An employee is paid a salary of $11,050 per month. If the current FICA rate is 6.2% on the first $130,000 of earnings, and the Medicare tax rate is 1.45% of all earnings, how much should be withheld for:

(a) FICA tax and (b) Medicare tax during the following months?

1. March (a) (b)

2. December (a) (b)

Find the federal withholding tax using the wage bracket method for each of the following employees.

3. Kerry Cook: 1 withholding allowance, single, $2165.17 monthly earnings

4. Mary Jackson: 2 withholding allowances, married, $639.80 weekly earnings

5. Julie Pendleton: 0 withholding allowances, single, $1843.19 monthly earnings

6. L. Sanchez: 3 withholding allowances, married, $521.10 weekly earnings

7. B. Maynard: 4 withholding allowance, married, $2484.97 monthly earnings

8. A salesperson is paid $325 per week plus a commission of 4% on all sales. The salesperson sold $519 worth of

goods on Monday, $349 on Tuesday, $782 on Wednesday,

$643 on Thursday and $902 on Friday. Returns and

allowances for the week were $118. Find the employee's

(a) Social Security tax (6.2%), (b) Medicare tax (1.45%),

and (c) state disability insurance (1%) for the week.

(a)

(b)

(c)

For exercises 9 and 10, find (a) the Social Security tax and (b) the Medicare tax that

each self-employed person must pay. Since they are self-employed, use a FICA tax rate

of 12.4% and a Medicare tax rate of 2.9%.

9. Waddell: $31,592.87 (a) (b)

10. Leatherwood: $51,582.24 (a) (b)

Wages and Salaries all

Complete the following payroll ledger. Find the total gross earnings for each employee.

Time and a half is paid on all hours over 40 in one week.

Employee	Hours Worked	Reg Hours	Overtime Hours	Reg Rate	Gross Earnings
1. Ewert	44.5	(a)	(b)	$7.20	(c)
2. Skeene	41.75	(a)	(b)	$10	(c)

 

Section 2 Gross Earnings Piecework and Commissions all

 

14. At Chairs and More, assemblers are paid according to the following differential piece rate scale

1-25 chairs in a week,$10 each;

26-40 chairs in a week $13 each;

40-up chairs in a week $17.50.

Salina Grant assembled 47 chairs in one week. Find her gross pay.

15. Danielle Stevenson receives a commission of 6.5% for selling a $160,000 house. One-half of the commission goes to the broker, and one-half of the remainder toanother salesperson. Stevenson receives the rest. Find the amount she receives.

16. Rod Sheffield earned $128,552.35 so far this year. This week, he earned $2756.29. Find his FICA tax

17. Find Rod Sheffield's Medicare tax for this week's earnings.

18. Russell Benner earned $128,694.48 so far this year. This week, he earned $2763.28. Find his FICA tax

19. Find Russell Sheffield's Medicare tax for this week's earnings.

PowerPoint Section 4 Income Tax Withholding 31-35

20 . The employees of Book Nook paid a total of $2178.40 in Social Security tax last month, $509.46 in Medicare tax, and $5583.19 in federal withholding tax. Find the total amount that the employer must send to the Internal Revenue Service.