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The names of the employees of Hogan Thrift Shop are listed on the following payroll register. Emp...

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 20, 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. Hint: If wages are higher than the last amount on the appropriate wage-bracket table, the percentage method must be used.

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.

Hogan Thrift Shop
Payroll Register
FOR PERIOD ENDING December 20, 20-- Deductions



Employee Name

Marital
Status

No. of W/H
Allowances

Total
Earnings
(a) FICA (b) (c) (d) (e)
OASDI HI FIT SIT CIT Net Pay
John, Matthew M 0 $2,524.00    $ $ $ $ $ $
Smith, Jennifer S 3 275.00   
Bullen, Catherine M 3 250.00   
Matthews, Mary M 5 320.25   
Hadt, Bonnie S 5 450.00   
Camp, Sean S 4 560.50   
Wilson, Helen M 5 475.50   
Gleason, Josie S 0 890.00   
Totals $5,745.25    $ $ $ $ $ $

Compute the employer's FICA taxes for the pay period ending December 20.

OASDI Taxes   HI Taxes
OASDI taxable earnings $   HI taxable earnings $
OASDI taxes $   HI taxes $
business   accounting   
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Answer #1

ANS

PAYROLL REGISTER

FOE THE PERIOD ENDING DECEMBER 20,

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%

-------------------------

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