Question: PSc 3-8: Populate a Payroll Register This problem is a continuation of an exercise from Chapter 2. Complete the FWT (wage-bracket method) and SWT columns

PSc 3-8: Populate a Payroll Register This problem
PSc 3-8: Populate a Payroll Register This problem is a continuation of an exercise from Chapter 2. Complete the FWT (wage-bracket method) and SWT columns of the payroll register for the five employees whose information was provided in PSc 2-4 and PSC 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: 1. Shelley Brothers makes a 401(k) retirement plan contribution of 8% of gross pay each period. 2. Don Beldon participates in a cafeteria plan, to which he pays $100 each period. 3. Alex Donaldson does not make any voluntary deductions per period. 4. Jason Kindler makes a 403(b) retirement plan contribution of 13% of gross pay. 5. Sam Wilder participates in a flexible spending account, to which he contributes $50 each period. Although you will further modify the Voluntary Withholdings column in the next chapter, you should complete this column (along with the FWT and SWT columns) based on the information provided above

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