TASK II Wednesday, March 5. Prepare a payroll register like that of Illustration 84 of the text. Employees are paid biweekly on the following Wednesday. This payroll is for the two-week period ended Sunday, March 2. Employees are paid time and a half after 40 hours in any wok Prepare the payroll register using (1) Social Security and Medicare rates shown in the text (none of the employees exceed the ceiling for Social Security), (2) the percentage method tables shown below (the tables change from time to time, and these are slightly different from those in the text), and (3) state income tax withholding at 4% of gross pay. Notice you are the last person on the payroll register, assume that you are single, earn $12 an hour, and work part-time CAKUR - Iuo gross Percentare Method, Part 1 One ss - 6.2% Withholding Payroll Period Mali-146 Allowance Weekly 55.77 TL 111.64 22 223.08 Blweekly 11154 Semimonthly 40-223.08 - 1436.92 120 33 241 87 Semily 725.00 FT 178.34 Annually Daily or miscellaneous (each day of the payroll period 11.15 $ - 240= 1185.924. Monthly Quarterly 1.450.00 SIT 2,900.00 Percentage Method, Part 2 BIWEEKLY Payroll Period (a) SINGLE person (including head of household) - 16) MARRIED person of the amount of wages If the amount of wages (after subtracting The amount of income tax subtracting The amount of income tax withholding allowances) is: to withholder withholding allowance is to withholdis Not over $102 $0 Not over $245 SO Over- But not over of excess over Over But not over of en over $102 $1,104 15% $102 5248 $1.919 15% $248 $1,104 $2,392 $150.30.28% $1,104 $1,919 $4,046 $2505528% 51.919 $2,392 $5,323 $510 94.31% $2.392 $4065 56.585 $846.21.31% $4,048 $5,323 $11,500 $1.419.55 -30% $5,323 55.585 $11.617 51.533 30-36% $6.58S $11,500 $3.643.27 39.8% $11,500 $11617 $3.464 82 +3.5% $11.617 - - ! 44 Hours Daduction from employees w 4 Hourly Not Name Info Rate Wk 1 Wk2 Total Gross Pay SS MED FIT Oplan Total Pwy Carta M 2 20.00 40 02 Crockett 1600 10242 210 nes vaid 0:00 Savings 40.131230 Mel S- 17.50 38.5 41 795000 37.20 8.70519124 1127.87|472113 Denison Manu M3 13.75 40 04 11 52.60 133219.15 8998473 2717595476 Holmud Kim S.18.50 40 40 80 1680 42.164.96 16997272 | 149A530.51 Marriot You S-112.00 24 22 146 552 34.229.00 50.11 22.08 115.07434 43 GOHIGA SUS2.99 TOTALS KW 1186510332138 209 210 30 TASK 12 Wednesday, March 5. Write payroll checks. Use check numbers 1312 through 1316. Case Study - Page 5
