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question all employees are paid monthly and this is the last payday ofthe year besid 4287564

Question

All employees are paid monthly and this is the last payday ofthe year.

Besides the Federal and FICA taxes withheld, the employees alsohave State withholdings @ 3.4% and County withholdings @ 1.3%.

1. Sharon Withhun — married, 5 allowances. Regular pay $12,000,401K $500, Medical $300

2. Kyle Crabtree — single, 2 allowances. Regular pay $10,750,401K $300, Medical $200

3. Elizabeth Gill — married, 3 allowances. Regular pay $3,500,401K $100, Medical $70

Submit the following:

1. Completed payroll register

2. Journal entries for the last payday (assume the employermatches the 401K of the employee and pays twice the Medicalemployee payment)

3. Form 941 – boxes 2, 3, 5a, 5c, 14

 

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