Problem 23

Unit 23 Salaries, Wages, and Payroll Deductions ( Table Tools Tara Okeefe OTell me what you want to do Comments File Design References Mailings Review View Help Design Share Home Insert Draw Layout Layout OFind Cut 9 A A Aa- A Arial AaBbCcD AaBbCcD AaBbCcD A2BBCCDC AaBbC Replace Paste Copy Format Painter Dictate Heading 1 x xA: A 1 List Para 1No Spac.. Table Par. I U Bady Text Select Clipboard Paragraph Styles Editing Voice Font ASSIGNMENT 23 Note: For all assignments in this unit, assume a time-and-a-half overtime rate for work above forty hours an OASDI FICA rate of 6.2% with ceiling (base) of $118,500, and a Medicare FICA rate no ceiling. f 1.45% with Complete a payroll summary through gross pay. Complete the May 14 payroll summary for Bradlee Company by computing regular time, overtime, regular pay, overtime pay, and gross pay for each of the company's employees (fill in the shaded areas). PAYROLL WEEK ENDING May 14, XXX1 WAGES OVER TIME PAY DAYS AND HOURS REG WAGE REGULAR GROSS EMPLOYEE NAME OVER TIME sM PAY PAY TIME RATF $16.00 8 8 1 Gail Wyche 2 David McCoy 20.00 8 F 16 80 Donna Droby 8 8 8 8 6 17.40 Karen Johnson 17.80 5 Paul Lowe Mark Naugher 8 8 23.00 Compute gross pay subject to OASDI and IC xes Using the information below find the gross pay subject to OASDI and Medicare FICA deductions in each f the cases listed below (fill the shaded areas). Page 1 of 14 4740 words 6:31 PM O Type here to search 6/28/2019 Unit 23 Salaries, Wages, and Payroll Deductions Table Tools Tara Okeefe OTell me what you want to do Comments File Design References Mailings Review View Help Design Share Home Insert Draw Layout Layout OFind Cut 9 A A Aa- A Arial AaBbCcD AaBbCcD AaBbCcD A2BBCCDC AaBbC Replace Paste Copy Format Painter EEE E Dictate XxA-. A Heading 1 Bady Text 1No Spac.. Table Par. 1 LUst Para. Select B IU Clipboard Paragraph Styles Editing Voice Font NAME OF EMPLOYEE DE GROSS w WAGE SM STID TIt 1 Gail Wyche 8 8 88- $16.00 2 David McCoy 8 88 20.00 8 84 B Donna Droby 16.80 8 84 8 6 8 6 17.40 8 t Karen Johnson 5 Paul Lowe 17.80 8 Mark Naugher 8 8 88 8: 23.00 Compute gross pay subject to OASDI and Medicare FICA taxes. Using the information below find the gross pay subject to OASDI and Medicare FICA deductions in each the shaded areas). f the cases listed below (fill Gross Pay Subject to OASDI FICA Deduction This Payroll Period Gross Pay Subject to Year-to-Date Gross Pay Employee Number Gross Pay This Payroll Period dicare FiCA Deduction This Payroll Period Me $5,000 $119,500 112.880 7,000 3 110.500 9.000 4 10.000 90,500 100,500 15,000 118.500 6.000 Page 1 of 14 4740 words 6:31 PM O Type here to search 6/28/2019 Unit 23 Salaries, Wages, and Payroll Deductions Table Tools Tara Okeefe OTell me what you want to do Comments File Design References Mailings Review View Help Design Share Home Insert Draw Layout Layout OFind Cut 9 A A Aa- A Arial AaBbCcD AaBbCcD AaBbCcD A2BBCCDC AaBbC Replace Paste Copy Format Painter Dictate T List Para. Heading 1 axxA A Bady Text 1No Spac.. Table Par. Select B IU Clipboard Paragraph Styles Editing Voice Font Prepare a payroll summary through gross pay, wages subject to OASDI and HI taxes, and OASDI and HI deductions. Using the information below for Bradlee Company, complete the payroll sheet for the f November 16 (fill in the shaded areas]). week PAYROLL WEEK ENDING November 16, XXX1 NAME OF DAYS AND HOURS WAGES EMPLOYEE REGULAR OVE TIMD GROSS ..... sMTw R AIE 1 Gail Wyche $25.40 David McCoy 8 8 8 8 8 20.00 3 Donna Droby 28.80 8 8 88 