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Assume that the payroll records of Flip Company provided the following information for the weekly payroll ended November 30, 2014.;Employee;Hours;Rate;Fed...

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Assume that the payroll records of Flip Company provided the following information for the weekly payroll ended November 30, 2014.;Employee;Hours;Rate;Fed Tax;Dues;Earnings Year-to-Date;Flop;44;$45;$362;$9;$111,000;Flim;46;15;97;5;23,200;Flam;40;25;148;5,700;Floozy;42;30;230;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 (total social security & medicare) tax rate is 7.65% for the first $110,100 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.;Instructions;a. Prepare the payroll register for the pay period.;b. Prepare a schedule to show calculation for any payroll taxes.

 

Paper#76172 | Written in 18-Jul-2015

Price : $22
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