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The Bodyworks Workout Spa pays its employees time and half for all hours in excess of 40 hours per week.
Employees are paid every Friday. The following information is from the payroll register for December 27, the last pay period of this calendar year.
Complete the following payroll register using the wage tax bracket tables in the book to calculate FIT, and
assume the SS rate is 6.2% on the first $127,200 of wages and Medicare at a rate of 1.45% on all wages.
The employer has a federal unemployment rate of 0.6% and state unemployment of 5.4% on the first $7000 of wages.
Prepare journal entries to record the employee’s payroll for the week, AND the entry to record the employer’s tax liability.
weekly is $77.90 use weekly payroll period 2017 for wages
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