Question
4-5B The name of the employees of Hogan Thrift are listed on the following payroll register. Employees are paid weekly. The marital status and the
4-5B
The name of the employees of Hogan Thrift are listed on the following payroll register. Employees are paid weekly. The marital status and the number of allowances claimed are shown on the payroll register, along with each employee's weekly salary, which has remained the same all year. Complete the payroll register for the payroll period ending December 15, the 51st weekly payday. The state income tax rate is 3.1% of total earnings, the city income tax rate is 1% of the total gross earnings, and the wage-bracket method is used for federal income taxes.
For Period Ending December 23
|
| No. of |
| Deductions | (e) | ||||
| Marital | W/H | Total | (a) FICA | (b) | (c) | (d) | Net | |
Employee Name | Status | Allowances | Earnings | OASDI | HI | FIT | SIT | CIT | Pay |
Gold, Ken* | M | 3 | $2,080.00 | ---------- | --------- | -------- | --------- | --------- | -------- |
Morton, Cam | S | 1 | 690.00 | --------- | --------- | -------- | --------- | ---------- | ------- |
Wendal, Hal | M | 0 | 675.00 | -------- | -------- | --------- | --------- | ---------- | ------- |
Cox, Debbie | S | 3 | 510.00 | -------- | --------- | ----------- | --------- | ---------- | ------- |
Hurley, Don | S | 1 | 1,010.00 | --------- | --------- | ---------- | ----------- | ------------ | --------- |
Hand, Cheryl | S | 2 | 850.00 | -------- | --------- | ---------- | ----------- | ------------ | ---------- |
Welsh, Ronda | S | 1 | 590.90 | --------- | --------- | ----------- | ----------- | ---------- | ---------- |
Ruiz, Stacy | M | 3 | 611.15 | ---------- | --------- | ----------- | ---------- | ---------- | ---------- |
Totals |
|
| $7,017.05 | --------- | --------- | ---------- | ---------- | ---------- | ---------- |
Compute the employers FICA taxes for the pay period ending December 23.
OASDI Taxes HI Taxes
OASDI taxable earnings $_______ HI taxable earnings $______
OASDI taxes $_______ HI taxes $ ______
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started