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$2024$ State of Nebraska Payroll Project

Bugeater's Corporation

Federal EIN: $47-9876543$

Nebraska ID: $20-658790$

Nebraska Unemployment Account #$97531($Rate $4\mathrm{.}5\%)$

$2025$ National Championship Drive

Lincoln Nebraska, $68501$

Phone: $(402)444-2018$

Fax: $(402)444-2000$

bugeatercorp@red.com

The following data for the Bugeaters Corporation relates to the payroll for the week ended December $31,2024.$ Pay date is also December $31,2024.$

The Payroll Register is divided into $3$ sections:

Don't forget to complete the Totals row.

Deductions $-$ you need to complete all deduction columns $($information is found below$).$

OASDI and HI are withheld at their respective rates of $6\mathrm{.}2\%$ and $1\mathrm{.}45\%.$ The OASDI wage cap is $$168,600.$ There is no wage cap for HI$.$ YTD Wages are given.

Federal Income Tax and State Income Tax will be affected by the SIMPLE contribution. $($Subtract SIMPLE before calculating the tax withheld.

You will use the Wage Bracket Method $($Standard Withholding$)$ for most employees, the Percentage Method has to be used for $2$ employees.

All tables are included in one file.

The Simple IRA amounts are listed. This is the $\%$ of gross income to be withheld.

Group Insurance amounts are given $($this deduction does not affect any tax calculations$).$

Start with Check # $1954.$

Taxable Earnings: Only list the wages that are taxable, calculate the tax on THE ER Taxes row.

OASDI

HI

FUTA $($$$7,000$ limit$,\mathrm{.}6\%)$

SUTA $($$$9,000$ limit$,4\mathrm{.}5\%)$ BUGEATER'S CORPORATION PAYROLL REGISTER

FOR PAY PERIOD ENDING: December $31$st$,20$XX