At Vision Club Company, office workers are employed for a 40-hour workweek on either an...
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Accounting
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 13, 2019 (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 13, 2019.
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.
VISION CLUB COMPANY Weekly Payroll for Period Ending December 13, 2019 FICA Taxable Wages This Pay Period FICA Taxes to Be Withheld Hours Employee Salary Annual Bonus Regular Earnings Overtime Earnings Total Earnings Cumulative Earnings as of Last Pay Period OASDI HI OASDI HI Worked Marx, A. $108,680/yr. 40 $47,600 $102,410 Boxer, c. 79,040/yr. 40 25,000 74,480 Lundy, R. 5,460/mo. 40 19,000 61,740 Ruth, B. 4,836/mo. 40 11,800 54,684 Gehrig, L. 4,732/mo. 48 6,800 53,508 Totals Employer's FICA taxes for week ended December 13, 2019: OASDI HI
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