Jackson-Rogers Inc. has the following information for their payroll Jose Rodrigu
ID: 2466264 • 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. SSN: 123-45-6789 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. SSN: 987-65-4321 Bill White, 1 with 0 withholding allowances dependent on W-4, hour hourly wage rate of $15/hour. Overtime rate of 1.5 x wage rate for every hour over 40 hours per week. SSN: 123-12-1234 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. Calculate all taxes and the total paycheck for each of the 3 employees. Google 1RS Circular E to find the table. Also, none of the employees YTD has exceeded the Social Security threshold. Journalize the transactionsExplanation / Answer
1) for joes
wages a/c........................dr 490(40*10+6*15)
to cash 490
2) for maria
wagesa/c...........................dr 645(40*15+2*22.5)
to cash 645
3) for bill
wagesa/c.....................dr 300(20*15)
to cash 300
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