Hira Hardware has four employees who are paid on an hourly basis plus time-and-a

Question

Hira Hardware has four employees who are paid on an hourly basis plus time-and-a half for all hours worked in excess of 40 a week. Payroll data for the week ended March 15, 2012, are presentd below. Employee Hours Worked Hourly Rate Federal Income Tax Withholdings United Fund Joe Hana 40 $15 $? $5 Mary Alina 42 15 ? 5 Andy Silva 44 13 60 8 Kim Gomez 46 13 61 5 Hana and Alina are married. They claim 0 and 4 withholding allowances, respectively. The following tax rates are applicable: FICA 8%, state income taxes 3%, state unemployment taxes 5.40%, and federal unemployment 0.80%.

Explanation / Answer

Del Hardware has four employees who are paid on an hourly basis plus time-and-a half for all hours worked in excess of 40 a week. Payroll data for the week ended March 15, 2012, are presented below. Employee Hours Worked Hourly Rate Federal Income Tax Withholdings United Fund Joe Devena 40 $15.00 $? $5.00 Mary Keener 42 15.00 ? 5.00 Andy Dye 44 13.00 60 8.00 Kim Shen 46 13.00 61 5.00 Devena and Keener are married. They claim 0 and 4 withholding allowances, respectively. The following tax rates are applicable: FICA 8%, state income taxes 3%, state unemployment taxes 5.4%, and federal unemployment 0.8%. The first three employees are sales clerks (store wages expense). The fourth employee performs administrative duties (office wages expense). Prepare a payroll register for the weekly payroll. (Use the wage-bracket withholding table in the text for federal income tax withholdings.) DEL HARDWARE Payroll Register For the Week Ending March 15, 2012 Earnings Employee Total Hours Regular Overtime Gross Pay Joe Devena Mary Keener Andy Dye Kim Shen Totals * DEL HARDWARE Payroll Register For the Week Ending March 15, 2012 Deductions FICA Taxes Federal State U.F Total Net Pay Store Wages Expense Office Wages Expense Employee Joe Devena Mary Keener Andy Dye Kim Shen Totals *

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