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Complete the remainder of the employee earnings records for the five employees from PSa 4-6. The earnings section of the employee earnings records was previously
Complete the remainder of the employee earnings records for the five employees from PSa 4-6. The earnings section of the employee earnings records was previously completed in PSa 2-13 and PSa 3-9. Note that voluntary withholdings on the payroll register must be divided across the appropriate columns within the employee earnings records.
- Jonathan Olsen earns $9.10/hour, and worked 47 hours during the most recent week. He participates in a cafeteria plan, to which he pays $100 each period. Jonathan Olsen is single, claims two federal withholding allowances, and one state withholding allowance. Jonathan Olsen voluntarily deducts a charitable contribution of $10 each pay period. His year-to-date taxable earnings for Social Security tax, prior to the current pay period, are $31,550, and he is paid with check #0501.
Notes:
- 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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Employee Earnings Record
Name
Address
SS#
Marital Status
Fed. Withholding Allow.
State Withholding Allow.
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Step: 1
Step 1 A payroll register is maintained by the employee In this register the employ...Get Instant Access to Expert-Tailored Solutions
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