PR 10-4B Payroll summary Obj. 2 et pay, The following data for Flexco Inc. relat

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PR 10-4B Payroll summary Obj. 2 et pay, The following data for Flexco Inc. relate to the payroll for the week ended December 9: 592.58 Hours HourlyWeekly Federal U.S. Savings Worked Employee Carlton Grove Johnson Koufax Maddux Seaver Spahn Winn Young Salary Income Tax Rate $50.00 52 $667.00 860.00 355.68 578.55 349.65 768.00 382.20 572.00 480.60 $ 60 EMPLATE $4,000 45 37 52.00 58.00 45.00 62 3,200 52.00 50.00 54.00 75 43 Employees Grove and Seaver are office staff, and all of the other employees are sales nel. All sales personnel are paid 1 ½ times the regular rate for all hours in excess of 40 hours per week. The social security tax rate is 6.0% of each employee's annual earnings, and Medicare tax is 1.5% of each employee's annual earnings. The next payroll check to be used is No. 328 person- Instructions 1. Prepare a payroll summary for Flexco Inc. for the week ended December 9. Use the following columns: Employee, Total Hours, Regular Earnings, Overtime Earnings, Total Earnings, Social Security Tax, Medicare Tax, Federal Income Tax, U.S. Savings Bonds, Total Deductions, Net Pay, Ck. No., Sales Salaries Expense, and Office Salaries Expense. (Round to the nearest cent.) 2. Journalize the entry to record the payroll for the week. Obj. 2, 3 PR 10.5R Payroll accounts and year-end entries

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Earnings Earnings Earnings Deductions Deductions Deductions Deductions Deductions Paid Paid Account Debited Account Debited 2 Employee Total Hours Regular Overtime Total Social Security Tax Medicare Tax Federal Income Tax U.S. Savings Bond Total Net Pay Ck. No. Sales Salaries Expense Office Salaries Expense 3 Carlton 52 $    2,000.00 $     900.00 $    2,900.00 $                  174.00 $          43.50 $                    667.00 $                  60.00 $     944.50 $    1,955.50 #328 $                     2,900.00 4 Grove $    4,000.00 $                  240.00 $          60.00 $                    860.00 $                100.00 $ 1,260.00 $    2,740.00 #329 $                       4,000.00 5 Johnson 36 $    1,872.00 $    1,872.00 $                  112.32 $          28.08 $                    355.68 $     496.08 $    1,375.92 #330 $                     1,872.00 6 Koufax 45 $    2,320.00 $     435.00 $    2,755.00 $                  165.30 $          41.33 $                    578.55 $                  44.00 $     829.18 $    1,925.82 #331 $                     2,755.00 7 Maddux 37 $    1,665.00 $    1,665.00 $                     99.90 $          24.98 $                    349.65 $                  62.00 $     536.53 $    1,128.47 #332 $                     1,665.00 8 Seaver $    3,200.00 $                  192.00 $          48.00 $                    768.00 $                120.00 $ 1,128.00 $    2,072.00 #333 $                       3,200.00 9 Spahn 46 $    2,080.00 $     468.00 $    2,548.00 $                  152.88 $          38.22 $                    382.20 $     573.30 $    1,974.70 #334 $                     2,548.00 10 Winn 48 $    2,000.00 $     600.00 $    2,600.00 $                  156.00 $          39.00 $                    572.00 $                  75.00 $     842.00 $    1,758.00 #335 $                     2,600.00 11 Young 43 $    2,160.00 $     243.00 $    2,403.00 $                  144.18 $          36.05 $                    480.60 $                  80.00 $     740.83 $    1,662.17 #336 $                     2,403.00 12 $ 14,097.00 $ 2,646.00 $ 23,943.00 $               1,436.58 $        359.16 $                5,013.68 $                541.00 $ 7,350.42 $ 16,592.58 $                   16,743.00 $                       7,200.00

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