The Payroll Records of a Company Provided the Following Data

question 66

Essay

The payroll records of a company provided the following data for the weekly pay period ended December 7: $\begin{array}{|l|r|r|r|r|r|r|}\hline \text { Employee } & \begin{array}{r}\text { Earnings } \\\text { to End of } \\\text { Previous } \\\text { Week }\end{array} & \begin{array}{r}\text { Gross } \\\text { Pay }\end{array} & \begin{array}{r}\text { Federal } \\\text { Income } \\\text { Taxes }\end{array} & \begin{array}{r}\text { Medical } \\\text { Insurance } \\\text { Deduction }\end{array} & \begin{array}{r}\text { Union } \\\text { Dues }\end{array} & \begin{array}{r}\text { United } \\\text { Way }\end{array} \\\hline \text { Ronald Arthur } & \$ 54,000 & \$ 1,200 & \$ 216 & \$ 125 & \$ 15 & \$ 15 \\\hline \text { John Baines } & 40,500 & 900 & 162 & 125 & 15 & 30 \\\hline \text { Ted Carter } & 45,000 & 1,000 & 180 & 150 & 0 & 20 \\\hline\end{array}$ The FICA social security tax rate is 6.2% and the FICA Medicare tax rate is 1.45% on all of this week's wages paid to each employee. The federal and state unemployment tax rates are 0.8% and 5.4%, respectively, on the first $7,000 paid to each employee. Prepare the journal entries to (a) accrue the payroll and (b) record payroll taxes expense.

Explore individual narratives within the larger context of colonial indentured servitude and slavery.

Understand the social and political dynamics of witchcraft accusations in Salem and their broader implications for colonial society.

Analyze the impact of English policies on colonial autonomy and governance in the 1680s.

Identify the diverse groups attracted to the American colonies in the eighteenth century and the reasons for their migration.

---

Definitions:

Energy Incorporation

The process of converting energy from one form into another form usable by an organism, often involved in metabolism and bodily functions.

Percentage

A proportion or share in relation to a whole, represented as a fraction of 100.

Removes Carbon

The process of removing carbon typically refers to extracting carbon dioxide (CO2) from the atmosphere or emissions, a critical action for reducing global warming and climate change.

Atmosphere

The layer of gases surrounding a planet, which for Earth is composed primarily of nitrogen and oxygen and protects it from the sun's radiation and space debris.