Homework: Chapter Homework Score: 0.36 of 1 pt 5 of 6 (5 complete)> HW Score: 63.47%, 3.81 of 6 pts P7B-2 (similar to) Question Help August Company has five salaried employees. Your task is to use the following information to prepare a payroll register to calculate net pay for each employee (Click the icon to view the information.) Assume the following 1. FICA OASDI is 6.2% on $117,000: FICA Medicare is 1.45% on all earnings. 2. Each employee contributes $15 biweekly for medical insurance. 3. State inoome tax is 9% of gross pay. 4. FIT is calculated using the federal income tax withholding table included. EEB (Click the icon to view the Single Persons Biweekly Payroll Period federal income tax withholding table.) Prepare a payroll register to calculate net pay for each employee. (Prepare the register for the biweekly payroll period. Round each calaulation to the nearest cent as needed. If a box is not used in the table leave the box empty: do not enter a zero. Abbreviations used: AIlow: Allowances. YTD = Year to date. FIT = Federal Income Tax. SIT = State Income Tax. Exp. = Expense. Med Ins Medical Insurance. For the purposes of this problem, we will ignore the "Taxable FUTA and SUTA Earnings" as well as the "Expense Account Charged information.) Prior EmployeeW Earnings Regular GrossEarnings Allow(YTD) SalaryHoursAmount HoursRate AmountPay 40,000.00 1.300.00 36,000.00 1.100.00 S1 57,400.00 1.250.00 S-2 116,250.00 1.750.00 Acerman, L S-3 29.000.00 1.110.00 278,850.00,510.00 1,300.00 41300.00 1,100.00 37,100.00 1,250.00 58.850.00 1,750.00 118,000.00 1,110.00 30.110.00 8,510.00 285,160.00 Exp. Account Charged Ck Howell, K Ricard, H Blair, B S-1 Taxable Earnings Deductions Employee FUTA FICA Med SUTA OASDI FIT SIT OASDI Medicare 18.85 15.95 18.13 1,300.00 168.00117.00 80.60 88.20 1,250.00 134.00112.5077.50 15.00 902 55 15.00 788.85 15.00 892 87 15.00 15.00 75.00 Dixie, H Howell, K Ricard, H 1.100.00 113.00 99.00 188.00 157.50 99.90 867.00585.90 1.110.0068.00 83.82 Ackerman, L Data Table Allowance and Cumulative Earnings Marital Status Before This Payrol Biweekly Salary Department Dixie, Hailey Howell, Karen Ricard, Hilary Blair, Bobby 40,000 36,000 57,400 118,250 29,000 1,300 Customer Service 1,100 1,250 Office 1,750 Customer Service 1,110 Customer Service Office S-1 S-3 Print Done Homework: Chapter Homework Score: 0.36 of 1 pt 5 of 6 (5 complete)> HW Score: 63.47%, 3.81 of 6 pts P7B-2 (similar to) Question Help August Company has five salaried employees. Your task is to use the following information to prepare a payroll register to calculate net pay for each employee (Click the icon to view the information.) Assume the following 1. FICA OASDI is 6.2% on $117,000: FICA Medicare is 1.45% on all earnings. 2. Each employee contributes $15 biweekly for medical insurance. 3. State inoome tax is 9% of gross pay. 4. FIT is calculated using the federal income tax withholding table included. EEB (Click the icon to view the Single Persons Biweekly Payroll Period federal income tax withholding table.) Prepare a payroll register to calculate net pay for each employee. (Prepare the register for the biweekly payroll period. Round each calaulation to the nearest cent as needed. If a box is not used in the table leave the box empty: do not enter a zero. Abbreviations used: AIlow: Allowances. YTD = Year to date. FIT = Federal Income Tax. SIT = State Income Tax. Exp. = Expense. Med Ins Medical Insurance. For the purposes of this problem, we will ignore the "Taxable FUTA and SUTA Earnings" as well as the "Expense Account Charged information.) Prior EmployeeW Earnings Regular GrossEarnings Allow(YTD) SalaryHoursAmount HoursRate AmountPay 40,000.00 1.300.00 36,000.00 1.100.00 S1 57,400.00 1.250.00 S-2 116,250.00 1.750.00 Acerman, L S-3 29.000.00 1.110.00 278,850.00,510.00 1,300.00 41300.00 1,100.00 37,100.00 1,250.00 58.850.00 1,750.00 118,000.00 1,110.00 30.110.00 8,510.00 285,160.00 Exp. Account Charged Ck Howell, K Ricard, H Blair, B S-1 Taxable Earnings Deductions Employee FUTA FICA Med SUTA OASDI FIT SIT OASDI Medicare 18.85 15.95 18.13 1,300.00 168.00117.00 80.60 88.20 1,250.00 134.00112.5077.50 15.00 902 55 15.00 788.85 15.00 892 87 15.00 15.00 75.00 Dixie, H Howell, K Ricard, H 1.100.00 113.00 99.00 188.00 157.50 99.90 867.00585.90 1.110.0068.00 83.82 Ackerman, L Data Table Allowance and Cumulative Earnings Marital Status Before This Payrol Biweekly Salary Department Dixie, Hailey Howell, Karen Ricard, Hilary Blair, Bobby 40,000 36,000 57,400 118,250 29,000 1,300 Customer Service 1,100 1,250 Office 1,750 Customer Service 1,110 Customer Service Office S-1 S-3 Print Done