Example 3-1 The monthly and hourly wage schedule for the employees of Quirk, Inc., follows. No...

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Example 3-1 The monthly and hourly wage schedule for the employees of Quirk, Inc., follows. No employees are due overtime pay. Compute the following for the last monthly pay of the year, rounded to the nearest cent: a. The total wages of each part-time employee for December 20--, b. The OASDI and HI taxable wages for each employee. c. The FICA taxes withheld from each employee's wages for December. d. Totals of columns. (Totals should include both full-time and part-time employees.) e. The employer's FICA taxes for the month. Employees Total Monthly Payroll OASDI Taxable Wages OASDI Tax HI Taxable Wages HI Tax Full-Time Office: Adaiar, Gene $2,450.00 2,450 $ 151.90 2,450 35.53 Crup, Jason 2,800.00 2,800 173.60 2,800 40.6 Essex, Joan 2,975.00 2,975 184.45 2,975 43.14 Garza, Irma 2,985.00 2,985 185.07 2,985 43.28 Leason, Mel 2,900.00 2,900 179.80 2,900 42.05 Pruit, Marne 7,000.00 7,000 434 7,000 101.50 Rubble, Deanne 2,400.00 2,400 148.80 2,400 34.80 Simpson, Dick 3,985.00 3,985 247.07 3,985 57.78 Truap, Ann 5,000.00 5,000 310 5,000 72.50 Wilson, Trudy 2,440.00 2,440 151.28 2,440 35.38 Hours Worked Hourly Rate Total Monthly Payroll OASDI Taxable Wages OASDI Tax HI Taxable Wages HI Tax Part-Time Office: Kyle, Judy 170 $16.50 2,805 2,805 173.91 2,805 40.67 Laird, Sharon 170 16.60 2,822 2,822 174.96 2,822 40.92 Maxwell, Sara 140 17.00 2,380 2,380 147.56 2,380 34.51 Nelson, Donna 145 18.20 2,639 2,639 163.62 2,639 38.27 Scott, Kim 162 16.00 2,592 2,592 160.70 2,592 37.58 Totals for all employees 48,173 48,173 2,986.72 48,173 698.51 OASDI Employer's FICA taxes HI 698.51 Example 3-1 The monthly and hourly wage schedule for the employees of Quirk, Inc., follows. No employees are due overtime pay. Compute the following for the last monthly pay of the year, rounded to the nearest cent: a. The total wages of each part-time employee for December 20--, b. The OASDI and HI taxable wages for each employee. c. The FICA taxes withheld from each employee's wages for December. d. Totals of columns. (Totals should include both full-time and part-time employees.) e. The employer's FICA taxes for the month. Employees Total Monthly Payroll OASDI Taxable Wages OASDI Tax HI Taxable Wages HI Tax Full-Time Office: Adaiar, Gene $2,450.00 2,450 $ 151.90 2,450 35.53 Crup, Jason 2,800.00 2,800 173.60 2,800 40.6 Essex, Joan 2,975.00 2,975 184.45 2,975 43.14 Garza, Irma 2,985.00 2,985 185.07 2,985 43.28 Leason, Mel 2,900.00 2,900 179.80 2,900 42.05 Pruit, Marne 7,000.00 7,000 434 7,000 101.50 Rubble, Deanne 2,400.00 2,400 148.80 2,400 34.80 Simpson, Dick 3,985.00 3,985 247.07 3,985 57.78 Truap, Ann 5,000.00 5,000 310 5,000 72.50 Wilson, Trudy 2,440.00 2,440 151.28 2,440 35.38 Hours Worked Hourly Rate Total Monthly Payroll OASDI Taxable Wages OASDI Tax HI Taxable Wages HI Tax Part-Time Office: Kyle, Judy 170 $16.50 2,805 2,805 173.91 2,805 40.67 Laird, Sharon 170 16.60 2,822 2,822 174.96 2,822 40.92 Maxwell, Sara 140 17.00 2,380 2,380 147.56 2,380 34.51 Nelson, Donna 145 18.20 2,639 2,639 163.62 2,639 38.27 Scott, Kim 162 16.00 2,592 2,592 160.70 2,592 37.58 Totals for all employees 48,173 48,173 2,986.72 48,173 698.51 OASDI Employer's FICA taxes HI 698.51