1 All Employees are Paid Biweekly. 2 Overtime is paid for all hours over 40 in a work week. 3 Salaried employees are considered Exempt from overtime. 4 Use the percentage method to compute Federal Income Tax Withholding. Assume that box 2 is not checked for all employees. 5 All dependents claimed on W4 are under 17 for all employees. 2020 dependent value = $2,000 6 Compute the Federal and State Income Tax withholding based upon the withholding elections provided for each employee. 7 Compute the Social Security and Medicare taxes using the percentages and wage base limits as noted on the table located on the payroll register page. 8 Compute the Net Pay for each employee. Pay Amanda Salary Annual Salary $169,500.00 Hourly Rate MFJ, 1 2020 W4 State Filing Status W/H 0.8% Prior YTD Earnings Hours Week 1 Week 2 Regular Earnings Overtime Earnings Current Earnings FIT SIT SS MEDI NET PAY $135,000.00 42 40 Danny Salary $167,200.00 S, 1 1.3% $137,000.00 40 40 Maile Salary $ 45,650.00 HH, 7 1.8% $ 25,100.00 40 40 Janna Salary $ 37,000.00 S, 1 2.7 % $ 25,600.00 43 42 Collin Salary $163,200.00 S, 1 4.2% $138,550.00 40 41 Jesse Hourly $17.50 MFJ, O 5.1% $ 14,500.00 35 50 Vivienne Hourly $25.20 MFJ, 2 0.8% $22,300.00 35 45 Brent Hourly $34.00 MFS, 3 1.8% $ 17,250.00 37 43 Tierney Hourly $18.50 HH, 1 1.3% $ 5,125.00 25 30 Manju Hourly $24.00 MFJ, 3 2.7% $ 33,640.00 44 46 5 pts/employee 3 pts/ee 3 pts/ee 3 pts/ee 3 pts/ee 3 pts/ee