Instructions

Help Sophia complete the payroll register started in $14-4$ Exercise A$.$ Employees are paid semimonthly, on the $15$th$,$ and last day of the month. Use the following assumptions to complete the payroll register $($some of the calculations have been completed for you$)$:

Assumptions:

The company offers a company$-$sponsored traditional $401(k)$ plan.

Employee$-$paid health insurance premium $=$$$\frac{125}{?}$ paycheck.

Federal & State tax withholding percentages are based on the withholding tables below.

Filing status and allowances are represented as a code. i$.$e$.S1=$ Single $+1$ withholding allowance; and M$2=$ Married $+2$ withholding allowances.

Social Security tax rate: $6\mathrm{.}2\%$

Medicare tax rate: $1\mathrm{.}45\%$

Round all answers to the two decimal places.

$\backslash$table$[[,$Federal Withholding Table $(\%$