00 State Tax W/H = \$ 361.95 Union Dues = \$ 500.00 Net Pay = \$ 26,049.22 Question # 2: Journalize the entry to record the payroll. Question # 3: Journalize the entry to record the employer’s payroll taxes (assume a SUTA rate of 3.7%). Question # 4: Journalize the entry to deposit the FICA and FIT taxes.

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