college accounting 12th edition

a. FICA OASDI is 6.2% on $106,800; FICA Medicare is 1.45% on all earnings. b. Federal income tax is calculated from Figure 24. c. State income tax is 3% of gross pay. d. Union dues are $18 biweekly. e. The SUTA rate is 5.4%, and the FUTA rate is 0.8% on earnings below $7,000. f. The proper Wage Bracket Table to use is Figure 7.2 on page 265 of your textbook. 2. You gathered the following data from time cards and individual employee eamings records. Your tasks are as follows: a. On December 5, 2017, prepare a payroll register for this biweekly payroll. b. Calculate the employer taxes of FICA OASDI, FICA Medicare, FUTA, and SUTA. Biweekly Salary Department Allowance Cumulative and Earnings Employee Marital Before This Status Payroll Alvin, John S-3 $37,400 Gale, Nicki S-1 47,500 Malone, Jeff S-2 64,800 Seaver, Paul S-1 4,600 $1,510 2,040 2,080 810 Check No. 30 31 32 33 Production Office Production Office Assume the following