Question: PSa 3-10 Populate a Payroll Register This problem is a continuation of exercise PSa 2-12 from Chapter 2. Complete the Federal Withholding Tax (wage-bracket
PSa 3-10 Populate a Payroll Register This problem is a continuation of exercise PSa 2-12 from Chapter 2. Complete the Federal Withholding Tax (wage-bracket method) and State Withholding Tax columns of the payroll register for the five employees whose information was provided in PSa 2-4 and PSa 2-12. The state income tax withholding rate is 5% of taxable pay, with taxable pay being the same for federal and state income tax withholding. Additional information for each employee is provided below: . . . FWT-SM Luisa Williams makes a 401(k) retirement plan contribution of 14% of gross pay each period. 13, 14.9 . Jonathan Olsen participates in a cafeteria plan, to which he pays $100 each period. 11, 17'98 Nathan Upton does not make any voluntary deductions each period. 3, 3,25.37 . Juan Rodriguez makes a 403(b) retirement plan contribution of 13% of gross pay. 54, 31.67 54,31.67 Drew Painter participates in a flexible spending account, to which he contributes $50 each period. 24 Although you will further modify the Voluntary Withholdings column in the next chapter, you should comp this column (along with the FWT and SWT columns) based on the information provided above.
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