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# Calculations for the Weekly Payroll of the Piniella Company

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Piniella Company company has the following data for the weekly payroll ending January 31.

Hours Hourly Federal Income Tax Health
M T W T F S Rate Withholding Insurance
Employees
M. Hindi 8 8 9 8 10 3 \$11 \$34 \$10
E. Benson 8 8 8 8 8 2 \$13 \$37 \$15
K. Estes 9 10 8 8 9 0 \$14 \$58 \$15

Employees are paid 1Â½ times the regular hourly rate for all hours worked in excess of 40 hours per week. FICA taxes are 8% on the first \$106,800 of gross earnings. Piniella Company is subject to 5.4% state unemployment taxes on the first \$9,800 and 0.8% federal unemployment taxes on the first \$7,000 of gross earnings.

Instructions:
a. Prepare the payroll register for the weekly payroll.
b. Prepare the journal entries to record the payroll and Piniella's payroll tax expense.

#### Solution Summary

Piniella Company company has the following data for the weekly payroll ending January 31.

Hours Hourly Federal Income Tax Health
M T W T F S Rate Withholding Insurance
Employees
M. Hindi 8 8 9 8 10 3 \$11 \$34 \$10
E. Benson 8 8 8 8 8 2 \$13 \$37 \$15
K. Estes 9 10 8 8 9 0 \$14 \$58 \$15

Employees are paid 1Â½ times the regular hourly rate for all hours worked in excess of 40 hours per week. FICA taxes are 8% on the first \$106,800 of gross earnings. Piniella Company is subject to 5.4% state unemployment taxes on the first \$9,800 and 0.8% federal unemployment taxes on the first \$7,000 of gross earnings.

Instructions:
a. Prepare the payroll register for the weekly payroll.
b. Prepare the journal entries to record the payroll and Piniella's payroll tax expense.

\$2.49