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You gathered the following data from time cards and individual employee earnings records. Task 1. On December 5, 202X,prepare a payroll register for this biweekly

You gathered the following data from time cards and individual employee earnings records.

Task 1. On December 5, 202X,prepare a payroll register for this biweekly payroll. (If an input field is not used in the table leave the field empty; do not enter a zero. Abbreviations used: YTD = Year to date, FIT = Federal Income Tax, SIT = State Income Tax. Round all amounts to the nearest cent as needed, X.XX.)

Employee

Marital Status

Cumulative Earnings Before This Payroll

Biweekly Salary

Check No.

Department

Ames, Sioban

Single

$6,500

$1,530

30

Production

Greg, Andi

Single

48,400

1,980

31

Office

Mas, Arlo

Single

141,700

2,100

32

Production

Senn, Chris

Single

162,500

760

33

Office

(Assume no overtime earnings.)

STANDARD Withholding Rate Schedules Single or Married Filing Separately

The tentative amount to withhold is:

Plus this percentage

of the amount that the Adjusted Wage exceeds

Adjusted wage amount is at least $0, but less than $483

$0.00

0%

$0

Adjusted wage amount is at least $483, but less than $865

$0.00

10%

$483

Adjusted wage amount is at least $865, but less than $2,041

$38.20

12%

$865

Adjusted wage amount is at least $2,041, but less than $3,805

$179.32

22%

$2,041

Adjusted wage amount is at least $3,805, but less than $6,826

$567.40

24%

$3,805

Adjusted wage amount is at least $6,826, but less than $8,538

$1,292.44

32%

$6,826

Adjusted wage amount is at least $8,538, but less than $20,621

$1,840.28

35%

$8,538

Adjusted wage amount is at least $20,621

$6,069.33

37%

$20,621

1.

On December 5,202X,prepare a payroll register for this biweekly payroll.

2.

Calculate the employer taxes of FICA Social Security, FICA Medicare, FUTA, and SUTA.

3.

Journalize the Payroll Register and the employer's tax liability.

Assume the following:

1.

FICA Social Security is 6.2% on $142,800; FICA Medicare is 1.45% on all earnings.

2.

Federal income tax is calculated using the biweekly payroll withholding chart included.

3.

State income tax is 10% of gross pay.

4.

Charitable Contributions are $14 biweekly.

5.

The SUTA rate is 5.0% and the FUTA rate is 0.6% on earnings up to $7,000. (Note that the $7,000 wage base applies to both SUTA and FUTA.)

image text in transcribedPlease show explanations to your calculation.

Federal Income Tax, SIT = State Income Tax. Round all amounts to the nearest cent as needed, X.XX.) Federal Income Tax, SIT = State Income Tax. Round all amounts to the nearest cent as needed, X.XX.)

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