Weygandt, Accounting Principles, 12e Helo I BACK Problem 11-3A (Part Level Submi

Question

Weygandt, Accounting Principles, 12e Helo I BACK Problem 11-3A (Part Level Submission) Mann 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, 2017, are presented below Employee Ben Abel Rita Hager Jack Never Sue Perez Hours Worked Hourly Rate $15.00 16.00 13.00 13.00 40 42 $5.00 5.00 46 61.00 5.00 Abel and Hager are married. They claim 0 and 4 withholding allowances, respectively. The following tax rates are applicable: FICA 7.6596, state income taxes 396, state unemployment taxes 5.4%, and federal unemployment 0.8%

Explanation / Answer

MANN HARDWARE Payroll Register For the Week Ending March 15, 2017 Employee Hours Regular Overtime Gross pay FICA Fedral Income Tax State Income Tax United Fund Total Net Pay Salaries and Wages Expense Ben Abel 40 600 600 45.9 49 18 5 117.9 482.1 600 Rita Hager 42 640 48 688 52.63 22 20.64 5 100.27 587.73 688 Jack Never 44 520 78 598 45.75 60 17.94 8 131.69 466.31 598 Sue Perez 46 520 117 637 48.73 61 19.11 5 133.84 503.16 637 2280 243 2523 193.01 192 75.69 23 483.7 2039.3 2523

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