Question
Assume this is for 2018:Empty Fields Company pays its salaried employees monthly on the last day of each month. The annual salary payroll for 2018
Assume this is for 2018:Empty Fields Company pays its salaried employees monthly on the last day of each month. The annual salary payroll for 2018 follows. Compute the following for the payroll of December 31; round your answers to the nearest cent.
| Employee | Annual Salary | OASDI Taxable Wages | OASDI Tax | HI Taxable Wages | HI Tax | |||||
| Utley, Genna | $37,040 | $ | $ | $ | $ | |||||
| Werth, Norm | 48,900 | |||||||||
| Bass, John | 40,000 | |||||||||
| Ruiz, Sam | 132,000 | |||||||||
| Compton, Sue | 36,900 | |||||||||
| Williams, Mary | 48,500 | |||||||||
| Patel, Raymond | 106,080 | |||||||||
| Carson, Abe | 56,900 | |||||||||
| Livinsky, Sarah | 37,850 | |||||||||
| Harper, Mark | 51,200 | |||||||||
| Totals | $ | $ | $ | $ | ||||||
| Employer's OASDI Tax | $ |
| Employer's HI Tax | $ |
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Managerial Economics Theory Applications and Cases
Authors: Bruce Allen, Keith Weigelt, Neil A. Doherty, Edwin Mansfield
8th edition
978-0393124491, 393124495, 978-0039391277, 393912779, 978-0393912777
