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 December 26, but the amount of 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.

Prepare the payroll for the pay period ending December 26, 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.

Enter all amounts as positive numbers. Round your intermediate calculations and final answers to the nearest cent.

For Period Ending December 26

PAYROLL REGISTER

FOR PERIOD ENDING

December 30

MARITAL STATUS

NO. OF W/H ALLOW.

EARNINGS

DEDUCTIONS

( a)

( b )

( a )

( b )

( c )

( d )

( e )

EMPLOYEE NAME

REGULAR

SUPP'L.

TOTAL

FICA

NET

OASDI

HI

FIT

SIT

CIT

PAY

Hall, Michael

M

5

(M)

5,000.00

$ 4,800.00

$ 9,800.00

$ 607.60

$142.10

$ 15,900.00

*

$196.00

$ 98.00

Short, Joy T.

M

2

(M)

2,750.00

2,640.00

$ 5,390.00

$ 334.18

$ 78.16

$107.80

$ 53.90

Abbott, Linda

S

1

520.00

Smith, Joseph

M

4

465.00

Tols, Sean M.

M

2

380.00

Gillespie, Michelle

S

1

350.00

Smart, Jennifer

M

2

575.00

White, Matthew J.

S

0

425.00

Totals

10,465.00

Compute the employer's FICA taxes for the pay period ending December 30.

OASDI Taxes

HI Taxes

OASDI taxable earnings

HI taxable earnings

OASDI taxes

HI taxes

(M) indicates monthly pay.