Calibri Wrap Text EB Copy 12 - A A General Paste Format Painter BIU - D- A - Merge & Center $ - % " Conditional Format as Formatting * Table Clipboard Font Alignment Number B51 Compute the eployer's FICA taxes for the pay period ending December 27. A B C D E F G H 1 Use the following rates, ceiling, and maximum taxes in your assignments unless otherwise instructed. 2 3 Employee and Employer OASDI: 6.20% $137,700 $8,537.40 4 Employee and Employer HI: 1.45% no limit no maximum 5 Self-employed OASDI: 12.40% $137,700 $17,074.80 6 Self-employed HI: 2.90% no limit no maximum For rounding rules, refer to page 2-35 in your text. 8 10 11 1 Use (a) the percentage method and (b) the wage-bracket method to compute the federal income taxes to withhold from 12 15 pts. the wages or salaries of each employee. 13 No. of Withholdin Wage- Marital Percentge Bracket 14 Employee Status Allowances Gross Wage or Salary Method Method 15 Louis, S. S V/A $1,040 weekly 16 Hanks, X. S V/A 1,910 weekly 17 Gillespie H. MFI N/A 1,890 biweekly 18 Tromley, P. MF N/A 2,315 semimonthly 19 Farley, R. MF N/A 3,200 monthly 20 21 22 2 The names of the employees of Matson Office Susems and their regular salaries are shown in the following payroll register. 23 35 pts. Young are paid monthly on the last payday, while all others are paid weekly. 24 In addition to the regular salaries, the company pays an annual bonus (Supply based on the amount of earnings for the year. 25 the bonus amounts to 8% of the annual salary paid to each employee. The bonus is to be paid along with the regular salaries Instructions for Students Assignment for Week 4 + Ready