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3. At Haddon, Inc., the office workers are employed for a 40-hour workweek and are paid on either an annual, monthly, or hourly basis. All

3. At Haddon, Inc., the office workers are employed for a 40-hour workweek and are paid on either an annual, monthly, or hourly basis. All office workers are entitled to overtime pay for all hours worked beyond 40 each workweek at 1 times the regular hourly rates. On the form below, calculate for each worker: (a) regular camings, (b) overtime carnings, (e) total regular and overtime earnings, (d) FICA taxable wages, (e) FICA taxes to be withheld, and (f) net pay for the week ended December 26, 20-, Assume that there are 52 weekly payrolls in 20-. Also, determine the total for each of these six items. (I point for each correct answer) Weekly Payroll for Period Ending December 26, 20- Cumulative Taxable Wages as of Last Pay Period (12/19/-) 126 FICA Taxable Wages FICA Taxes Not This Pay Period (D) to be Withheld (E) Pay (F) OASDI HI OASDI HI Total Reg. Employee Salary Hours Worked Regular Earnings (A) Overtime and OIT Earnings Earnings (B) (C) OFFICE King M $144,300 per yr 401 $6,500 Manera, E per mo 40 $3,900 Tate, S per mo 48 $12.50 Yee. L PLANT Diaz. R per h $12.50 per he 44% 48 $14.50 Zagst. J per hr 52 Totals Employer's FICA Taxes: OASDI $ $141.525.00 $76.500.00 $45.900 00 $27.675.13 $14,778.96 $24.703.02 HI S

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