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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

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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 1/2 times the regular hourly rates. On the form below, calculate for each worker: (a) regular earnings, (b) overtime earnings, (c) 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. (1 point for each correct answer) Weekly Payroll for Period Ending December 26, 20-- Total Reg. Cumulative FICA Hours Regular Overtime and O/T Taxable Wages Taxable Wages FICA Taxes Net mployee Salary Worked Earnings Earnings Earnings as of Last Pay This Pay Period to be Withheld Pay (A) (B) (C) Period (12/19/--) (D) (E) (F) OASDI HI OASDI HI OFFICE: $137,800 King, M. per yr. 40 $135,150.00 $6,500 lanera, E. per mo. 40 $76,500.00 $3,900 Tate, S. per mo. 48 $45,900.00 $12.50 Yee, L. per hr. 441/2 $27,675.13 PLANT: $12.50 Diaz, R. per hr. 48 $14,778.96 $14.50 Zagst, J. per hr. 52 $24,703.02 Totals . . . . . . . . . ployer's FICA Taxes: OASDI $ HI $

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