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The bookkeeper of Triad Co. gathered the following data from individual employee earnings records and daily time cards. Your task is to complete a
The bookkeeper of Triad Co. gathered the following data from individual employee earnings records and daily time cards. Your task is to complete a payroll register on October 13. (Round deductions to the nearest cent as needed. If a box is not used in the table leave the box empty; do not enter a zero. Abbreviations used: Allow. = Allowances, YTD = Year to date, FIT = Federal Income Tax, SIT = State Income Tax, Exp. = Expense.) (Click the icon to view the data.) (Click the icon to view the assumptions.) Prior Employee W-4 Earnings Regular Overtime Gross Current Earnings More info Name Allow. (YTD) Salary Hours Rate Amount Hours Rate Amount Pay (YTD) Rock, P. M-1 Pitt, D. S-0 Cage, R. M-3 Wade, J. S-1 Taxable Earnings Deductions Exp. Account Charged Employee FUTA/ FICA Med. Net Ck. Name SUTA OASDI FIT SIT OASDI Medicare Ins. Pay Office Sales Dock D Assume the following: 1. FICA OASDI is 6.2% on $127,200; FICA Medicare is 1.45% on all earnings. 2. Federal income tax has been calculated from a weekly table for you. 3. Each employee contributes $32 weekly for health insurance. 4. Overtime is paid at a rate of 1.5 over 40 hours. 5. Rock and Cage work in the office; the other employees work in sales. Print Done
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