They flow into one question, just broken up into parts.

pSa 2-4 Calculate Weekly Gross Pay Calculate gross pay (regular earnings + overtime earnings) for each of the following employees. Every employee hourly overtime wages that are 1.5 times greater than his/her regular wage rate. Luisa Williams earns $7.50/hour and worked 44 hours during the most recent week. 2. Jonathan Olsen earns $9.10/hour and worked 47 hours during the most recent week. 3. Nathan Upton earns $11.80/hour and worked 42 hours during the most recent week. 4. Juan Rodriguez earns $14/hour and worked 48 hours during the most recent week. 5. Drew Painter earns $16.60/hour and worked 51 hours during the most recent week. Psa 2-12 Populate a Payroll Register Complete the top portion and earnings section of a payroll register for the five employees in PS2.4 associated pay period ends on 9/9/2018, with paychecks being printed and distributed six days later Psa 3-8 Populate a Payroll Register This problem is a continuation of exercise PSa 2-12 from Chapter 2. Complete the Federal Withholding Tax (wage bracket method) and State Withholding Tax columns of the part register for the five employees whose information was provided in PSa 2-4 and PSa 2-12. The state incom tax withholding rate is 5% of taxable pay, with taxable pay being the same for federal and state income tax withholding. Additional information for each employee is provided below. Luisa Williams makes a 401(k) retirement plan contribution of 14% of gross pay each period. Jonathan Olsen participates in a cafeteria plan, to which he pays $100 each period. Nathan Upton does not make any voluntary deductions each period. Juan Rodriguez makes a 403(b) retirement plan contribution of 13% of gross pay. Drew Painter participates in a flexible spending account, to which he contributes $50 each period. Although you will further modify the Voluntary Withholdings column in the next chapter, you should complete this column (along with the FWT and SWT columns) based on the information provided above. PSa 4-6 Populate a Payroll Register This problem is a continuation of exercise PSa 3-8 from Chapter 3. Complete the remaining columns of the payroll register for the five employees whose information was in PSa 2-4, PSa 2-12, and PSa 3-8. All employees work in a state that does not require the withholding of disability insurance, and none of the employees files a tax return under married filing separately status. Additional information for each employee is provided below: Luisa Williams voluntarily deducts life insurance of $15 and a charitable contribution of $5 each pay period Her year-to-date taxable earnings for Social Security tax, prior to the current pay period, are $82,600, and she is paid with check #0500. Jonathan Olsen voluntarily deducts a charitable contribution of $10 each pay period. His year-to-date taxable earnings for Social Security tax, prior to the current pay period, are $31,550, and he is paid with check #0501. Nathan Upton does not make any voluntary deductions each period. His year-to-date taxable earnings for Social Security tax, prior to the current pay period, are $127,920, and he is paid with check #0502 Juan Rodriguez voluntarily deducts life insurance of $25 each pay period. His year-to-date taxable earnings! for Social Security tax, prior to the current pay period, are $134,500, and he is paid with check #0503. Drew Painter voluntarily deducts life insurance of $20 and a charitable contribution of $25 each pay period. His year-to-date taxable earnings for Social Security tax, prior to the current pay period, are $51,750, and he is paid with check #0504. h ml Social Security Tax 02 nov zanima od Also referred to as OASDI (old age, survivors, and disability insurance), Social Security tax was initially established to provide employees with retirement benefits. Over time the program was expanded to provide financial support to employees survivors and to disabled employees. Initially, the Social Security tax rate was 1% of taxable earnings. This rate was in place from 1937-1949, after which it has steadily increased over the years. A number of credits have, for certain years, been passed into law, and have reduced the effective Social Security tax rate remitted on the employee's behalf. The most recent tax rates (before taking these credits into account) are shown here. Year(s) Social Security Tax Rate Year(s) Social Security Tax Rate 1974-1977 1982-1983 4.95% 5.05% 5.40% 5.70% 1978 1984-1987 1988-1989 1979-1980 1981 5.08% 5.35% 6.06% 6.20% 1990-2018 NOTE! Whereas employees