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Help me fill out the chart below, requirment 1b. Requirement 16. In preparation for recording the transactions, prepare: Payroll registers for October, November, and December.
Help me fill out the chart below, requirment 1b.
Requirement 16. In preparation for recording the transactions, prepare: Payroll registers for October, November, and December. All employees worked October 1 through December 31 and are subject to the following FICA taxes: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000 Begin by preparing the payroll register for October. (Round all amounts to the nearest cent. Complete all answer boxes. Enter a "0" for any zero balances. Abbreviations used: Beg - Beginning, Cum. = Cumulative, Earn. = Earings; Med. = Medicare; Ins. = Insurance; With. = Withholdings.) Withholdings Beg. Cum. Earn. Earnings Current Period Earnings Ending Cum. Earn. Income Tax Health Ins. Total With. Net Pay OASDI Med. Employee Jacob Schaefer MurrayStep by Step Solution
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