At Vision Club Company, office workers are employed for a 40-hour workweek on either an annual...

    

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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, 20- (50th payda 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. 1. Regular earmings for the weekly payroll ended December 13, 20- 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. VISION CLUB COMPANY Weekly Payroll for Period Ending December 13, 20- FICA Taxable Wages FICA Taxes Employee Salary This Pay Period to Be Withheld Worked Bonus Earnings Cumulative Marx, A. $112,320/yr. $42,800 Overtime Earnings 40 Total Earnings OASDI HI OASDI HI Earnings as of Last Pay Boxer, C. 74,880/yr. 40 24,200 Period Lundy, R. 5,252/mo. 40 18,000 $105,840 Ruth, B. 3,640/mo. 40 11,400 70,560 Gehrig, L. 4,732/mo. 48 8.800 59,388 Totals 41,160 Employer's FICA taxes for week ended December 13, 20--: 53,508 OASDI HI 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, 20- (50th payda 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. 1. Regular earmings for the weekly payroll ended December 13, 20- 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. VISION CLUB COMPANY Weekly Payroll for Period Ending December 13, 20- FICA Taxable Wages FICA Taxes Employee Salary This Pay Period to Be Withheld Worked Bonus Earnings Cumulative Marx, A. $112,320/yr. $42,800 Overtime Earnings 40 Total Earnings OASDI HI OASDI HI Earnings as of Last Pay Boxer, C. 74,880/yr. 40 24,200 Period Lundy, R. 5,252/mo. 40 18,000 $105,840 Ruth, B. 3,640/mo. 40 11,400 70,560 Gehrig, L. 4,732/mo. 48 8.800 59,388 Totals 41,160 Employer's FICA taxes for week ended December 13, 20--: 53,508 OASDI HI

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Employee Salary Hours Worked Annual Bonus Regular Earning Overtime Earnings Total Earnings Cumulative Earnings as of Last pay period Cumulative Earnin... View the full answer