are permitted to increase federal and state income tax withholdings by a set amount each pay period, this is neither necessary nor permissible for Social Security tax. e Social Security Wage Base Aside from the applicable Social Security tax rate, which is presently 6.2%, you must also consider the earnings threshold over which Social Security tax is not levied. Once an employee's year-to-date taxable earnings reaches this threshold (referred to as the Social Security wage base), no further Social Security tax is withheld until the beginning of the following year. The result is that no Social Security tax is paid by the employee after that employee earns a specified amount during the year. From 1937-1950, the first wage base was $3,000. Therefore, Social Security tax was levied on the first $3,000 earned by each employee during these years. Annual earnings above $3,000 for each employee were not subject to the tax. Similar to the Social Security tax rate, the wage base has increased steadily since that time. As of 2018, the wage base is $128,400. Year(s) Social Security Wage Base Year(s) Social Security Wage Base 2006 $94,200 2007 $97,500 2008 $102,000 2009-2011 $106,800 2012 $110,100 2013 $113,700 2014 $117,000 2015-2016 $118,500 2017 $127,200 2018 $128,400 Calculating Social Security Tax Here we will review how to calculate Social Security tax. In Chapter 6 examine how Social Security tax is reported on a quarterly basis within Form and on an annual basis within Forms W-2 and W-3. To calculate an employee Social Security tax, the employer must undertake a four-step process, outlined below: Step 1: Determine current period taxable earnings for Social Security tax. Step 2: Add the Step 1 result to the year-to-date taxable earnings for Social Security tax. Step 3: . If the Step 2 result exceeds the Social Security wage base, determine the amount by which it is higher and subtract this amount from the Step result. Your new amount (if it is positive) is used to determine Soda Security tax in Step 4 (a negative result indicates that $0 should be in Step 4). . If the Step 2 result does not exceed the Social Security way the Step 1 result when determining Social Security tax in Step Step 4: Multiply the current 6.2% tax rate by the Step 3 result. eed the Social Security wage base, use pSa 2-4 Calculate Weekly Gross Pay Calculate gross pay (regular earnings + overtime earnings) for each of the following employees. Every employee hourly overtime wages that are 1.5 times greater than his/her regular wage rate. Luisa Williams earns $7.50/hour and worked 44 hours during the most recent week. 2. Jonathan Olsen earns $9.10/hour and worked 47 hours during the most recent week. 3. Nathan Upton earns $11.80/hour and worked 42 hours during the most recent week. 4. Juan Rodriguez earns $14/hour and worked 48 hours during the most recent week. 5. Drew Painter earns $16.60/hour and worked 51 hours during the most recent week. Psa 2-12 Populate a Payroll Register Complete the top portion and earnings section of a payroll register for the five employees in PS2.4 associated pay period ends on 9/9/2018, with paychecks being printed and distributed six days later Psa 3-8 Populate a Payroll Register This problem is a continuation of exercise PSa 2-12 from Chapter 2. Complete the Federal Withholding Tax (wage bracket method) and State Withholding Tax columns of the part register for the five employees whose information was provided in PSa 2-4 and PSa 2-12. The state incom tax withholding rate is 5% of taxable pay, with taxable pay being the same for federal and state income tax withholding. Additional information for each employee is provided below. Luisa Williams makes a 401(k) retirement plan contribution of 14% of gross pay each period. Jonathan Olsen participates in a cafeteria plan, to which he pays $100 each period. Nathan Upton does not make any voluntary deductions each period. Juan Rodriguez makes a 403(b) retirement plan contribution of 13% of gross pay. Drew Painter participates in a flexible spending account, to which he contributes $50 each period. Although you will further modify the Voluntary Withholdings column in the next chapter, you should complete this column (along with the FWT and SWT columns) based on the information provided above. PSa 4-6 Populate a Payroll Register This problem is a continuation of exercise PSa 3-8 from Chapter 3. Complete the remaining columns of the payroll register for the five employees whose information was in PSa 2-4, PSa 2-12, and PSa 3-8. All employees work in a state that does