4. Juan Rodriguez earns $14.00/hour, and worked 48 hours during the most recent week. He makes a 403(b) retirement plan contribution of 13% of gross pay each period. Juan Rodriguez is single, and claims one withholding allowance for both federal and state. Juan Rodriguez voluntarily deducts life insurance of $25 each pay period. His year-to-date taxable earnings for Social Security tax, prior to the current pay period, are $139,300, and he is paid with check #0503.
4. Juan Rodriguez earns $14.00/hour, and worked 48 hours during the most recent week. He makes a 403(b) retirement plan contribution of 13% of gross pay each period. Juan Rodriguez is single, and claims one withholding allowance for both federal and state. Juan Rodriguez voluntarily deducts life insurance of $25 each pay period. His year-to-date taxable earnings for Social Security tax, prior to the current pay period, are $139,300, and he is paid with check #0503.
Chapter4: Income Tax Withholding
Section: Chapter Questions
Problem 5PB
Related questions
Question
I need help with #4 getting the Social Security , Medicare, and Vol. Withholding and the Net Pay!!
Transcribed Image Text:Complete the remaining columns of the payroll register for the five employees whose information was provided in PSa 2-4, PSa 2-12, and PSa 3-8. All employees work in a state that does not require the
withholding of disability insurance, and none of the employees files a tax return under married filing separately status. Additional information for each employee is provided below:
4. Juan Rodriguez earns $14.00/hour, and worked 48 hours during the most recent week. He makes a 403(b) retirement plan contribution of 13% of gross pay each period. Juan Rodriguez is single, and claims
one withholding allowance for both federal and state. Juan Rodriguez voluntarily deducts life insurance of $25 each pay period. His year-to-date taxable earnings for Social Security tax, prior to the current pay
period, are $139,300, and he is paid with check #0503.
Notes:
• For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.
Transcribed Image Text:Payroll Register
Pay Period
09/06/2020
Pay Date
09/12/2020
Earnings
Deductions
Employee
Regular Regular
Regular
Overtime
Overtime
Overtime
Total
Vol. With.
Net Pay
FWT
SWT
Social
Medicare
Check
Name
Hours
Rate
Earnings
Hours
Rate
Earnings
Earnings
Security
Number
Williams, L
40
$7.50
$300.00
4
$11.25
$45.00
$345.00
$15.00
$14.84
%24
$
24
$
Olsen, J
40
$9.10
$364.00
$13.65
$95.55
$459,55
$12.00
$17.98
$
$
24
24
Upton, N
40
$11.80
$472.00
2
$17.70
$35.40
$507.40
$3.00
$25.37
$
$
24
Rodriguez, J 40
$14.00
$560.00
8.
$21.00
$168.00
$728.00
$53.00
$31.67
2$
24
2$
24
Painter, D
40
$16.60
$664.00
11
$24.90
$273.90
$937.90
$25.00
$44.40
%24
2$
2$
%24
$
$
%24
24
%2$
2$
$
$
2$
%24
$
$
$
$
$
$
$
Totals:
$2,360.00
$617.85
$2,977.85 $108.00
$134.26 $
24
$
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