If the bonuses were not included in the problem, I wouldn't have a problem, but the bonuses are throwing me off. <\/p>
At Vision Club Company, office workers are employed for a 40-hour workweek on either an annual or monthly salary basis.<\/p>
Given on the form below are the current annual and monthly salary rates for five office workers for the week ended December 9, 2016 (50th payday of the year.) In addition, with this pay, these employees are paid their sliding -scale annual bonuses. The bonuses are listed on the register.<\/p>
For each worker, compute:<\/p>
a. Regular earnings for the weekly payroll ended December 9, 2016<\/p>
b. Overtime earnings (if applicable)<\/p>
c. Total regular, overtime earnings, and bonus<\/p>
d. FICA taxable wages for this pay period<\/p>
e. FICA taxes to be withheld for this pay period.<\/p>
<\/p>
Vision Club Company<\/p>
Employee Salary Hours Worked Annual Bonus Regular Earnings Overtime Earnings Total Earnings<\/p>
Marx, A. 97,240\/yr 40 30,000<\/p>
Boxer,C. 91,000\/yr 40 25,000<\/p>
Lundy, R. 6,240\/mo. 40 20,000<\/p>
Ruth, B. 4,680\/mo. 40 15,000<\/p>
Gehrig, L. 4,900\/mo. 48 8,000<\/p>
<\/p>
Cumulative Earnings as of Last Pay Period FICA Taxable Wages This Pay Period FICA Taxes to Be Withheld Employee<\/p>
OASDI HI OASDI HI<\/p>
$91,630.00 Marx, A.<\/p>
85,750.00 Boxer, C.<\/p>
70,560.00 Lundy, R.<\/p>
52,920.00 Ruth, B.<\/p>
34890.00 Gehrig, L.<\/p>
Totals<\/p>
<\/p>
Employer's FICA taxes for week ended December 9, 2016: $_________________ $__________________<\/p>
OASDI HI<\/p>
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