Requirements: Compute the OASDI for each employee. Compute the HI for each emplo
ID: 2414166 • Letter: R
Question
Requirements:
Compute the OASDI for each employee.
Compute the HI for each employee.
On the Employer Register, compute the employer FICA liability.
Payroll Register
Complete the steps below:
Compute the OASDI for each employee.
Compute the HI for each employee.
Compute the totals for each tax.
Note: Round your final answers to the nearest cent.
Employer Register
Employer Register
Complete the step below:
Enter the earnings upon which the employer liability will be computed.
Compute the employer FICA liability.
Note: Round your final answers to the nearest cent.
KIPLEY COMPANY, INC.Employee Payroll Register
For Period Ending January 8, 20-- EARNINGS DEDUCTIONS NET PAY Name Gross OASDI HI FIT SIT SUTA CIT SIMPLE Grp. Ins. Health Ins. Ck. No. Amount Carson, F. $700.00 $ $ Wilson, W. 897.04 $ $ Utley, H. 678.75 $ $ Fife, L. 877.10 $ $ Smith, L. 790.00 $ $ Fay, G. 539.15 $ $ Robey, G. 623.08 $ $ Schork, T. 773.08 $ $ Hardy, B. 666.11 $ $ Kipley 1,000.00 $ $ Totals $ $ ----
Explanation / Answer
OASDI = 6.2% of the earnings
HI = 1.45% of the earnings
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Employee Payroll Register EARNINGS DEDUCTIONS Name Gross OASDI HI Total Carson, F. $ 700.00 $ 43.40 $ 10.15 $ 53.55 Wilson, W. $ 897.04 $ 55.62 $ 13.01 $ 68.62 Utley, H. $ 678.75 $ 42.08 $ 9.84 $ 51.92 Fife, L. $ 877.10 $ 54.38 $ 12.72 $ 67.10 Smith, L. $ 790.00 $ 48.98 $ 11.46 $ 60.44 Fay, G. $ 539.15 $ 33.43 $ 7.82 $ 41.24 Robey, G. $ 623.08 $ 38.63 $ 9.03 $ 47.67 Schork, T. $ 773.08 $ 47.93 $ 11.21 $ 59.14 Hardy, B. $ 666.11 $ 41.30 $ 9.66 $ 50.96 Kipley $ 1,000.00 $ 62.00 $ 14.50 $ 76.50 Totals $ 7,544.31 $ 467.75 $ 109.39 $ 577.14Related Questions
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