Jackson-Rogers Inc. has the following information for their payroll Jose Rodrigu
ID: 2464878 • Letter: J
Question
Jackson-Rogers Inc. has the following information for their payroll Jose Rodriguez, Married with 4 withholding allowances on W-4, hourly wage rate $10/hr. Overtime rate of 1.5 x wage rate for every hour over 40 hours per week.
Maria Gonzales, Single with 2 withholding allowances on W-4, hourly wage rate of $15/hour. Overtime rate of 1.5 x wage rate for every hour over 40 hours per week.
Bill White, single with 0 withholding allowances dependent on W-4, hourly wage rate of $15/hour. Overtime rate of 1.5 x wage rate for every hour over 40 hours per week.
Required: 1. For the week ended 11/6/2015, Jose worked 46 hours, Maria worked 42 hours and Bill worked 20 hours. Jackson-Rogers pays wages and salaries weekly.
A. Calculate all taxes and the total paycheck for each of the 3 employees.
B. Journalize the transactions 2. Assume, Jose has voluntary deductions of $120 towards his health insurance, that he wants the company to withhold and remit that payment to his insurance company. What would be his check amount and journalize those transactions.
Explanation / Answer
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