Question
You are the payroll manager for a resort. Your daughter (Sally Boxwood) is the marketing director earning a salary of $40,800 per year, payable monthly.
You are the payroll manager for a resort. Your daughter (Sally Boxwood) is the marketing director earning a salary of $40,800 per year, payable monthly. She is married and claims three withholding allowances. Her social security number is 222-22-2222.
In addition to federal income tax, social security, and Medicare, Sally pays 2.4% state income tax,
1 |
2 |
% for state disability insurance (both based on gross earnings), $33.58 for term life insurance, $136.84 to the credit union, and $20 to the United Way.
Fill out the following payroll voucher for Sally for the month of January. (Use Exhibit 9-1 and Exhibit 9-2 from your text. Social Security Tax is 6.2% of gross wages up to $128,400. Medicare Tax is 1.45% of all gross wages. )
Employee: | Tax Filing Status: | ---Select--- Married Single | |||||||||||||
SSN: | Withholding Allowances: | ||||||||||||||
Full-time Pay Period From ---Select--- January February March April May June July August September October November December to ---Select--- January February March April May June July August September October November December | |||||||||||||||
Primary Withholdings: | Additional Withholdings: | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Federal income tax | $ | Term life | $ | ||||||||||||
Social Security | $ | Credit union | $ | ||||||||||||
Medicare | $ | United Way | $ | ||||||||||||
State income tax | $ | ||||||||||||||
State disability | $ | ||||||||||||||
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