For all payroll calculations, use the following tax rates and round amounts to the nearest cent. Employee: OASDI: 6.25% on first $115,500 earned; Medicare:
For all payroll calculations, use the following tax rates and round amounts to the nearest cent. Employee: OASDI: 6.25% on first $115,500 earned; Medicare: 1.35% up to $200,000, 2.35% on earnings above $200,000. Employer: OASDI: 6.25% on first $115,500 earned; Medicare: 1.35%; FUTA: 0.6% on first $8,000 earned; SUTA: 5.8% on first $8,000 earned. District Company had the following partially completed payroll register: REQUIREMENTS: 1. Complete the payroll register Earnings Beginning Current Ending Cumulative Period Cumulative Earnings Earnings Earnings Witholdings Salaries and OASDI Medicare Income Health United Tax Insurance Way Withholdings Total Net Pay Check No. Wages Expense $85,000 $5,900 90900 368.75 79.65 $770 $77 $9 1304.40 4595.60 801 5900 113,400 6,700 120100 418.75 X 90.45 1580 158 20 2267.20 X 4432.80 X 802 6700 35,000 3,300 38300 206.25 44.55 600 60 0 910.80 2389.20803 3300 59,000 3,700 62700 231.25 49.95 800 80 25 1186.20 2513.80804 3700 0 3,000 3000 187.50 40.50 300 30 0 558 2442 805 3000 $292400 $22600 315000 1412.50 X 305.10 $4050 $405 $54 6226.60 X 16373.40 X 22600
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