Prepare the general journal entries to accrue alphas

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Question - Brovo Zulu is an employee of Alpha Company. Alpha Company pays employees the Friday after wages are earned. Overtime in excess of 40 hours must be paid at 150% of the normal hourly rate. Social Security taxes for this problem are 6% and medicare taxes are 1.5%. The federal unemployment tax rate is 1.2% and the state Un-employment tax rate is 4.5%. Bravo's wages, including the current pay period, will not exceed the limits for social security, Medicare and Unemployment taxes. Bravo earns $15 per hour and worked 51 hours for the week ended January 26, 2018. Alpha will withhold $210 federal income taxes. Prepare the general journal entries to accrue alphas:

a. Payroll expense for Bravo Zulu.

b. Payroll tax liabilities for January 26, 2018 for Bravo Zulu.

Reference no: EM132178838

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