Question
DIRECTIONS: Complete the following payroll register for employees of Corby Company for the week ended March 1, 20--. Taxable earnings should be computed on the
DIRECTIONS: Complete the following payroll register for employees of Corby Company for the week ended March 1, 20--. Taxable earnings should be computed on the basis of a 40-hour week with overtime earnings being paid at time and one-half for all hours over 40 each workweek (no overtime for salaried employees). Note: Carry each overtime hourly rate out to 3 decimal places and then round off to 2 decimal places. All employees' wages are subject to the OASDI tax of 6.2% and the HI tax of 1.45%. The supplemental HI rate of 0.9% is not applicable.
Use the partial wage-bracket tables provided to determine the amount of federal income tax to be withheld. For the salaried employees (#32 and #10), use the percentage method table. All workers are employed in a state that imposes a 2% income tax on the gross wages earned by each worker. please show your work in details for each answer
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