2. Section BDIRECTIONS: Complete Problems 1 and 2 by recording your answers in the spaces provided. Use the following tax rates and taxable wage bases: Employees and Employers OASDI6.2% both on $132,900; HI1.45% for employees and employers on the total wages paid. Employees Supplemental HI of 0.9% on wages in excess of $200,000 was not applicable in these problems.

   1. At Haddon, Inc., the office workers are employed for a 40-hour workweek and are paid on either an annual, monthly, or hourly basis. All office workers are entitled to overtime pay for all hours worked beyond 40 each workweek at 1 times the regular hourly rates.

On the form below, calculate for each worker: (a) regular earnings, (b) overtime earnings, (c) total regular and overtime earnings, (d) FICA taxable wages,

(e) FICA taxes to be withheld, and (f) net pay for the week ended December 26, 20--. Assume that there are 52 weekly payrolls in 20--. Also, determine the total for each of these six items. (please include all the calculation special for King, M. the FICA Taxable Wages OASDI and HI

Weekly Payroll for Period Ending December 26, 20--

Employee	Salary	Hours Worked	Regular Earnings (A)	Overtime Earnings (B)	Total Reg. and O/T Earnings (C)	Cumulative Taxable Wages as of Last Pay Period (12/19/--)	FICA Taxable Wages This Pay Period (D)		FICA Taxes to be Withheld (E)		Net Pay (F)
							OASDI	HI	OASDI	HI
OFFICE: King, M.	$135,200 per yr.	40				$132,600.00
Manera, E.	$6,500 per mo.	40				$76,500.00
Tate, S.	$3,900 per mo.	48				$45,900.00
Yee, L.	$12.50 per hr.	44				$27,675.13
PLANT: Diaz, R.	$12.50 per hr.	48				$14,778.96
Zagst, J.	$14.50 per hr.	52				$24,703.02
Totals

Employers FICA Taxes: OASDI $ HI $