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This Exam must be submitted as a Word or PDF document Preparing the Payroll Register 24 points The following payroll data pertains to Technological Industries
This Exam must be submitted as a Word or PDF document Preparing the Payroll Register 24 points The following payroll data pertains to Technological Industries for the current week ended: Employee Hrs. Hourly OT Cumulative Worked Rate Rate Earnings Sam Dawson 42 $52.00 1.5 $105,000 Tom Allen 44 $70.00 2.0 $164,505 Mary Smith 40 $65.00 1.5 $159, 100 Using the tax rates and wage bases mentioned in the text, prepare, foot and total the payroll register below. (Ignore FIT, SIT and miscellaneous withholdings). Payroll Register Gross Earnings Taxable Earnings Employee Cumulative HRS FICA Earnings Regular Overtime Total OASDI HI Sam Dawson 105,000 42 2,080 156 2,236 2,236 Tom Allen 164,505 14 2,800 560 3,360 3,360 Mary Smith 159, 100 40 2,600 2,600 2,600 Totals Withholdings Payments FICA Net OASDI HI Total Earnings
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