not require the withholding of disability insurance, and none of the employees files a tax return under married filing separately status. Additional information for each employee is provided below: Luisa Williams voluntarily deducts life insurance of $15 and a charitable contribution of $5 each pay period Her year-to-date taxable earnings for Social Security tax, prior to the current pay period, are $82,600, and she is paid with check #0500. Jonathan Olsen voluntarily deducts a charitable contribution of $10 each pay period. His year-to-date taxable earnings for Social Security tax, prior to the current pay period, are $31,550, and he is paid with check #0501. Nathan Upton does not make any voluntary deductions each period. His year-to-date taxable earnings for Social Security tax, prior to the current pay period, are $127,920, and he is paid with check #0502 Juan Rodriguez voluntarily deducts life insurance of $25 each pay period. His year-to-date taxable earnings! for Social Security tax, prior to the current pay period, are $134,500, and he is paid with check #0503. Drew Painter voluntarily deducts life insurance of $20 and a charitable contribution of $25 each pay period. His year-to-date taxable earnings for Social Security tax, prior to the current pay period, are $51,750, and he is paid with check #0504. h ml Social Security Tax 02 nov zanima od Also referred to as OASDI (old age, survivors, and disability insurance), Social Security tax was initially established to provide employees with retirement benefits. Over time the program was expanded to provide financial support to employees survivors and to disabled employees. Initially, the Social Security tax rate was 1% of taxable earnings. This rate was in place from 1937-1949, after which it has steadily increased over the years. A number of credits have, for certain years, been passed into law, and have reduced the effective Social Security tax rate remitted on the employee's behalf. The most recent tax rates (before taking these credits into account) are shown here. Year(s) Social Security Tax Rate Year(s) Social Security Tax Rate 1974-1977 1982-1983 4.95% 5.05% 5.40% 5.70% 1978 1984-1987 1988-1989 1979-1980 1981 5.08% 5.35% 6.06% 6.20% 1990-2018 NOTE! Whereas employees are permitted to increase federal and state income tax withholdings by a set amount each pay period, this is neither necessary nor permissible for Social Security tax. e Social Security Wage Base Aside from the applicable Social Security tax rate, which is presently 6.2%, you must also consider the earnings threshold over which Social Security tax is not levied. Once an employee's year-to-date taxable earnings reaches this threshold (referred to as the Social Security wage base), no further Social Security tax is withheld until the beginning of the following year. The result is that no Social Security tax is paid by the employee after that employee earns a specified amount during the year. From 1937-1950, the first wage base was $3,000. Therefore, Social Security tax was levied on the first $3,000 earned by each employee during these years. Annual earnings above $3,000 for each employee were not subject to the tax. Similar to the Social Security tax rate, the wage base has increased steadily since that time. As of 2018, the wage base is $128,400. Year(s) Social Security Wage Base Year(s) Social Security Wage Base 2006 $94,200 2007 $97,500 2008 $102,000 2009-2011 $106,800 2012 $110,100 2013 $113,700 2014 $117,000 2015-2016 $118,500 2017 $127,200 2018 $128,400 Calculating Social Security Tax Here we will review how to calculate Social Security tax. In Chapter 6 examine how Social Security tax is reported on a quarterly basis within Form and on an annual basis within Forms W-2 and W-3. To calculate an employee Social Security tax, the employer must undertake a four-step process, outlined below: Step 1: Determine current period taxable earnings for Social Security tax. Step 2: Add the Step 1 result to the year-to-date taxable earnings for Social Security tax. Step 3: . If the Step 2 result exceeds the Social Security wage base, determine the amount by which it is higher and subtract this amount from the Step result. Your new amount (if it is positive) is used to determine Soda Security tax in Step 4 (a negative result indicates that $0 should be in Step 4). . If the Step 2 result does not exceed the Social Security way the Step 1 result when determining Social Security tax in Step Step 4: Multiply the current 6.2% tax rate by the Step 3 result. eed the Social Security wage base, use