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For tax purposes, assume that the maximum taxable earnings are $118,500 for Social Security and $7,000 for the unemployment tax and that all earnings are

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For tax purposes, assume that the maximum taxable earnings are $118,500 for Social Security and $7,000 for the unemployment tax and that all earnings are taxable for Medicare, For the payroll register for the month of November for Shelby, Inc., determine the taxable earnings for each employee. If an amount is zero, enter "O". TAXABLE EARNINGS BEGINNING CUMULATIVE EARNINGS ENDING CUMULATIVE TOTAL NAME EARNINGS EARNINGS UNEMPLOYMENT SOCIAL SECURITY MEDICARE Axton, c. 112,800.00 7,691.00 120,491.00 Edgar, E. 145,465.00 10,900.00 156,365.00 Gorman, L. 36,879.00 3,064.00 39,943.00 Jolson, R. 24,634.00 2,325.00 26,959.00 Nixel, P. 6,850.00 2,463.00 9,313.00

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