PS. ALL THE FEDERAL TAX INCOME ON THE OTHER EXERCISES SOLVED HERE AT GHEGG WERE INCORRECT.

Alpine Company pays its employees time-and-a-half for hours worked in excess of 40 per week. The information available from time cards and employees individual earnings records for the pay period ended October 14 is shown in the following chart:

	Earnings at End	Daily Time							Income Tax
Name	of Previous Week	M	T	W	T	F	S	Pay Rate	Allowances or Amount
Bardin, J.	43,627.00	8	8	8	8	8	2	21.30	2
Caris, A.	44,340.00	8	8	8	8	8	8	21.60	1
Drew, W.	43,845.00	8	10	10	8	8	0	21.50	1
Garen, S.	117,600.00	8	8	8	8	8	0	49.00	$227.83
North, O.	43,875.00	8	8	8	8	8	5	21.40	3
Ovid, N.	40,150.00	8	8	8	8	8	0	21.50	1
Ross, J.	6,430.00	8	8	8	8	8	4	20.50	1
Springer, O.	44,175.00	8	8	8	8	8	3	21.25	2

Taxable earnings for Social Security are based on the first $118,500. Taxable earnings for Medicare are based on all earnings. Taxable earnings for federal and state unemployment are based on the first $7,000. *Round to the nearest penny.

1. Complete the payroll register using the wage-bracket income tax withholding table in

Figure 3

. The Social Security tax rate is 6.2 percent, and the Medicare tax rate is 1.45 percent. Assume that all employees are married. In the payroll register, begin payroll checks with No. 3945.

Additional Instructions

Alpine Company

Payroll Register For Week Ended

October 14, 20--

1

Name

Total Hours

Beginning Cumulative Earnings

Earnings Regular

Earnings Overtime

Earnings Total

Ending Cumulative Earnings

Taxable Earnings Unemployment

Taxable Earnings Social Security

Taxable Earnings Medicare

Deductions Federal Income Tax

Deductions Social Security Tax

Deductions Medicare Tax

Deductions Total

Payments Net Amount

Payments CK. No.

2

Bardin, J.

3

Caris, A.

4

Drew, W.

5

Garen, S.

6

North, O.

7

Ovid, N.

8

Ross, J.

9

Springer, O.

10