Question
The names of the employees of Matson Office Systems and their regular salaries are shown in the following payroll register. Note that Wayne and Young
The names of the employees of Matson Office Systems 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 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 27, 20--, 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 27, 20--, showing the following for each employee:
- Use thewage-bracket methodto withhold federal income tax from the regular salaries.
- Withhold a flat 22% 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 answers to the nearest cent.
Click here to access the Wage-Bracket Method Tables.
For Period Ending December 27, 20--
Employee NameNo. ofEarningsDeductionsMaritalW/H(a)(b)(c) FICA(d)(e)(f)(g)StatusAllowancesRegularSupp'lTotalOASDIHIFITSITCITNet PayWayne, BretM5$3,000.00*$fill in the blank 1
$fill in the blank 2
$fill in the blank 3
$fill in the blank 4
$fill in the blank 5
$fill in the blank 6
$fill in the blank 7
$fill in the blank 8
Young, GinaM22,500.00*fill in the blank 9
fill in the blank 10
fill in the blank 11
fill in the blank 12
fill in the blank 13
fill in the blank 14
fill in the blank 15
fill in the blank 16
Course, RudyS1810.00fill in the blank 17
fill in the blank 18
fill in the blank 19
fill in the blank 20
fill in the blank 21
fill in the blank 22
fill in the blank 23
fill in the blank 24
Dickson, EmileM4715.00fill in the blank 25
fill in the blank 26
fill in the blank 27
fill in the blank 28
fill in the blank 29
fill in the blank 30
fill in the blank 31
fill in the blank 32
Woodrow, WaltM2695.00fill in the blank 33
fill in the blank 34
fill in the blank 35
fill in the blank 36
fill in the blank 37
fill in the blank 38
fill in the blank 39
fill in the blank 40
Noblet, JimS1525.00fill in the blank 41
fill in the blank 42
fill in the blank 43
fill in the blank 44
fill in the blank 45
fill in the blank 46
fill in the blank 47
fill in the blank 48
Ono, JoanM2800.00fill in the blank 49
fill in the blank 50
fill in the blank 51
fill in the blank 52
fill in the blank 53
fill in the blank 54
fill in the blank 55
fill in the blank 56
Jones, CarrieS0645.00fill in the blank 57
fill in the blank 58
fill in the blank 59
fill in the blank 60
fill in the blank 61
fill in the blank 62
fill in the blank 63
fill in the blank 64
Totals$fill in the blank 65
$fill in the blank 66
$fill in the blank 67
$fill in the blank 68
$fill in the blank 69
$fill in the blank 70
$fill in the blank 71
$fill in the blank 72
$fill in the blank 73
*Monthly
Compute the employer's FICA taxes for the pay period ending December 27, 20--.
OASDI TaxesHI TaxesOASDI taxable earnings$fill in the blank 74
HI taxable earnings$fill in the blank 75
OASDI taxes$fill in the blank 76
HI taxes$fill in the blank 77
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