8 Karen Johnson 18.40 8 4 78 8 16.00 88 8 5 Paul Lowe 8 6 Mark Naughen 88878 3 28.00 YEAR-TO-DATE OASDI MEDICARE DEDUCATION URIECLIO GROSS PAY SUBJECT TO GROSS PAY DEDUCTION OASDI MEDICARE 1 Gail Wyche $119,500 117,880 965.20 2 David McCoy 860.00 3 Donna Droby 1,232.80 116,500 Karen Johnon 118,500 644.00 5 Paul I 664.00 117,500 we 1 204 00. Mark Naugher 118.340 Comnuto fedoralincomataxwithholding (EIT ex EITWIHeinatho inferoation.aiuam helaw fon Page 2 of 14 4740 words 6:31 PM Type here to search 6/28/2019 Unit 23 Salaries, Wages, and Payroll Deductions Table Tools Tara Okeefe OTell me what you want to do Comments File Design References Mailings Review View Help Design Share Home Insert Draw Layout Layout OFind Cut 9 A A Aa- A Arial AaBbCcD AaBbCcD AaBbCcD A2BBCCDC AaBbC Replace Paste Copy Format Painter Dictate X, xA- -A Heading 1 1No Spac.. Table Par Bady Text T List Para. Select B IU Clipboard Paragraph Styles Editing Voice Font GROSS PAY SUBJECT TO MEDICARE DEDUCTI DEDUCATION GROSS PAY SUBJECT TO ON OASDI 1 Gail Wyche $119,500 965.20 2 David McCoy 117,880 860.00 3 Donna Droby 116,500 1,232.80 Karen Johnson B44.00 118,500 5 Paul Lowe 6 Mark Naugher 117,500 118,340 684.00 1.204.00 Compute federal income tax withholding (FIT or FITW).Using the information given below for Bradlee Company and the appropriate tax table, indicate the amount of income tax to be withheld from gross pay for each employee (fill in the shaded areas). All employees are paid on a weekly basis Marital Status/ Employee Number Gross Pay S 640 Income Tax to be Withheld Allowances Married 2 920 Married 0 Married 5 1.004 Married 5 786 Married 808 1,014 7 Married 722 Married C Married 2 830 Married 6 10 974 C Page 2 of 14 4740 words 6:31 PM O Type here to search f 6/28/2019 Unit 23 Salaries, Wages, and Payroll Deductions ( Table Tools Tara Okeefe OTell me what you want to do Comments File Design References Mailings Review View Help Design Share Home Insert Draw Layout Layout OFind Cut 9 A A Aa- A Arial AaBbCcD AaBbCcD AaBbCcD A2BBCCDC AaBbC Replace Paste Copy Format Painter Dictate Heading 1 x xA: A 1 List Para 1No Spac.. Table Par. I U Bady Text Select Clipboard Paragraph Styles Editing Voice Font ASSIGNMENT 23 Note: For all assignments in this unit, assume a time-and-a-half overtime rate for work above forty hours an OASDI FICA rate of 6.2% with ceiling (base) of $118,500, and a Medicare FICA rate no ceiling. f 1.45% with Complete a payroll summary through gross pay. Complete the May 14 payroll summary for Bradlee Company by computing regular time, overtime, regular pay, overtime pay, and gross pay for each of the company's employees (fill in the shaded areas). PAYROLL WEEK ENDING May 14, XXX1 WAGES OVER TIME PAY DAYS AND HOURS REG WAGE REGULAR GROSS EMPLOYEE NAME OVER TIME sM PAY PAY TIME RATF $16.00 8 8 1 Gail Wyche 2 David McCoy 20.00 8 F 16 80 Donna Droby 8 8 8 8 6 17.40 Karen Johnson 17.80 5 Paul Lowe Mark Naugher 8 8 23.00 Compute gross pay subject to OASDI and IC xes Using the information below find the gross pay subject to OASDI and Medicare FICA deductions in each f the cases listed below (fill the shaded areas). Page 1 of 14 4740 words 6:31 PM O Type here to search 6/28/2019 Unit 23 Salaries, Wages, and Payroll Deductions Table Tools Tara Okeefe OTell me what you want to do Comments File Design References Mailings Review View Help Design Share Home Insert Draw Layout Layout OFind Cut 9 A A Aa- A Arial AaBbCcD AaBbCcD AaBbCcD A2BBCCDC AaBbC Replace Paste Copy Format Painter EEE E Dictate