The Board of Directors has moved further into reviewing the liabilities of ABC Company. They wish to learn more about the payroll requirements of ABC Company. Using the spreadsheet below, complete the workbook for one payroll cycle.
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Writing, using software, and interpreting results is a large part of your learning experience. These assignments are designed to improve your use of technology and communication skills. Using proper business English and resources from the library you will comment and share your research with your classmates. Make sure you note your source in proper APA format.
Link to Keiser’s elibrary resources: http://kesu-verso.auto-graphics.com/MVC/
PowerPoint instruction on how to use the Keiser elibrary: Keiser Slide show Library-Orientation-login-and-navigate-lesson1.pptx
Guidance on how to log in and use the Keiser elibrary: KU Library login guide2014October3
How to cite work from the library How to cite work from the library x
This link helps with APA format: https://owl.purdue.edu/owl/research_and_citation/apa_style/apa_formatting_and_style_guide/general_format.html
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40 40 7.00
25 $17.00 40 $18.00 rate is 6.2% and is 1.45%.
Complete the worksheet worksheet to complete your Payroll Report Social Security Medicare Transactions Journal
Number of Employees
Assume Federal Income Tax will be withheld at a rate of 20% for everyone.
When you called your State, they told you that your State Unemployment tax rate would be 5.4%.
Recall that the Federal Unemployment rate is the same for all businesses.
Required: Complete the payroll report below using the information provided on the Information tab.
Employee Name Hours worked Hourly rate
Required: Use the transactions below to complete your Journal on the next worksheet.
Tip: Refer to pages 473-476 of your text for examples.
Record accrued payroll for January using the Payroll Report
Record employer payroll taxes for the same Payroll Report (hint – remember to record FUTA and SUTA as well)
Record payment of cash to employees.
Required: Enter the journal entries from the transactions found on the Transaction worksheet
rate is 6.2% and
worksheet to complete your
Social Security Medicare