Question - Assume that the payroll records of Darby Oil Company provided the following information for the weekly payroll ended November 30, 2010.
Year-to-Date
Hourly Federal Earnings Through
Employee Hours Worked Pay Rate Income Tax Union Dues Previous Week
C. Brown 44 $45 $362 $9 $101,000
J. Polk 46 10 65 5 23,200
K. Glass 39 20 118 - 5,700
M. Raney 42 22 169 7 49,500
Additional information: All employees are paid overtime at time and a half for hours worked in excess of 40 per week. The FICA tax rate is 8% for the first $100,000 of each employee's annual earnings. The employer pays unemployment taxes of 6.2% (5.4% for state and .8% for federal) on the first $7,000 of each employee's annual earnings.
Instructions - (a) Prepare the payroll register for the pay period.