Olney Company is a small manufacturing firm located in Allentown, Pennsylvania. The company has a workforce of both hourly and salaried employees. Each employee is paid for hours actually worked during each week, with the time worked being recorded in quarter-hour increments. The standard workweek consists of 40 hours, with all employees being paid time and one-half for any hours worked beyond the 40 regular hours.

Wages are paid every Friday, with one week’s pay being held back by the company. Thus, the first payday for Olney Company is January 14 for the workweek ending January 8 (Saturday).

The information below will be used in preparing the payroll for the pay period ending January 8, 20--.

Time Card No.	Employee Name	Hourly Wage or Salary
11	Rob A. Mangino	$18.50		per hour
12	Inga C. Flores	19.25		per hour
13	Carson S. Palmetto	17.80		per hour
21	Randy F. Waters	20.70		per hour
22	Cathy T. Kroll	23.80		per hour
31	Carmen V. Ruppert	800		per week
32	William M. Scott	780		per week
33	Sarah A. Wickman	3,500		per month
51	Lucas T. Foley	4,500		per month
99	Marshal W. Olney	78,000		per year

The following instructions are provided:

In the Earnings columns, the wages used to compute FICA have been provided.

In the applicable column, compute each employees OASDI and HI.

For other deductions and net pay, leave entry cells blank.

Below the Payroll Register, complete the Kipley Company register for their OASDI and HI contributions.

Note: Round your final answers to nearest cent.

ONLEY COMPANY Payroll Register
		EARNINGS	DEDUCTIONS								NET PAY
Name	Status / Allow.	Gross	OASDI	HI	SIMPLE	FIT	SIT	SUTA	CIT	Grp. Health	Net Pay
Mangino, R.	S / 1	$740.00	$	$	$	$	$	$	$	$	$
Wilson, W.	S / 0	$1,058.80	$	$	$	$	$	$	$	$	$
Totals			$	$	$	$	$	$	$	$	$

KIPLEY COMPANY, INC. Employer Register
	OASDI	HI	SIMPLE	FIT	SIT	SUTA	CIT	Grp. Health
Totals	$