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Complete the following payroll register for Thorndike Manufacturing Company. All workers receive time and one-half for hours worked in excess of 40 hours per week.
Complete the following payroll register for Thorndike Manufacturing Company. All workers receive time and one-half for hours worked in excess of 40 hours per week. Compute Social Security using 6.2% and Medicare using 1.45%. Medical insurance and union dues deductions are shown in the payroll register. Use the wage bracket method to determine federal income tax. Total each column and verify the total net pay amount.
Payroll Register | |||||||||||||||
Earnings | Deductions | ||||||||||||||
Employee Name | Allow. | Status | Hours Worked | Pay Rate | Regular | Overtime | Gross Earnings | Fed. Inc. Tax | Social Security | Medi-care | Medical Ins. | Union Dues | Total Deductions | Net Pay | |
1.5 | 6.2% | 1.45% | Pre-tax | ||||||||||||
Smith, R. | 2 | M | 49 | 17.40 |
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