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The following information is for an employee for the week ended March 15. Total hours worked:...

The following information is for an employee for the week ended March 15.

Total hours worked: 45

Rate: $20 per hour, with double time for all hours in excess of 40

Federal income tax withheld: $400

Cumulative earnings prior to current week: $10,000

Tax rates:

Social security: 6% on maximum earnings of $100,000. Medicare tax:     1.5% on all earnings.

State unemployment: 3.4% on maximum earnings of $12,000 per year; on employer

Federal unemployment: 0.8% on maximum earnings of $8,000 per year; on employer

(a)

Determine:

(1) total earnings ___________

(2) total deductions _________

(3) cash paid ______________

(b)

Journalize the employer's payroll taxes for this employee for the week.

Date

Account Title

Debit

Credit

3/15
business   accounting   
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