Town Company had the following partially completed payroll rogister (click the ioon to view the...
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Accounting
Town Company had the following partially completed payroll rogister (click the ioon to view the partial payroll register) [Click the icon to vien payrol tax rate information] Read the recuirerrents. Requirement 1. Complele the payroll register. Round to two decimals. (Round all amounts to the nearest cent Abbreviations used: Beg: = Beginning; Cumb = Cumulative; Eam, = Eamings; Fxp = Expenso; Med, = Medicare; ins, = Insurance; With = Witholdhgs; Chix = Check.) Town Company had the following partially completed payroll register Iili (Click the ioon to view the partial poyeoll register.) (1) (Click the icon to view payroll tax rato information) Data table Requirements 1. Complete the payroll register. Round to two decimals. 2. Joumalize Town Company's salaries and wages expense accrual for the current pay period. 3. Joumalize Town Company's expenses for employer payroll taxes for the current pay period. 4. Journalize the payment to employees. 5. Joumalize the payment for withholdings and employer payroll taxes: More info For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45% up to $200,000,2.35% on earnings above $200,000. Employer: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45%; FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned. Town Compary had the following partially completed paynoll register: III (Cick the icon to view the partial payroll registoc) (Click the icon to view paytoli tax rate information) Reas the requinements. Requirement 1. Completo the payroll reglater. Round to two decimals, (Round all amounts to the nearest cent. Abbreviagions usod: Beg = Beginning: Cum. = Curiuative; Fian. = Earnings; Exp, = Expense; Mod a Modicare: tne = insurance; With = Withholdings; Crik = Chock) Data table Requirements 1. Complete the payroll register. Round to two decimals. 2. Joumalze Town Company's salaries and wages expense accrual for the current pay period. 3. Joumalize Town Company's expenses for employer payroll taxes for the current pay period. 4. Journalize the payment to employees. 5. Joumalze the payment for witholdings and empleyer payroll taxes







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