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August company has five salaried employees your task is to use the following information to prepare a put a register to calculate net pay for
August company has five salaried employees your task is to use the following information to prepare a put a register to calculate net pay for each employee
- X More info each Assume the following: 1. FICA OASDI is 6.2% on $127,200, FICA Medicare is 1.45% on all earnings 2. Each employee contributes $45 biweekly for medical insurance. 3. State income tax is 3% of gross pay. 4. FIT is calculated using the federal income tax withholding table included. to the Medid Print Done Data Allowance and Marital Status Employee Eaton, Helen Kerr, Kara Sears, Hailey Blair, Brett Cutting, Larry S-0 S-1 S-2 S-2 Cumulative Earnings Before This Payroll $ 41,000 37,000 57,400 125,700 26,000 Biweekly Salary Departmen $ 1,450 Customers 1.250 Office 1,400 Office 1.990 Customers 1. 160 Customers S-0 Print Done D Don August Company has five started employees Your tasks to the following information to pure a puro register locale et pay for each (Click the icon to view the information) Click the Konto view empton Assume the following (Click the icon to view the Single Persons-weeky Payroll Pened tooral income tax wholding table) 1. FICA OASIS 62% on 127.200 FICA Midi 2. Each one con 45 way for CA 15 income tax ofron pay Prepare a payroll register to calculate net pay for each employee Prepare the regione for the weekly payio period. Round each cotation 4. Fiducing the decowe Abbreviatices used. Allow. Allowances YTD Year to date, FIT - Federal income Tax SIT Stats Income Tax Exppense, Medin. = Mode as well as the "Expense Account Charged information Prior Current Print Employee Wd Earnings Regar Overtime GIO Earnings Data Name Allow (VT) Saray Hours Rate Ano Hour Rate Pay S-0 Eaton H 41.000 1650 160 42450 Allowance and 1250 38250 Cumulative Ker K S-1 1250 37.000 Marital Statis Employee Before This Sear 92 57 400 1400 1400 51.00 EH 5-0 $ Bla B 5-2 125,700 1990 127.000 Marta S-1 32,000 1160 20 000 1160 22.18 SO Cutting Sear 57450 287/100 7250 72801254380 125.00 Dedictions Table Earnings Exp Account Chaised 50 Ono Line 2000 FICA Med Ne Employee FUTA Nam GUITA DO AT naari Print 1900 13 CTF Calculator . ET S-2 1400 1400 Sears, Blair B S-2 1990 57,400 125,700 26.000 287,100 1990 1160 58,800 127,690 27,160 294,350 1160 Cutting, L S-0 7250 7250 Data Deductions Taxable Earnings FUTA SUTA OASDI Exp Account Charged Ck FICA OASDI Medicare Mod ins Net Pay FIT SIT # Employee Allowance Mantals s-0 Employee Name Eaton H Kerr, K Sears, H 9-1 Eaton, Helen . r Sears, Haley Biar Brett Cutting Lan Blair, B Cutting, Calculator 2 CD Step by Step Solution
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