Stuck on calculations, Thank you! Chapter 3-Accour Employees' earnings and taxes A weekly payroll...
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Chapter 3-Accour Employees' earnings and taxes A weekly payroll summary made from labor time records shows the following data for Pima Company: Hourly Hours Employee Tu, H. Dante, J. Jamal, M. Marcus, L Alexander, T. Overtime is payable at one-and-a-half times the regular rate of pay and is distributed to all jobs worked on during the period. a. Determine the net pay of each employee. The income taxes with- Classification Direct Direct Direct Indirect Indirect Rate $12 12 15 Regular 40 40 40 40 40 Overtime 2 3 4 18 held for each employee amount to 15% of the gross wag Prepare journal entries for the following: 1. Recording the payrol. 2. Paying the payroll. 3. Distributing the payroll. (Assume that the overtime premium es. b. will be charged to all jobs worked on during the period.) 4. The employer's payroll taxes. (Assume that none of the employees has achieved the maximum wage bases for FICA and unemployment taxes.)
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