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The names of the employees of Cox Security Systems and their regular salaries are shown in the following payroll register. Note that Hall and Short

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The names of the employees of Cox Security Systems and their regular salaries are shown in the following payroll register. Note that Hall and Short are paid monthly on the last payday, while all others are paid weekly In addition to the regular salaries, the company pays an annual bonus based on the amount of earnings for the year. For the current year, the bonus amounts to 8% of the annual salary paid to each employee. The bonus is to be paid along with the regular salaries on the bonus and the amount of the regular salary will be shown separately on each employee's earnings statement. Assume that all employees received their regular salary during the entire year. r 30, but the amount of Prepare the payroll for the pay period ending December 30, showing the following for each employee: Use the wage-bracket method to withhold federal income tax from the regular salaries withhold a flat 25% on the annual bonus. Total salaries and bonuses are subject to a 2% state income tax and a 1% city income tax. SUPPL TOTAL CIT 500 000 M M22 Hall, Michael Short, Joy T Abbott, Linda 20 00 Smith Joseph M4 465 00 Tols, Sean M. M23 80 00 Gillespie, Micheile S 1 35000 Smart, Jennifer M-1 2-1-57 500 Monthly Compute the employer's FICA taxes for the pay period ending December 30 OASDI Taxes HI Taxes OASDI taxable earnings OASDI taxes HI taxable earnings HI taxes

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