Question: The question is complete Using Wage-Bracket Method Tables for Dec 31, 2016 Assume during the quarter ending December 31 of the current year, Matson Office
The question is complete
Using Wage-Bracket Method Tables for Dec 31, 2016
Assume during the quarter ending December 31 of the current year, Matson Office Systems had 13 weekly paydays and three monthly paydays. The names of the employees of Matson Office Systems and their regular salaries are shown in the following payroll register. Note that Wayne and Young are paid monthly on the last payday, while all others are paid weekly.
| Employee Name | Marital Status | No. of W/H Allowances | Regular Earnings |
| Wayne, Bret | M | 5 | $4,200* |
| Young, Gina | M | 2 | 4,150* |
| Course, Rudy | S | 1 | 810 |
| Dickson, Emile | M | 4 | 715 |
| Woodrow, Walt | M | 2 | 695 |
| Noblet, Jim | S | 1 | 525 |
| Ono, Joan | M | 2 | 800 |
| Jones, Carrie | S | 0 | 645 |
*Monthly
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 29, 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.
The payroll register for the period ending December 29th is shown.
For Period Ending December 29, 20--
| Earnings | Deductions | ||||||||||
| (a) Supp'l | (b) Total | (c) FICA | (d) FIT | (e) SIT | (f) CIT | (g) Net Pay | |||||
| Employee Name | Marital Status | No. Of W/H Allowances | Regular | OASDI | HI | ||||||
| Wayne, Bret | M | 5 | $ 4,200.00* | $ 4,032.00 | $8,232.00 | $510.38 | $119.36 | $1,204.00 | $164.64 | $82.32 | $ 6,151.30 |
| Young, Gina | M | 2 | 4,150.00* | 3,984.00 | 8,134.00 | 504.31 | 117.94 | 1,332.00 | 162.68 | 81.34 | 5,935.73 |
| Course, Rudy | S | 1 | 810.00 | 3,369.60 | 4,179.60 | 259.14 | 60.60 | 937.40 | 83.59 | 41.80 | 2,797.07 |
| Dickson, Emile | M | 4 | 715.00 | 2,974.40 | 3,689.40 | 228.74 | 53.50 | 767.60 | 73.79 | 36.89 | 2,528.88 |
| Woodrow, Walt | M | 2 | 695.00 | 2,891.20 | 3,586.20 | 222.34 | 52.00 | 760.80 | 71.72 | 35.86 | 2,443.48 |
| Noblet, Jim | S | 1 | 525.00 | 2,184.00 | 2,709.00 | 167.96 | 39.28 | 598.00 | 54.18 | 27.09 | 1,822.49 |
| Ono, Joan | M | 2 | 800.00 | 3,328.00 | 4,128.00 | 255.94 | 59.86 | 887.00 | 82.56 | 41.28 | 2,801.36 |
| Jones, Carrie | S | 0 | 645.00 | 2,683.20 | 3,328.20 | 206.35 | 48.26 | 751.80 | 66.56 | 33.28 | 2,221.95 |
| Totals | $12,540.00 | $25,446.40 | $37,986.40 | $2,355.16 | $550.80 | $7,238.60 | $759.72 | $379.86 | $26,702.26 | ||
Complete the following table to show:
a. Total earnings paid during the quarter, including both the regular and the supplemental earnings.
b. Total amount of FICA taxes withheld during the quarter.
c. Total amount of federal income taxes withheld during the quarter.
d. Total amount of state income taxes withheld during the quarter.
e. Total amount of city income taxes withheld during the quarter.
f. Total net amount paid each employee during the quarter.
When computing withholding, calculate each pay separately adding rounded amounts to get total.
Using Wage-Bracket Method Tables for Dec 31, 2016
| Employee Name | (a) | Deductions | |||||
| Total | (b) FICA | (c) | (d) | (e) | (f) | ||
| Earnings | OASDI | HI | FIT | SIT | CIT | Net Pay | |
| Wayne, Bret | $ | $ | $ | $ | $ | $ | $ |
| Young, Gina | |||||||
| Course, Rudy | |||||||
| Dickson, Emile | |||||||
| Woodrow, Walt | |||||||
| Noblet, Jim | |||||||
| Ono, Joan | |||||||
| Jones, Carrie | |||||||
| Totals | $ | $ | $ | $ | $ | $ | $ |
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