Example 3-1 At Vision Club Company, office workers are employed for a 40-hour workweek and are quoted either a monthly or an annual salary (as indicated). Given on the form below are the current annual and monthly salary rates for five office workers for the week ended December 13, 20- (50th payday of the year). In addition, with this pay, these employees are paid their sliding-scale annual bonuses. The bonuses are listed on the register For each worker, compute the following. Round your answers to the nearest cent. 1. Regular eamings for the weekly payroll ended December 13, 20-- 2. Overtime earnings (if applicable). 3. Total regular, overtime earnings, and bonus. 4. FICA taxable wages for this pay period. 5. FICA taxes to be withheld for this pay period. VISION CLUB COMPANY Weekly Payroll for Period Ending December 13, 20-- FICAT This Employee Salary Hours Worked Annual Bonus Regular Earnings Overtime Earnings Total Earnings Cumulative Earnings as of Last Pay OASDI Period Marx, A Boxer, C. $97,240/yr 40 $60,000 1,870 Y 91,000/yr. 40 25,000 1,750 Lundy, R 6,240/mo. 40 20,000 1,440 V Ruth, B 4,680/mo. 40 15,000 1,080 $91,630.00 85,750.00 70,560.00 52,920.00 Gehrig, L 4,900/me 48 1.000