At Vision Club Company, office workers are employed for a 40-hour workweek on ei

Question

At Vision Club Company, office workers are employed 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 14, 2018 (50th payday 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 the following. Round your answers to the nearest cent.

Regular earnings for the weekly payroll ended December 14, 2018.

Overtime earnings (if applicable).

Total regular, overtime earnings, and bonus.

FICA taxable wages for this pay period.

FICA taxes to be withheld for this pay period.

FICA Taxable Wages
This Pay Period

FICA Taxes
to Be Withheld

Employer's FICA taxes for week ended December 14, 2018:

VISION CLUB COMPANY Weekly Payroll for Period Ending December 14, 2018

FICA Taxable Wages
This Pay Period

FICA Taxes
to Be Withheld

Employee Salary Hours
Worked Annual
Bonus Regular
Earnings Overtime
Earnings Total Earnings Cumulative Earnings
as of Last Pay Period OASDI HI OASDI HI Marx, A. $110,760/yr. 40 $48,200          $ $ $104,370 Boxer, C. 76,440/yr. 40 23,400          72,030 Lundy, R. 5,356/mo. 40 18,200          60,564 Ruth, B. 4,576/mo. 40 11,800          51,744 Gehrig, L. 4,160/mo. 48 6,200          $ 47,040     Totals $ $ $ $ $ $ $ $

Explanation / Answer

Working:

VISION CLUB COMPANY PAYROLL REGISTER FOR THE WEEK ENDED DECEMBER 14 , 2018 Employee Name Hourly rate Hours worked Salary Annual bonus Total earnings Cumulative earnings as of last pay period FICA taxable wages this period Regular Overtime Total OASDI HI Marx, A. 53.25 40 2130 2130 48200 50330 104370 24330 50330 Boxer, C. 36.75 40 1470 1470 23400 24870 72030 24870 24870 Lundy, R. 33.48 40 1339 1339 18200 19539 60564 19539 19539 Ruth, b. 28.60 40 1144 1144 11800 12944 51744 12944 12944 Jehrig, L. 26.00 48 1248 208 1456 6200 7656 47040 7656 7656

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.