Alex Wilson operates On-TIme Dellvery Service. The company has four employees who...

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Accounting

Alex Wilson operates On-TIme Dellvery Service. The company has four employees who are pald on an hourly basis. During the
workweek beginning December 15 and ending December 21,20X1, employees worked the number of hours shown below. Information
about thelr hourly rates, marital status, federal Income tax to be withheld, along with thelr cumulative earnings for the year prior to the
December 15-21 payroll period. Consider any hours worked beyond 40 in the week as overtime hours and overtime pay at one and
one-half times thelr regular hourly rate.
Requlred:
2 Compute the regular, overtime, and gross eamings for each employee. Enter the figures in the payroll reglster.
Compute the amount of soclal securlty tax to be withheld from each employee's gross earnings. Assume a 6.2 percent soclal
security rate on the first $142,800 earned by the employee during the year. Enter the figures In the payroll register.
Compute the amount of Medicare tax to be withheld from each employee's gross earnings. Assume a 1.45 percent Medicare tax
rate on all salarles and wages eamed by the employee during the year. Enter the figures in the payroll register.
Use the provided amount of federal Income tax to be withheld from each employee's total earnings. Enter the figures in the
payroll register.
Compute the net amount due to each employee and enter the figures In the payroll register.
Dodger and Russell are office workers. Garcla and Dollar are dellvery workers.
Prepare a general Journal entry to record the payroll for the week ended December 21,20X1.
Prepare a general journal entry on December 23 to summarize payment of wages for the week.
Analyze:
What percentage of total taxable wages was delivery wages?
Complete this question by entering your answers in the tabs below.
net amount due to each employee. (Dodger and Russell are office workers. Garcia and Dollar are delivery workers.)
Note: Round your intermediate calculations and final answers to 2 decimal places.
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