Your assignment is to calculate OASDI, HI tax, FIT, and SIT creating your own payroll register. Then you must calculate FUTA and SUTA (employer taxes). After completing the register, ABC Company asked you to create the payroll accrual journal entry with wages expense and FICA expense to the employer, so they can record the payroll/tax expense in December. You must create your own journal entry form.Your assignment is to calculate OASDI, HI tax, FIT, and SIT creating your own payroll register. Then you must calculate FUTA and SUTA (employer taxes). After completing the register, ABC Company asked you to create the payroll accrual journal entry with wages expense and FICA expense to the employer, so they can record the payroll/tax expense in December. You must create your own journal entry form.

FIT for weekly payroll on publication 15 (wage bracket) SIT 3.07% FICA rates 6.2% and 1.45% FUTA 0.6% SUTA 3.36785% ABC COMPANY, INC. Payroll Register Time No. per For Period Ending December 30, 2018 (use wage bracket method in publication 15) Regular Earnings Overtime Earnings Rate Rate Card Marital Hours per Hours per Total No. Name Status Allow. Worked Hour Amount Worked Hour Amount Earnings Carson, F. 40 17.50 700.00 700.00 Wilson, W. 17.25 690.00 8 25.88 207.04 897.04 Utley, H. 37 1/2 18.10 678.75 678.75 Fife, L. 17.90 716.00 26.85 161.10 877.10 Smith, L. 40 19.75 790.00 790.00 Allow. Hours 11 40 Totals .... 3,574.75 368.14 3,942.89