1. The names of the employees of Hogan Thrift Shop are listed on the following payroll register. Employees are paid weekly. The marital status and the number of allowances claimed are shown on the payroll register, along with each employee's weekly salary, which has remained the same all year. Complete the payroll register for the payroll period ending December 20, the 51st weekly payday. The state income tax rate is 2% of total earnings, the city income tax rate is 1.5% of the total gross earnings, and the wage-bracket method is used for federal income taxes. Hint: If wages are higher than the last amount on the appropriate wage-bracket table, the percentage method must be used.

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

   Click here to access the Table of Allowance Values.

   Click here to access the Wage-Bracket Method Tables.

   Click here to access the Percentage Method Tables.

   Hogan Thrift Shop Payroll Register
   FOR PERIOD ENDING December 20, 20--					Deductions
   Employee Name	Marital Status	No. of W/H Allowances	Total Earnings
   					(a) FICA		(b)	(c)	(d)	(e)
   					OASDI	HI	FIT	SIT	CIT	Net Pay
   John, Matthew	M	3	$2,524.00		$	$	$	$	$	$
   Smith, Jennifer	S	1	275.00
   Bullen, Catherine	M	0	250.00
   Matthews, Mary	S	3	320.25
   Hadt, Bonnie	S	1	450.00
   Camp, Sean	S	2	560.50
   Wilson, Helen	S	1	475.50
   Gleason, Josie	M	3	890.00
   Totals			$5,745.25		$	$	$	$	$	$

   Compute the employer's FICA taxes for the pay period ending December 20.

   OASDI Taxes		HI Taxes
   OASDI taxable earnings	$	HI taxable earnings	$
   OASDI taxes	$	HI taxes	$

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   a. Using OASDI and HI rates, calculate appropriate taxes considering OASDI ceiling! b. Calculate FIT using Wage Bracket method whenever possible; use Percentage Method if unable to use Wage Bracket method. c. Calculate State Income tax on total earnings using rate given. d. Calculate City Income tax on total earnings using rate given. e. Calculate net pay by subtracting deductions from total earnings. f. Calculate employer's FICA taxes for OASDI and HI using taxable earnings. Consider OASDI