VISION CLUB COMPANY Hours Worked Annual Bonus Regular Earnings Overtime Earnings Employee Total Earnings Marx, A. Вохе, С. Lundy, R. Ruth, B. Gehrig, L. Totals Salary $97,240/yr. 91,000/yr. 6,240/mo. 4,680/mo. 4,900/mo. 40 40 $40,000 25,000 20,000 15,000 8,000 40 40 48 (left side) VISION CLUB COMPANY Cumulative Earnings as of Last Pay Period FICA Taxable Wages This Pay Period FICA Taxes to Be Withheld Employee OASDI HI OASDI HI $91,630.00 85,750.00 70,560.00 52,920.00 34,890.00 Marx, A. Вохеr, С. Lundy, R. Ruth, B. Gehrig, L. Totals (right side) Employer's FICA taxes for week ended December 13, 2019: $ $ OASDI HI
VISION CLUB COMPANY Hours Worked Annual Bonus Regular Earnings Overtime Earnings Employee Total Earnings Marx, A. Вохе, С. Lundy, R. Ruth, B. Gehrig, L. Totals Salary $97,240/yr. 91,000/yr. 6,240/mo. 4,680/mo. 4,900/mo. 40 40 $40,000 25,000 20,000 15,000 8,000 40 40 48 (left side) VISION CLUB COMPANY Cumulative Earnings as of Last Pay Period FICA Taxable Wages This Pay Period FICA Taxes to Be Withheld Employee OASDI HI OASDI HI $91,630.00 85,750.00 70,560.00 52,920.00 34,890.00 Marx, A. Вохеr, С. Lundy, R. Ruth, B. Gehrig, L. Totals (right side) Employer's FICA taxes for week ended December 13, 2019: $ $ OASDI HI
Financial & Managerial Accounting
13th Edition
ISBN:9781285866307
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 15.17EX: Profitability ratios The following selected data were taken from the financial statements of...
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At vision club company office workers are emplyoed for a 40-hour workweek on either an annual or a monthly salary basis.
Given on the form below are the current annual and monthly salary rates for five office workers for the week ended December 13,2019(50th pay day of the year)
In addition, with this pay these employees are paid their sliding-scale annual bonuses.
The bonuses are listed on the register
For each worker, compute:
1.Regular earnings for the weekly payroll ended December 13,2019
2. Overtime earnings (if applicable)
3. Total regular. Overtime earnings and bonus
4. FICA taxable wages for this pay period.
5. FICA Taxes to be withheld for this pay period.
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