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Calculate the Social Security Tax and Medicare Tax columns of the payroll register for the below - listed employees of TCLH Industries, a manufacturer of
Calculate the Social Security Tax and Medicare Tax columns of the payroll register for the belowlisted employees of TCLH Industries, a manufacturer of cleaning products. None of the employees files as married filing separately on their yearend tax return.
Zachary Fox does not make any voluntary deductions that impact earnings subject to federal income tax withholding. He files as married filing jointly, and his weekly gross pay was $ When completing form W Zachary checked box c entered $ in step of the form, and left step blank. The current pay period is his first with the company.
Calvin Bell makes a k retirement plan contribution of of gross pay. He is single, claims two federal withholding allowances and one state withholding allowance, and his weekly gross pay was $ His current year taxable earnings for FICA taxes, prior to the current pay period, are $
David Alexander makes a k retirement plan contribution of of gross pay. He is single, claims one withholding allowance for both federal and state taxes, and his weekly gross pay was $ His current year taxable earnings for FICA taxes, prior to the current pay period, are $
Michael Sierra contributes $ to a flexible spending account each period. He is married, claims four federal withholding allowances and three state withholding allowances, and his weekly gross pay was $ His current year taxable earnings for FICA taxes, prior to the current pay period, are $
NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.
:Zachary Fox
Social Security Tax $
Medicare Tax $
:Calvin Bell
Social Security Tax $
Medicare Tax $
:David Alexander
Social Security Tax $
Medicare Tax $
:Michael Sierra
Social Security Tax $
Medicare Tax $
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