3 Matson Office Systems PAYROLL REGISTER FOR PERIOENINO December 2720- DEDUCTIONS (b) EARNINGS (a) SUPPL (c) (d) EMPLOYEE NAME MARITA STATUS NO OFW ALLOW REGULAR (b) TOTAL (a) FICA OASDI () NET PAY HE FIT SIT CIT slu 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 Wayne, Bret M 5 (M) $ 3.000.00 Young, Gina M 2 M 2.500.00 Course, Rudy S 1 810.00 Dickson, Emile M 4 715.00 Woodrow. Wat M 2 695.00 Noblet, Jim 1 525.00 Ono, Joan M 2 800.00 Jones, Carrie s 0 645.00 Totals $ 9,690.00 Compute the employer's FICA taxes for the pay period ending December 27 20- OASDI Taxes OASDI taxable eamings OASDI taxes (M) indicates monthly pay Hi Taxes Hi taxable eamings He taxes 4-8B. LO 3 See Figure 1.9 on page 1-24. Example 4-9 on page 4.20 The names of the employees of Matson Office Systems and their regular salaries are shown in the following payroll register. Note that Wayne and Young are paid monthly on the last payday, while all others are paid weekly In addition to the regular salaries, the company pays an annual bonus based on the amount of earnings for the year. For the current year, the bonus amounts to 8% of the annual salary paid to each employee. The bonus is to be paid along with the regular salaries on December 27, 20, but the amount of the bonus and the amount of the regular salary will be shown separately on each employee's earnings statement. Assume that all employees received their regular salary during the entire year. Prepare the payroll for the pay period ending December 27, 20, showing the following for each employeo: Use the wago-bracket method to withhold federal income tax from the regular salaries . Withhold a ftat 22% on the annual bonus Total salaries and bonuses are subject to a 2% state income tax and a 19 ally income tax SOS 3 & M 3 W. FI TI In de N M Compute the employer's FICA taxes for the pay period ending December 27, 20- OASDI Taxes OASDI taxable earnings $ Hi Taxes Hi taxable earnings Hlaxes OASDI taxes 3 Matson Office Systems PAYROLL REGISTER FOR PERIOENINO December 2720- DEDUCTIONS (b) EARNINGS (a) SUPPL (c) (d) EMPLOYEE NAME MARITA STATUS NO OFW ALLOW REGULAR (b) TOTAL (a) FICA OASDI () NET PAY HE FIT SIT CIT slu 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 Wayne, Bret M 5 (M) $ 3.000.00 Young, Gina M 2 M 2.500.00 Course, Rudy S 1 810.00 Dickson, Emile M 4 715.00 Woodrow. Wat M 2 695.00 Noblet, Jim 1 525.00 Ono, Joan M 2 800.00 Jones, Carrie s 0 645.00 Totals $ 9,690.00 Compute the employer's FICA taxes for the pay period ending December 27 20- OASDI Taxes OASDI taxable eamings OASDI taxes (M) indicates monthly pay Hi Taxes Hi taxable eamings He taxes 4-8B. LO 3 See Figure 1.9 on page 1-24. Example 4-9 on page 4.20 The names of the employees of Matson Office Systems and their regular salaries are shown in the following payroll register. Note that Wayne and Young are paid monthly on the last payday, while all others are paid weekly In addition to the regular salaries, the company pays an annual bonus based on the amount of earnings for the year. For the current year, the bonus amounts to 8% of the annual salary paid to each employee. The bonus is to be paid along with the regular salaries on December 27, 20, but the amount of the bonus and the amount of the regular salary will be shown separately on each employee's earnings statement. Assume that all employees received their regular salary during the entire year. Prepare the payroll for the pay period ending December 27, 20, showing the following for each employeo: Use the wago-bracket method to withhold federal income tax from the regular salaries . Withhold a ftat 22% on the annual bonus Total salaries and bonuses are subject to a 2% state income tax and a 19 ally income tax SOS 3 & M 3 W. FI TI In de N M Compute the employer's FICA taxes for the pay period ending December 27, 20- OASDI Taxes OASDI taxable earnings $ Hi Taxes Hi taxable earnings Hlaxes OASDI taxes