Transcribed Image Text: Brandon, the Manager, who earns a salary of $52,000 per year or $1,000 per week, Clarissa, the Sales Coordinator, who is paid $20 per hour, and David,
Transcribed Image Text: Brandon, the Manager, who earns a salary of $52,000 per year or
$1,000 per week,
Clarissa, the Sales Coordinator, who is paid $20 per hour, and
David, the Shipper, who is paid $.20 per package shipped.
Alan pays his employees every week and, this past week, Brandon
worked all five scheduled days, Clarissa worked fifty (50) hours, and
David shipped 4,500 packages. Record/journalize the employees’
payroll entry (pay attention to what’s asked for) by function
(Management Salary Expense, Sales Wage Expense, & Shipping
Wage Expense) now for the paychecks that will be issued this
coming Friday, which will be the first time the employees are paid this
calendar year.
All the employees want 20% of their earnings withheld for Federal
Income Tax purposes.
The tax rates are:
6.2%
FICA Social Security
State Unemployment
5.4%
Medicare
1.45%
Federal Unemployment 0.6%
Book the taxes you withhold as one entry for all three employees, not
separate entries for each employee.
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