XxA-. A Heading 1 Bady Text 1No Spac.. Table Par. 1 LUst Para. Select B IU Clipboard Paragraph Styles Editing Voice Font NAME OF EMPLOYEE DE GROSS w WAGE SM STID TIt 1 Gail Wyche 8 8 88- $16.00 2 David McCoy 8 88 20.00 8 84 B Donna Droby 16.80 8 84 8 6 8 6 17.40 8 t Karen Johnson 5 Paul Lowe 17.80 8 Mark Naugher 8 8 88 8: 23.00 Compute gross pay subject to OASDI and Medicare FICA taxes. Using the information below find the gross pay subject to OASDI and Medicare FICA deductions in each the shaded areas). f the cases listed below (fill Gross Pay Subject to OASDI FICA Deduction This Payroll Period Gross Pay Subject to Year-to-Date Gross Pay Employee Number Gross Pay This Payroll Period dicare FiCA Deduction This Payroll Period Me $5,000 $119,500 112.880 7,000 3 110.500 9.000 4 10.000 90,500 100,500 15,000 118.500 6.000 Page 1 of 14 4740 words 6:31 PM O Type here to search 6/28/2019 Unit 23 Salaries, Wages, and Payroll Deductions Table Tools Tara Okeefe OTell me what you want to do Comments File Design References Mailings Review View Help Design Share Home Insert Draw Layout Layout OFind Cut 9 A A Aa- A Arial AaBbCcD AaBbCcD AaBbCcD A2BBCCDC AaBbC Replace Paste Copy Format Painter Dictate T List Para. Heading 1 axxA A Bady Text 1No Spac.. Table Par. Select B IU Clipboard Paragraph Styles Editing Voice Font Prepare a payroll summary through gross pay, wages subject to OASDI and HI taxes, and OASDI and HI deductions. Using the information below for Bradlee Company, complete the payroll sheet for the f November 16 (fill in the shaded areas]). week PAYROLL WEEK ENDING November 16, XXX1 NAME OF DAYS AND HOURS WAGES EMPLOYEE REGULAR OVE TIMD GROSS ..... sMTw R AIE 1 Gail Wyche $25.40 David McCoy 8 8 8 8 8 20.00 3 Donna Droby 28.80 8 8 88 8 Karen Johnson 18.40 8 4 78 8 16.00 88 8 5 Paul Lowe 8 6 Mark Naughen 88878 3 28.00 YEAR-TO-DATE OASDI MEDICARE DEDUCATION URIECLIO GROSS PAY SUBJECT TO GROSS PAY DEDUCTION OASDI MEDICARE 1 Gail Wyche $119,500 117,880 965.20 2 David McCoy 860.00 3 Donna Droby 1,232.80 116,500 Karen Johnon 118,500 644.00 5 Paul I 664.00 117,500 we 1 204 00. Mark Naugher 118.340 Comnuto fedoralincomataxwithholding (EIT ex EITWIHeinatho inferoation.aiuam helaw fon Page 2 of 14 4740 words 6:31 PM Type here to search 6/28/2019 Unit 23 Salaries, Wages, and Payroll Deductions Table Tools Tara Okeefe OTell me what you want to do Comments File Design References Mailings Review View Help Design Share Home Insert Draw Layout Layout OFind Cut 9 A A Aa- A Arial AaBbCcD AaBbCcD AaBbCcD A2BBCCDC AaBbC Replace Paste Copy Format Painter Dictate X, xA- -A Heading 1 1No Spac.. Table Par Bady Text T List Para. Select B IU Clipboard Paragraph Styles Editing Voice Font GROSS PAY SUBJECT TO MEDICARE DEDUCTI DEDUCATION GROSS PAY SUBJECT TO ON OASDI 1 Gail Wyche $119,500 965.20 2 David McCoy 117,880 860.00 3 Donna Droby 116,500 1,232.80 Karen Johnson B44.00 118,500 5 Paul Lowe 6 Mark Naugher 117,500 118,340 684.00 1.204.00 Compute federal income tax withholding (FIT or FITW).Using the information given below for Bradlee Company and the appropriate tax table, indicate the amount of income tax to be withheld from gross pay for each employee (fill in the shaded areas). All employees are paid on a weekly basis Marital Status/ Employee Number Gross Pay S 640 Income Tax to be Withheld Allowances Married 2 920 Married 0 Married 5 1.004 Married 5 786 Married 808 1,014 7 Married 722 Married C Married 2 830 Married 6 10 974 C Page 2 of 14 4740 words 6:31 PM O Type here to search f 6/28/2019