Question
Solve the next problem: Employees nameMarital StatusNumber of withholdings allowance claimedTotal earnings Blue, Mariopn E.Married4334,750 Good Ralph C.Single147,500 Irwin, Robert AMarried045,000 Larue, Stella VSingle350,250 Mayers,
Solve the next problem:
Employees nameMarital StatusNumber of withholdings allowance claimedTotal earnings
Blue, Mariopn E.Married4334,750
Good Ralph C.Single147,500
Irwin, Robert AMarried045,000
Larue, Stella VSingle350,250
Mayers, Charles D.Single156,570
Nash, Donald L.Single 286,480
Syler, John T.Single167,010
Yost, Robert J.Married556,000
Complete the payroll register for the payroll period ending October 2, 2019 showing the following:
a.- Amount to be withheld from each employees earnings under FICA. This pay period ending October 2 is the 40th weekly pay period of the year. Assume that during the year the employees received the same weekly pay.
b.- Amount to be withheld from each employees earnings for federal income taxes (FIT). Use the wage-bracket method to compute the amount to be withheld
c.- Amount to be withheld from each employees earnings for the state income tax (SIT) In this state the entire amount of earnings is subject to a 2% tax.
d.- Amount to be withheld from each employees earnings for the city income tax (CIT). In this city the entire amount of earnings is subject to 1.5% tax.
e.- Net pay for each employee
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started