Empty Fields Company pays its salaried employees monthly on the last day of each month. The annual salary payroll for 20-- follows. Compute the following for the payroll of December 31; round your answers to the nearest cent. Employee Annual Salary OASDI Taxable Wages OASDI Tax HI Taxable Wages HI Tax Utley, Genna $37,040 $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 $fill in the blank 4 Werth, Norm 48,900 fill in the blank 5 fill in the blank 6 fill in the blank 7 fill in the blank 8 Bass, John 40,000 fill in the blank 9 fill in the blank 10 fill in the blank 11 fill in the blank 12 Ruiz, Sam 150,000 fill in the blank 13 fill in the blank 14 fill in the blank 15 fill in the blank 16 Compton, Sue 36,900 fill in the blank 17 fill in the blank 18 fill in the blank 19 fill in the blank 20 Williams, Mary 48,500 fill in the blank 21 fill in the blank 22 fill in the blank 23 fill in the blank 24 Patel, Raymond 106,080 fill in the blank 25 fill in the blank 26 fill in the blank 27 fill in the blank 28 Carson, Abe 56,900 fill in the blank 29 fill in the blank 30 fill in the blank 31 fill in the blank 32 Livinsky, Sarah 37,850 fill in the blank 33 fill in the blank 34 fill in the blank 35 fill in the blank 36 Harper, Mark 51,200 fill in the blank 37 fill in the blank 38 fill in the blank 39 fill in the blank 40 Totals $fill in the blank 41 $fill in the blank 42 $fill in the blank 43 $fill in the blank 44 Employer's OASDI Tax $fill in the blank 45 Employer's HI Tax $fill in the blank 46 Feedback Area Feedback Calculate OASDI Taxable Wages; for any employee earning over the OASDI ceiling consider year-to-date earnings prior to current pay period. Multiply OASDI Taxable Wages by OASDI rate. Multiply HI taxable earnings by HI rate. For employer's OASDI Tax, multiply total of OASDI Taxable Wages
Empty Fields Company pays its salaried employees monthly on the last day of each month. The annual salary payroll for 20-- follows. Compute the following for the payroll of December 31; round your answers to the nearest cent. Employee Annual Salary OASDI Taxable Wages OASDI Tax HI Taxable Wages HI Tax Utley, Genna $37,040 $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 $fill in the blank 4 Werth, Norm 48,900 fill in the blank 5 fill in the blank 6 fill in the blank 7 fill in the blank 8 Bass, John 40,000 fill in the blank 9 fill in the blank 10 fill in the blank 11 fill in the blank 12 Ruiz, Sam 150,000 fill in the blank 13 fill in the blank 14 fill in the blank 15 fill in the blank 16 Compton, Sue 36,900 fill in the blank 17 fill in the blank 18 fill in the blank 19 fill in the blank 20 Williams, Mary 48,500 fill in the blank 21 fill in the blank 22 fill in the blank 23 fill in the blank 24 Patel, Raymond 106,080 fill in the blank 25 fill in the blank 26 fill in the blank 27 fill in the blank 28 Carson, Abe 56,900 fill in the blank 29 fill in the blank 30 fill in the blank 31 fill in the blank 32 Livinsky, Sarah 37,850 fill in the blank 33 fill in the blank 34 fill in the blank 35 fill in the blank 36 Harper, Mark 51,200 fill in the blank 37 fill in the blank 38 fill in the blank 39 fill in the blank 40 Totals $fill in the blank 41 $fill in the blank 42 $fill in the blank 43 $fill in the blank 44 Employer's OASDI Tax $fill in the blank 45 Employer's HI Tax $fill in the blank 46 Feedback Area Feedback Calculate OASDI Taxable Wages; for any employee earning over the OASDI ceiling consider year-to-date earnings prior to current pay period. Multiply OASDI Taxable Wages by OASDI rate. Multiply HI taxable earnings by HI rate. For employer's OASDI Tax, multiply total of OASDI Taxable Wages
College Accounting (Book Only): A Career Approach
12th Edition
ISBN:9781305084087
Author:Cathy J. Scott
Publisher:Cathy J. Scott
Chapter7: Employee Earnings And Deductions
Section: Chapter Questions
Problem 3PB
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Question
Empty Fields Company pays its salaried employees monthly on the last day of each month. The annual salary payroll for 20-- follows. Compute the following for the payroll of December 31; round your answers to the nearest cent.
| Employee | Annual Salary | OASDI Taxable Wages |
OASDI Tax | HI Taxable Wages |
HI Tax | |||||
| Utley, Genna | $37,040 | $fill in the blank 1 | $fill in the blank 2 | $fill in the blank 3 | $fill in the blank 4 | |||||
| Werth, Norm | 48,900 | fill in the blank 5 | fill in the blank 6 | fill in the blank 7 | fill in the blank 8 | |||||
| Bass, John | 40,000 | fill in the blank 9 | fill in the blank 10 | fill in the blank 11 | fill in the blank 12 | |||||
| Ruiz, Sam | 150,000 | fill in the blank 13 | fill in the blank 14 | fill in the blank 15 | fill in the blank 16 | |||||
| Compton, Sue | 36,900 | fill in the blank 17 | fill in the blank 18 | fill in the blank 19 | fill in the blank 20 | |||||
| Williams, Mary | 48,500 | fill in the blank 21 | fill in the blank 22 | fill in the blank 23 | fill in the blank 24 | |||||
| Patel, Raymond | 106,080 | fill in the blank 25 | fill in the blank 26 | fill in the blank 27 | fill in the blank 28 | |||||
| Carson, Abe | 56,900 | fill in the blank 29 | fill in the blank 30 | fill in the blank 31 | fill in the blank 32 | |||||
| Livinsky, Sarah | 37,850 | fill in the blank 33 | fill in the blank 34 | fill in the blank 35 | fill in the blank 36 | |||||
| Harper, Mark | 51,200 | fill in the blank 37 | fill in the blank 38 | fill in the blank 39 | fill in the blank 40 | |||||
| Totals | $fill in the blank 41 | $fill in the blank 42 | $fill in the blank 43 | $fill in the blank 44 |
| Employer's OASDI Tax | $fill in the blank 45 |
| Employer's HI Tax | $fill in the blank 46 |
Feedback Area
Feedback
Calculate OASDI Taxable Wages; for any employee earning over the OASDI ceiling consider year-to-date earnings prior to current pay period. Multiply OASDI Taxable Wages by OASDI rate. Multiply HI taxable earnings by HI rate.
For employer's OASDI Tax, multiply total of OASDI Taxable Wages
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