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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.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.
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