Question
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
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 employees 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 3.1% of total earnings,
the city income tax rate is 1% of the total gross earnings, and the wagebracket
method is used for federal income taxes.
Please explain how you got the Fedaral Income Tax Totals.
MARITAL STATUS | NO. OF W/H ALLOW. | DEDUCTIONS | |||||||||||||
( a ) | ( b ) | ( c ) | ( d ) | ( e ) | |||||||||||
TOTAL | FICA | NET | |||||||||||||
EMPLOYEE NAME | EARNINGS | OASDI | HI | FIT | SIT | CIT | PAY | ||||||||
Gold, Ken | M | 3 | $ 2,080.00 | ||||||||||||
Morton, Cam | S | 1 | 490.00 | ||||||||||||
Wendal, Hal | M | 0 | 675.00 | ||||||||||||
Cox, Debbie | S | 3 | 510.00 | ||||||||||||
Hurley, Don | S | 1 | 1,010.00 | ||||||||||||
Hand, Cheryl | S | 2 | 850.00 | ||||||||||||
Welsh, Ronda | S | 1 | 490.90 | ||||||||||||
Ruiz, Stacy | M | 3 | 611.15 | ||||||||||||
Totals | $ 6,717.05 | ||||||||||||||
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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