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Brook Company had the following partially completed payroll register (Click the icon to view the partial payroll register.) (Click the icon to view payroll tax
Brook Company had the following partially completed payroll register (Click the icon to view the partial payroll register.) (Click the icon to view payroll tax rate information) Read the requirements Beginning Cum. - Cumulative. Earn. Earnings: Ex Expense; Med. = Medicare Ins. = Insurance; With = Withholdings: Chk Check) Requirement 1. Complete the payrol register. Round to two decimals. (Round all amounts to the nearest cent. Abbreviations used: Beg Earnings Withholdings Salaries Beg Current Ending and Cum. Period Cum Income Health United Total Net Chk Wages Eam. Earn. Eam. OASDI Med Tax InsWay with Pay No. 5 63.000 S 4,400 $ 1,760 5 80 5 20 001 113.000 7,800 780 15235 52.000 2,300 920 46 0 813 63.500 4,900 49098 25C 0 3.000 5 311 500 $ 22.200 $ 4,230 5 4445 80 alth United Total Net C hk Wages Data Table A More Info Earnings Withholdings Salaries and For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $118.500 earned: Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000 Employer. OASDI: 6.2% on first $118.500 eamed Medicare: 1.45% on all earnings, FUTA: 0.6% on first $7,000 eamed, SUTA: 5.4% on first $7,000 earned Ending Cumulative Earnings NetCheck Wages Pay No. Expense OASDI Medicare 801 Beginning Current Cumulative Period Earnings Earnings 83,000 $ 4,400 113,000 7,600 52,000 2,300 63,500 4,900 0 3,000 311,500 $ 22,200 Income Health United Total Tax Insurance Way Withholdings $ 1,760 S 88 5 20 760 152 35 920 46 0 490 9825 300 600 $ 4,230 S 444 $ 80 Print Done 802 803 804 805 Print Done
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