The names of the employees of Matson Office Susems and their regular salaries are shown in the following payroll register. Note that Wayne and Young 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 (Suppl) 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 28, and the amount of the regular salary will be shown separately on each employees earnings statement. Assume that all employees received their regular salary during the entire year. Directions Prepare the payroll for the payperiod ending Decemer 28, showing the following for each employees 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. December 28, 20xx DEDUCTIONS FOR PERIOD ENDING DECEMBER 28, 20XX Earnings (c) FICA (d) (a) Supplemental Totals HI OASDI FIT SIT CIT EMPLOYEE NAME Wayne, Bret Young, Gina Course, Rudy MARITAL STATUS M M S # OF ALLOWANC ES REGULAR 5 4200.00 4150.00 810.00 December 28, 20x FOR PERIOD ENDING DECEMBER 28, 20XX DEDUCTIONS FICA # OF ALLOWANC MARITAL STATUS M (a) Supplemental Totals QASDI EMPLOYEE NAME Wayne, Bret Young, Gina Course, Rudy Dickinson, Emile Woodrow Walt Noblet Jim Ono, Joan lones, Carle Totals si M REGULAR 4200.00 4150.00 810.00 714.00 694.00 525.00 800.00 65.00 1 2 0 **Monthly Compute the eployer's FICA taxes for the pay period ending December 28 OASI TAXES OASDitamable Earnings OASDI taxes HI TAXES Hi taxable Earnings Hi taxes The names of the employees of Matson Office Susems and their regular salaries are shown in the following payroll register. Note that Wayne and Young 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 (Suppl) 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 28, and the amount of the regular salary will be shown separately on each employees earnings statement. Assume that all employees received their regular salary during the entire year. Directions Prepare the payroll for the payperiod ending Decemer 28, showing the following for each employees 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. December 28, 20xx DEDUCTIONS FOR PERIOD ENDING DECEMBER 28, 20XX Earnings (c) FICA (d) (a) Supplemental Totals HI OASDI FIT SIT CIT EMPLOYEE NAME Wayne, Bret Young, Gina Course, Rudy MARITAL STATUS M M S # OF ALLOWANC ES REGULAR 5 4200.00 4150.00 810.00 December 28, 20x FOR PERIOD ENDING DECEMBER 28, 20XX DEDUCTIONS FICA # OF ALLOWANC MARITAL STATUS M (a) Supplemental Totals QASDI EMPLOYEE NAME Wayne, Bret Young, Gina Course, Rudy Dickinson, Emile Woodrow Walt Noblet Jim Ono, Joan lones, Carle Totals si M REGULAR 4200.00 4150.00 810.00 714.00 694.00 525.00 800.00 65.00 1 2 0 **Monthly Compute the eployer's FICA taxes for the pay period ending December 28 OASI TAXES OASDitamable Earnings OASDI taxes HI TAXES Hi taxable Earnings Hi taxes
