Question
Year 2020 The names of the employees of Hogan Thrift Shop are listed on the following payroll register. Employees are paid weekly. The filing status
Year 2020
The names of the employees of Hogan Thrift Shop are listed on the following payroll register. Employees are paid weekly. The filing status is shown on the payroll register, along with each employee's weekly salary, which has remained the same all year. Complete the payroll register for the payroll period ending December 20, 20--, the 51st weekly payday. The state income tax rate is 2% of total earnings, the city income tax rate is 1.5% of the total gross earnings, and the wage-bracket method is used for federal income taxes. Enter all amounts as positive numbers. Round your calculations and final answers to the nearest cent. If an amount is zero, enter "0". As we go to press, the federal income tax rates for 2021 are being determined by budget talks in Washington and not available for publication. For this edition, the 2020 federal income tax tables for Manual Systems with Forms W-4 from 2020 or later with Standard Withholding and 2020 FICA rates have been used. Click here to access the Wage-Bracket Method Tables. Click here to access the Percentage Method Tables. Hogan Thrift Shop Payroll Register FOR PERIOD ENDING December 20, 20-- Deductions (a) FICA Employee Name Filing Status No. of W/H Allowances Total Earnings OASDI HI (b) FIT (c) SIT (d) CIT (e) Net Pay John, Matthew MFJ N/A $2,720.00 $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 Smith, Jennifer HH N/A 275.00 fill in the blank 7 fill in the blank 8 fill in the blank 9 fill in the blank 10 fill in the blank 11 fill in the blank 12 Bullen, Catherine MFJ N/A 250.00 fill in the blank 13 fill in the blank 14 fill in the blank 15 fill in the blank 16 fill in the blank 17 fill in the blank 18 Matthews, Mary S N/A 320.25 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 Hadt, Bonnie S N/A 450.00 fill 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 Camp, Sean S N/A 560.50 fill in the blank 31 fill in the blank 32 fill in the blank 33 fill in the blank 34 fill in the blank 35 fill in the blank 36 Wilson, Helen S N/A 475.50 fill in the blank 37 fill in the blank 38 fill in the blank 39 fill in the blank 40 fill in the blank 41 fill in the blank 42 Gleason, Josie MFJ N/A 890.00 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 Totals $5,941.25 $fill 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 Compute the employer's FICA taxes for the pay period ending December 20, 20--. OASDI Taxes HI Taxes OASDI taxable earnings $fill in the blank 55 HI taxable earnings $fill in the blank 56 OASDI taxes $fill in the blank 57 HI taxes $fill in the blank 58
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started