Lake Community College gives its faculty the option of receiving the balance of their contract at the end of the semester on May 17, 20--. The faculty can receive one lump-sum payment instead of receiving the remaining seven biweekly pays over the summer. Use the data given below to complete the Payroll Register on May 17. No employee has reached the OASDI ceiling, and all employees are taking the lump-sum payment. The state withholding rate is 2.0% of total earnings; the city withholding rate is 1.0% of total earnings. The biweekly wage bracket is used for federal income taxes.

To calculate the tax withholdings, you must calculate the rounded tax for each pay and multiply by the number of pays in the lump-sum payment.

Round all values to the nearest cent.

As we go to press, the federal income tax rates for 2022 are being determined by budget talks in Washington and not available for publication. For this edition, the 2021 federal income tax tables for Manual Systems with Forms W-4 from 2020 or later with Standard Withholding and 2021 FICA rates have been used.

Click here to access the Wage-Bracket Method Tables.

For Period Ending May 17, 20--

Employee Name	Filing Status	No. of W/H Allow.	Biweekly Earnings	(a)	Deductions					(f)
				Total Lump-Sum Payment	(b) FICA		(c)	(d)	(e)	Net
					OASDI	HI	FIT	SIT	CIT	Pay
Kinnery, Thomas	S	N/A	$2,000.00	$fill in the blank 1	$fill in the blank 2	$fill in the blank 3	$fill in the blank 4	$fill in the blank 5	$fill in the blank 6	$fill in the blank 7
Matthews, Mary	MFJ	N/A	2,600.00	fill in the blank 8	fill in the blank 9	fill in the blank 10	fill in the blank 11	fill in the blank 12	fill in the blank 13	fill in the blank 14
Grace, Catherine	S	N/A	2,200.00	fill in the blank 15	fill in the blank 16	fill in the blank 17	fill in the blank 18	fill in the blank 19	fill in the blank 20	fill in the blank 21
Michael, Sean	S	N/A	2,060.00	fill in the blank 22	fill in the blank 23	fill in the blank 24	fill in the blank 25	fill in the blank 26	fill in the blank 27	fill in the blank 28
Totals			$8,860.00	$fill in the blank 29	$fill in the blank 30	$fill in the blank 31	$fill in the blank 32	$fill in the blank 33	$fill in the blank 34	$fill in the blank 35

Compute the employer's FICA taxes for the pay period ending May 17, 20--.

OASDI Taxes			HI Taxes
OASDI taxable earnings	$fill in the blank 36		HI taxable earnings	$fill in the blank 37
OASDI taxes	$fill in the blank 38		HI taxes	$fill in the blank 39