The SUTA (UI) rate for Wayland Custom Woodworking is 2.6 percent on the first $35,300. The state withholding rate is 4.95 percent

October 31

October 31 is the end of the final pay period for the month. Employee pay will be disbursed on November 4, 2019. Compute the employee pay below. Update the Employees' Earnings Records for the period's pay and update the YTD amount. Any hours exceeding 96 during this pay period are considered overtime for nonexempt employees. Remember that the employees are paid semi-monthly.

Compute the gross earnings for regular and overtime pay for each employee for the October 31 pay period. Remember that while an hourly rate is shown for all employees, the regular pay for exempt employees should be calculated by taking their yearly salary and dividing it by the number of semimonthly pay periods in a year. The pay rates for each employee have been given from the prior period. (Round your answers to 2 decimals.)

Last Name	Hourly Rate (Rounded to 5 Decimals)	Pay Period Hours 10/16-10/31	Regular	Overtime	Commission
Chinson	$11.53846	96 hours (exempt)			$1,750.00
Wayland	$36.05769	96 hours (exempt)
Peppinico	$20.91346	96 hours (exempt)
Varden	$20.19231	100 hours
Hissop	$23.79808	103 hours
Success	$17.30769	98 hours

	Name		M/S	# of W/H	Hourly Rate	No of Regular Hours	No of Overtime Hours	No of Holiday Hours	Commissions	Gross Earnings	401(k)	Insurance	Taxable Wages for Federal W/H	Taxable Wages for FICA
	Anthony Chinson		M	1	$11.53846						3% of gross	$50
	Mark Wayland		M	5	$36.05769						6%	$75
	Sylvia Peppinico		M	7	$20.91346						$50 per paycheck	$75
	Stevon Varden		M	2	$20.19231						4%	$50
	Leonard Hissop		S	4	$23.79808						3%	$75
	Student F Success		S	1	$17.30769						3%	$50
	Totals
	Name		Gross Earning		Taxable Wages for Federal W/H	Taxable Wages for FICA	Federal W/H	Social Security Tax	Medicare W/H	State W/H Tax	Net Pay	Check No.
	Anthony Chinson											174556
	Mark Wayland											174557
	Sylvia Peppinico											174558
	Stevon Varden											174559
	Leonard Hissop											174560
	Student F Success											174561
	Totals									$0.00	$0.00