From the above example, if Robinson$$s employer indicates separately on Robinson$$s paycheck stub the amount of each payment, the amount of federal income tax to be withheld is computed as follows:

Taxes Withheld

Regular monthly earnings $$2,400$ $ $10\mathrm{.}00($from wage$-$bracket tax tables$*)$

Quarterly bonus $4,6001,012\mathrm{.}00($$$4,60022\%)$

Totals $$7,000$ $ $1,022\mathrm{.}00$

The calculation of Robinson's federal income tax for the quarter would be computed as follows:

Taxes Withheld

Regular monthly earnings $$2,400$ $$10\mathrm{.}003$ months $=$ $ $30\mathrm{.}00($from wage$-$bracket tax table B$*)$

Quarterly bonus $4,6001,012\mathrm{.}00($$$4,60022\%)$

$$1,042\mathrm{.}00$

$*$ The percentage table could also be used.

Note: OASDI and HI withholdings are calculated on total earnings per pay period multiplied by number of pay periods and then added together to arrive at a quarter's total withholding. Quarterly and year$-$to$-$date information would appear on Robinson's employee earnings record.

The names of the employees of Cox Security Systems and their regular salaries are shown in the following payroll register. Note that Hall and Short are paid monthly on the last payday, while all others are paid weekly.

In addition to the regular salaries, the company pays an annual bonus based on the amount of earnings for the year. For the current year, the bonus amounts to $8\%$ of the annual salary paid to each employee. The bonus is to be paid along with the regular salaries on December $27,20--,$ but the amount of the bonus and the amount of the regular salary will be shown separately on each employee's earnings statement. Assume that all employees received their regular salary during the entire year.

Prepare the payroll for the pay period ending December $27,20--,$ showing the following for each employee:

Use the wage$-$bracket method to withhold federal income tax from the regular salaries.

Withhold a flat $22\%$ on the annual bonus.

Total salaries and bonuses are subject to a $2\%$ state income tax and a $3\%$ city income tax.

Enter all amounts as positive numbers. Round your answers to the nearest cent.

As we go to press, the federal income tax rates for $2024$ are being determined by budget talks in Washington, and are not available for publication. For this edition, the $2023$ federal income tax tables for Manual Systems with Forms W$-4$ From $2020$ or Later with Standard Withholding and $2023$ FICA rates have been used.

Click here to access the Wage$-$Bracket Method Tables.

For Period Ending December $27,20--$

Employee Name No$.$ of Earnings Deductions

Filing W$/$H $($a$)($b$)($c$)$ FICA $($d$)($e$)($f$)($g$)$

Status Allowances Regular Supp'l. Total OASDI HI FIT SIT CIT Net Pay

Hall, Michael MFJ N$/$A $$3,500\mathrm{.}00*$ fill in the blank $1$ of $77$$

fill in the blank $2$ of $77$$

fill in the blank $3$ of $77$$

fill in the blank $4$ of $77$$

fill in the blank $5$ of $77$$

fill in the blank $6$ of $77$$

fill in the blank $7$ of $77$$

fill in the blank $8$ of $77$$

Short, Joy T$.$ MFJ N$/$A $2,750\mathrm{.}00*$ fill in the blank $9$ of $77$

fill in the blank $10$ of $77$

fill in the blank $11$ of $77$

fill in the blank $12$ of $77$

fill in the blank $13$ of $77$

fill in the blank $14$ of $77$

fill in the blank $15$ of $77$

fill in the blank $16$ of $77$

Abbott, Linda HH N$/$A $520\mathrm{.}00$ fill in the blank $17$ of $77$

fill in the blank $18$ of $77$

fill in the blank $19$ of $77$

fill in the blank $20$ of $77$

fill in the blank $21$ of $77$

fill in the blank $22$ of $77$

fill in the blank $23$ of $77$

fill in the blank $24$ of $77$

Smith, Joseph HH N$/$A $465\mathrm{.}00$ fill in the blank $25$ of $77$

fill in the blank $26$ of $77$

fill in the blank $27$ of $77$

fill in the blank $28$ of $77$

fill in the blank $29$ of $77$

fill in the blank $30$ of $77$

fill in the blank $31$ of $77$

fill in the blank $32$ of $77$

Tols, Sean M$.$ S N$/$A $380\mathrm{.}00$ fill in the blank $33$ of $77$

fill in the blank $34$ of $77$

fill in the blank $35$ of $77$

fill in the blank $36$ of $77$

fill in the blank $37$ of $77$

fill in the blank $38$ of $77$

fill in the blank $39$ of $77$

fill in the blank $40$ of $77$

Gillespie, Michelle S N$/$A $350\mathrm{.}00$ fill in the blank $41$ of $77$

fill in the blank $42$ of $77$

fill in the blank $43$ of $77$

fill in the blank $44$ of $77$

fill in the blank $45$ of $77$

fill in the blank $46$ of $77$

fill in the blank $47$ of $77$

fill in the blank $48$ of $77$

Smart, Jennifer MFJ N$/$A $575\mathrm{.}00$ fill in the blank $49$ of $77$

fill in the blank $50$ of $77$

fill in the blank $51$ of $77$

fill in the blank $52$ of $77$

fill in the blank $53$ of $77$

fill in the blank $54$ of $77$

fill in the blank $55$ of $77$

fill in the blank $56$ of $77$

White, Matthew J$.$ HH N$/$A $425\mathrm{.}00$ fill in the blank $57$ of $77$

fill in the blank $58$ of $77$

fill in the blank $59$ of $77$

fill in the blank $60$ of $77$

fill in the blank $61$ of $77$

fill in the blank $62$ of $77$

fill in the blank $63$ of $77$

fill in the blank $64$ of $77$

Totals fill in the blank $65$ of $77$$

fill in the blank $66$ of $77$$

fill in the blank $67$ of $77$$

fill in the blank $68$ of $77$$

fill in the blank $69$ of $77$$

fill in the blank $70$ of $77$$

fill in the blank $71$ of $77$$

fill in the blank $72$ of $77$$

fill in the blank $73$ of $77$$

$*$Monthly

Compute the employer's FICA taxes for the pay period ending Dec