Description
As the accountant for Tooka's Trees, you need to prepare the payroll register for the payroll dated October 14, 2016 (Hint: all dates will be October 14, 2016). Employees are paid biweekly and are subject to a flat 3% state income tax. State taxes are calculated on the federal withholding wages. Use the wage bracket federal tax table in Appendix C. No employee has exceeded the Social Security wage base. The employees are:
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Explanation & Answer
see attached :) the empty answer on the other blue boxes are there on part 1
Part 1
As the accountant for Tooka's Trees, you need to prepare the payroll register for the payroll dated October
14, 2016 (Hint: all dates will be October 14, 2016). Employees are paid biweekly and are subject to a flat
3% state income tax. State taxes are calculated on the federal withholding wages. Use the wage bracket
federal tax table in Appendix C. No employee has exceeded the Social Security wage base. The employees
are:
a.
T. Taylor
Single, four withholdings
Gross pay: $1,500 per period
401(k) deduction: $125 ...