The names of the employees of Hogan Thrift Shop are listed on the following payr
ID: 2528289 • 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 HOGAN THRIFT SHOP PAYROLL REGISTER DEDUCTIONS FIT PAY HI Jo, Mahew M3252 4100 275 00 2150 00 2 0 25 45000 S2 5 6050 715 50 89000 Smith, Jennifer Bullen, Catherine Matthews, Mary M0 Hadt, Bonnie Camp, Sean Wilson, Helen Gleason, Josie M3 Totals Compute the employer's FICA taxes for the pay period ending December 21. OASDI Taxes HI Taxes OASDI taxable earnings OASDI taxes HI taxable earnings HI taxesExplanation / Answer
Hogan Thrift Shop Payroll Register For Period Ending December 21 Employee Name Marital Status No. of Withholding Allowance Total Earnings Deductions (a) FICA (b) FIT © SIT (d) CIT (e) Net Pay OASDI HI John, Mathew M 3 $2,524.00 $156.49 $36.60 $326.73 $50.48 $37.86 $1,915.84 Smith, Jennifer S 1 $275.00 $17.05 $3.99 $15.00 $5.50 $4.13 $229.34 Bullen, Catherine M 0 $250.00 $15.50 $3.63 $9.00 $5.00 $3.75 $213.13 Mathews, Mary S 3 $320.25 $19.86 $4.64 $5.00 $6.41 $4.80 $279.54 Hadl, Bonnie S 1 $450.00 $27.90 $6.53 $41.00 $9.00 $6.75 $358.83 Camp, Sean S 2 $560.50 $34.75 $8.13 $46.00 $11.21 $8.41 $452.00 Wilson, Helen S 1 $475.50 $29.48 $6.89 $44.00 $9.51 $7.13 $378.48 Gleason, Josie M 3 $890.00 $55.18 $12.91 $57.00 $17.80 $13.35 $733.77 Totals $5,745.25 $356.21 $83.31 $543.73 $114.91 $86.18 $4,560.92 Compute the employer's FICA taxes for the pay period ending December 21 OASDI Taxes HI taxes OASDI taxable earnings $5,745.25 HI taxable earnings $5,745.25 OASDI taxes $356.21 HI Taxes $83.31 OASDI tax rate = 6.20% HI tax rate = 1.45%