September Company has five salaried employees. Your task is to use the following information to prepare a payroll register to calculate net pay for each employee:

Assume the following:1. FICA OASDI is 6.2% on $127,200; FICA Medicare is 1.45% on all earnings.

2. Each employee contributes $35 biweekly for medical insurance.

3. State income tax is 2% of gross pay.

4. FIT is calculated from Figure 7.2 .

Figure 7.2

Transcribed Image Text:

SINGLE Persons-BIWEEKLY Payroll Period (For Wages Paid through December 31, 201X) And the wages are- And the numberof withholding allowances claimed is- At least But less than 10 The amount of income taxto be withheld is- $a00 $44 $25 $10 $0 $0 12 14 16 18 1,000 1.000 1.020 1,040 1 060 1,080 1.100 112 1,120 1140 115 118 121 124 1.160 1,180 1,200 1 220 127 130 133 136 104 102 1.240 110 1,260 113 1.280 139 116 1,300 142 145 148 151 154 119 1,320 1,340 1,360 1,380 122 125 101 128 104 131 107 134 110 113 116 1.400 1,420 1,440 1,460 137 119 1,480 122 1.500 1,520 1,540 1.560 1,580 114 1.600 140 117 120 123 143 146 149 152 1,620 1.640 1,660 126 129 1,680 1.700 108 1.720 1.740 1.710 1.720 1,740 1,760 155 158 132 135 138 141 111 185 161 114 1,780 188 164 112 1.780 1,800 191 167 144 120 1.800 1.820 194 120 147 123 123 1,820 1,840 1,840 1,860 1.880 1,900 176 179 182 1.860 1.880 112 1,900 1920 1940 1920 135 128 115 118 121 124 1,940 1.960 18 191 141 224 229 168 144 1.960 171 174 147 101 1,980 2,000 194 1,980 234 197 150 127 104 2,000 2,020 2,040 2,060 2,080 2,100 278 239 244 249 254 259 200 177 153 130 107 2.020 180 183 186 189 156 133 110 113 2,040 2,060 2,080 150 136 139 142 162 116 119 165 $2.190 and over Use Table 2a) for a SINGLE person on page 45. Also see the instructions on page 43. 0000 o-mun nm巧切的幻及浴刀需而需的号导学要岛 出品5 加乃为R 話的 8889 如及高 科据极布相引3G品出出及万为的試的和男 8: 88 83883 R灵我餐品 蛋蛋R 83383