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Please show the math. Thank you! Requirement 1. Complete the payroll register. Round to two decimals. (Round all amounts to the nearest cent. Abbreviations used:
Please show the math. Thank you!
Requirement 1. Complete the payroll register. Round to two decimals. (Round all amounts to the nearest cent. Abbreviations used: Beg. = Beginning; Cum. = Cumulative; Earn. = Earnings, Exp. = Expense; Med. = Medicare; Ins. = Insurance; With. = Withholdings; Chk = Check.) Earnings Withholdings Data Table Salaries Current and Beg. Cum. Ending Cum. Period Income Health United Total Net Chk Wages Exp. Earnings Withholdings Earn OASDI Med. Tax Ins. Way With. Pay No. Salaries $ 400 $ 80 $ 35 801 Earn. Earn. $ 84,000 $ 4,000 113,000 7,700 52.000 2,300 and 154 30 802 1,925 230 Ending Cumulative Earnings Income Health United Check 46 0 Beginning Current Cumulative Period Earnings Earnings $ 84,000 $ 4.000 803 Total Withholdings Net Pay Wages Expense OASDI Medicare No. 63,000 4,700 1,175 94 30 804 Tax Insurance Way 400 $ 80 $ 35 801 0 4,000 1,000 80 0 805 113,000 7,700 154 30 802 $ 312,000 $ 22,700 $ 4,730 $ 454 $ 95 1,925 230 52.000 2.300 46 803 63,000 4.700 1,175 94 30 804 More Info -X 4.000 1,000 80 805 $ 312,000 $ 22,700 4,730 $ 454 $ 95 For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Print Done Employee Employer: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% on all earnings; FUTA: 0.6% on first $7,000 earned: SUTA: 5.4% on first $7,000 earned Print DoneStep by Step Solution
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