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 Salaries Beg Current Ending and Cum Period Cum Income Health United Total Net Chk Wages Earn Earn Earn OASDI Med Tax Ins Way With Pay No Exp $ 82,000 $ 4,400 $ 1,056 $ 88 $ 45 801 128,000 5,000 1,750 100 20 802 60,000 2,400 576 48 0 803 62,500 3,700 1,295 74 50 804 0 2,500 875 50 0 805 $ 332,500 $ 18,000 $ 5,552 $ 360 $ 115 i X More Info For all payroll calculations, use the following tax rates and round amounts to the nearest cent Employee OASDI 6 2 on first $132,900 earned Medicare 1 45 up to $200,000, 2 35 on earnings above $200,000 OASDI 6 2 on first $132,900 earned Medicare 1 45 FUTA 0 6 on first $7,000 earned SUTA 5 4 on first $7,000 earned Employer Print Done

Question

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 Salaries Beg  Current Ending and Cum  Period Cum  Income Health United Total Net Chk Wages Earn  Earn  Earn  OASDI Med  Tax Ins  Way With  Pay No  Exp  $ 82,000 $ 4,400 $ 1,056 $ 88 $ 45 801 128,000 5,000 1,750 100 20 802 60,000 2,400 576 48 0 803 62,500 3,700 1,295 74 50 804 0 2,500 875 50 0 805 $ 332,500 $ 18,000 $ 5,552 $ 360 $ 115 i X More Info For all payroll calculations, use the following tax rates and round amounts to the nearest cent  Employee  OASDI  6 2  on first $132,900 earned  Medicare  1 45  up to $200,000, 2 35  on earnings above $200,000  OASDI  6 2  on first $132,900 earned  Medicare  1 45   FUTA  0 6  on first $7,000 earned  SUTA  5 4  on first $7,000 earned  Employer  Print Done

Accepted Answer

The Answer is in the image, click to view ...

Question

Requirement 1. Complete the payroll register. Round to two decimals. (Round all amounts to the nearest cent. Abbreviations used: Beg. = Beginning; Cum. = Cumulative;

Step by Step Solution

Step: 1

Get Instant Access to Expert-Tailored Solutions

Step: 2

Step: 3

Ace Your Homework with AI

Recommended Textbook for

Analytical Corporate Finance

Students also viewed these Accounting questions

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question