At Vision Club Company, office workers are employed for a 40-hour workweek on either an annual or a monthly salary basis.
Given on the form below are the current annual and monthly salary rates for five office workers for the week ended December 14, 2018 (50th payday of the year). In addition, with this pay, these employees are paid their sliding-scale annual bonuses. The bonuses are listed on the register.
For each worker, compute:
1. Regular earnings for the weekly payroll ended December 14, 2018.
2. Overtime earnings (if applicable).
3. Total regular, overtime earnings, and bonus.
4. FICA taxable wages for this pay period.
5. FICA taxes to be withheld for this pay period.

Transcribed Image Text:

VISION CLUB COMPANY Annual Regular Earnings Hours Overtime Worked Total Earnings Employee Salary $97,240/yr. 91,000/yr. 6,240/mo. 4,680/mo. 4,900/mo. Bonus Earnings $40,000 25,000 20,000 15,000 8,000 Marx, A. Вохег, С. Lundy, R. Ruth, B. Gehrig, L. Totals 40 40 40 40 48 (left side) VISION CLUB COMPANY FICA Taxable Wages This Pay Period Cumulative Earnings as of Last Pay Period FICA Taxes Employee to Be Withheld OASDI HI OASDI HI $91,630.00 85,750.00 70,560.00 52,920.00 34,890.00 Marx, A. Вохег, С. Lundy, R. Ruth, B. Gehrig, L. Totals (right side) Employer's FICA taxes for week ended December 14, 2018: OASDI HI