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Figure 1.9 The names of the employees of Hogan Thrift Shop are listed on the following payroll register. Employees are paid weekly. The filing status
Figure 1.9 The names of the employees of Hogan Thrift Shop are listed on the following payroll register. Employees are paid weekly. The filing status is shown on the payroll register, along with each employee's weekly salary, which has remained the same all year. Complete the payroll register for the payroll period ending December 20, 20--, the 51st weekly payday. The state income tax rate is 2% of total earnings, the city income tax rate is 1.5% of the total gross earnings, and the wage-bracket method is used for federal income taxes. Enter all amounts as positive numbers. Round your calculations and final answers to the nearest cent. If an amount is zero, enter "0". As we go to press, the federal income tax rates for 2022 are being determined by budget talks in Washington and not available for publication. For this edition, the 2021 federal income tax tables for Manual Systems with Forms W-4 from 2020 or later with Standard Withholding and 2021 FICA rates have been used. Click here to access the Wage-Bracket Method Tables. Click here to access the Percentage Method Tables. Hogan Thrift Shop Payroll Register Deductions FOR PERIOD ENDING December 20, 20-- (a) FICA (c) SIT Employee Name (b) FIT Filing No. of W/H Total Status Allowances Earnings OASDI HI $ $ $ $ 57 MFJ N/A $2,850.00 257 2n 11 22 John, Matthew 17026 Payroll Register FOR PERIOD ENDING December 20, 20-- Deductions (a) FICA Employee Name Total Filing No. of W/H Status Allowances Earnings OASDI (b) FIT SIT John, Matthew MFI N/A $2,850,00 170.26 x 41.33 357.30 57 Smith, Jennifer MFJ N/A 275.00 17.05 3.99 o 5.50 Bullen, Catherine MF) N/A 250.00 15.50 3.63 5.00 Matthews, Mary MF) + N/A 320.25 19.86 4.64 o 641 Hadt, Bonnie S N/A 450.00 27.90 6.53 21 9.00 Camp, Sean S N/A 560.50 34.75 8.13 34 11.21 Aarav, Helen s NA 475.50 29,48 6.89 25 9.51 Gleason, Josie MF) N/A 890.00 55.18 12.91 41 17.30 5 s Totals $6,071.25 369.98 x 88.05 478.30 121.43 Compute the employer's FICA taxes for the pay period ending December 20, 20--, OASDI Taxes HI Taxes Employee Name Filing No. of W7H Total Status Allowances Earnings OASDI (5) FIT (0) SIT John, Matthew MF) N/A $2,850.00 $ $ 170.26 41.33 Smith, Jennifer 357.30 MF) 57 N/A 275.00 17.05 3.99 Bullen, Catherine 0 MF) 5.50 N/A 250.00 15.50 3.63 0 Matthews, Mary 5.00 MF) N/A 320.25 19.86 4.64 0 Hadt, Bonnie 6.41 S N/A 450.00 27.90 6.53 21 9.00 Camp, Sean S N/A 560.50 34.75 8.13 34 11.21 Aarav, Helen s N/A 475.50 29.48 6.89 25 9.51 Gleason, Josie MF) N/A 890.00 55.18 12.91 41 17.80 Totals $ $6,071.25 $ $ 369.98 88.05 478.30 121.43 Compute the employer's FICA taxes for the pay period ending December 20, 20-- OASDI Taxes HI Taxes OASDI taxable earnings $ 5,966.40 X HI taxable earnings $ 6,071.25 OASDI taxes 369.92 X HI taxes $ 88.03 Total Earnings OASDI (b) FIT HI (C) SIT (a) CIT @) Net Pay $2,850.00 $ $ $ 170.26 41.33 $ 357.30 57 42.75 275.00 2,181.36 x 17.05 3.99 0 5.50 4.13 244.33 250.00 15.50 3.63 o 5.00 3.75 222.12 320.25 19.86 4.64 0 6.41 4.80 284.54 450.00 27.90 6.53 21 9.00 6.75 378.82 560.50 34.75 8.13 34 11.21 8.41 464.00 475.50 29.48 6.89 25 9.51 7.13 397.49 55.18 12.91 41 17.80 13.35 890.00 6,071.25 749.76 $ $ $ $ $ $ 369.98 x 88.05 478.30 121.43 91.07 4,922.42 X the pay period ending December 20, 20--. HI Taxes 40 HI taxable earnings $ 6,071.25 92 HI taxes 88.03
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