The names of the employees of Hogan Thrift Shop are listed on the following payr
ID: 2430685 • Letter: T
Question
The names of the employees of Hogan Thrift Shop are listed on the following payroll register. Employees are paid weekly. The marital status and the number of allowances claimed are 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 21, 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.
Click here to access the Table of Allowance Values.
Click here to access the Wage-Bracket Method Tables.
Click here to access the Percentage Method Tables.
Compute the employer's FICA taxes for the pay period ending December 21.
Hogan Thrift Shop
Payroll Register
Employee Name
Marital
Status
No. of W/H
Allowances
Total
Earnings Deductions (a) FICA (b) (c) (d) (e) OASDI HI FIT SIT CIT Net Pay John, Matthew S 0 $2,524.00 $ $ $ $ $ $ Smith, Jennifer S 5 275.00 Bullen, Catherine M 3 250.00 Matthews, Mary M 5 320.25 Hadt, Bonnie M 0 450.00 Camp, Sean S 2 560.50 Wilson, Helen S 4 475.50 Gleason, Josie S 4 890.00 Totals $5,745.25 $ $ $ $ $ $
Explanation / Answer
Answer;-
PAYROLL REGISTER FOE THE PERIOD ENDING DECEMBER 21, 20XX
EMPLOYEE NAME
MS
NO.
OF
WITH
ALLOW
TOTAL EARNINGS
DEDUCTIONS
(e)
NET PAY
(a)
FICA
(b)
FIT
(c)
SIT
(d)
CIT
OASDI
HI
JOHN, MATHEW
M
3
$2524.00
$156.50
$36.60
$161
$50.48
$37.86
$2081.56
SMITH, JENNIFER
S
2
$275.00
$17.05
$3.99
$16.39
$5.5
$4.13
$227.94
BULLEN, CATHERINE
M
0
$250.00
$15.50
$3.63
$9.80
$5
$3.75
$212.32
MATTHEWS, MARY
S
2
$320.25
$19.86
$4.64
$6.68
$6.41
$4.80
$277.86
HADT, BONNIE
S
2
$450.00
$27.90
$6.53
$42.63
$9
$6.75
$357.19
CAMP, SEAN
S
4
$560.50
$34.75
$8.13
$48.53
$11.21
$8.41
$449.47
WILSON, HELEN
S
1
$475.50
$29.48
$6.89
$46.45
$9.51
$7.13
$376.04
GLEASON, JOSIE
M
5
$890.00
$55.18
$12.91
$62.33
$17.80
$13.35
$728.43
TOTALS
$5745.25
$356.22
$83.32
$393.81
$114.91
$86.18
$4710.81
OASDI TAXES HI TAXES
OASDI TAXABLE EARNINGS = $5745.25
HI TAXABLE EARNINGS = $5745.25
OASDI TAXES = $ 356.22
HI TAXES = $ 83.32
OASDI = 6.2%
HI = 1.45%
SIT = 2%
CIT = 1.5%
EMPLOYEE NAME
MS
NO.
OF
WITH
ALLOW
TOTAL EARNINGS
DEDUCTIONS
(e)
NET PAY
(a)
FICA
(b)
FIT
(c)
SIT
(d)
CIT
OASDI
HI
JOHN, MATHEW
M
3
$2524.00
$156.50
$36.60
$161
$50.48
$37.86
$2081.56
SMITH, JENNIFER
S
2
$275.00
$17.05
$3.99
$16.39
$5.5
$4.13
$227.94
BULLEN, CATHERINE
M
0
$250.00
$15.50
$3.63
$9.80
$5
$3.75
$212.32
MATTHEWS, MARY
S
2
$320.25
$19.86
$4.64
$6.68
$6.41
$4.80
$277.86
HADT, BONNIE
S
2
$450.00
$27.90
$6.53
$42.63
$9
$6.75
$357.19
CAMP, SEAN
S
4
$560.50
$34.75
$8.13
$48.53
$11.21
$8.41
$449.47
WILSON, HELEN
S
1
$475.50
$29.48
$6.89
$46.45
$9.51
$7.13
$376.04
GLEASON, JOSIE
M
5
$890.00
$55.18
$12.91
$62.33
$17.80
$13.35
$728.43
TOTALS
$5745.25
$356.22
$83.32
$393.81
$114.91
$86.18
$4710.81