CPP 6-1 (#1) Complete 4th Quarter and Year-End Payroll Reporting

Calculate total federal income tax, Social Security tax, and Medicare tax for the 4th quarter. Assume that Zachary Fox earns the same amount for each of the final three weeks of the year (the only weeks in 2018 during which he worked) and that Calvin Bell earned the same amount during each of the 52 weeks of the year. Further assume that no changes to voluntary deductions were requested by any employee during 2018. Note that the final week of the year (beginning on December 24, 2018) is a full workweek (the 52nd workweek of 2018).

Notes:

• For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.

• Payroll Register
• Employee Earnings Records for Pay Period Ending 12/16/2018
• Employee Earnings Records Year to Date

	FWT	Social Security	Medicare