I need help getting the answers to Social Security, Medicare, Vol. Withholding, and Net pay for #1!!! ### Employee Payroll Register Exercise#### Objective:Complete the remaining columns of the payroll register for the five employees whose information was provided in PSa 2-4, PSa 2-12, and PSa 3-8. All employees work in a state that does not require the withholding of disability insurance, and none of the employees file a tax return under married filing separately status. Additional information for each employee is provided below:---#### Employee Information:1. **Luisa Williams** - **Hourly Rate:** $7.50/hour - **Hours Worked:** 44 hours (most recent week) - **401(k) Contribution:** 14% of gross pay each period - **Personal Status:** Single - **Withholding Allowance:** One withholding allowance for both federal and state - **Voluntary Deductions:** - Life Insurance: $15 - Charitable Contribution: $5 each pay period - **Year-to-Date Taxable Earnings for Social Security:** $82,600 - **Check Number:** #0500---#### Notes:- For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.---This dataset will help you practice calculating gross pay, deductions, and net pay for employees based on given conditions. Apply the provided information and use the rounding rule to complete the payroll register accurately. **Payroll Register****Pay Period:** 09/06/2020 **Pay Date:** 09/12/2020| **Employee Name** | **Regular Hours** | **Regular Rate** | **Regular Earnings** | **Overtime Hours** | **Overtime Rate** | **Overtime Earnings** | **Total Earnings** | **FWT** | **SWT** | **Social Security** | **Medicare** | **Vol. With.** | **Check Number** | **Net Pay** ||-------------------|-------------------|------------------|---------------------|--------------------|-------------------|----------------------|--------------------|--------|--------|---------------------|------------|-------------|----------------|----------|| Williams, L | 40 | $7.50 | $300.00 | 4 | $11.25 | $45.00 | $345.00 | $15.00 | $14.84 | $ | $ | $ | $ | $ || Olsen, J | 40 | $9.10 | $364.00 | 7 | $13.65 | $95.55 | $459.55 | $12.00 | $17.98 | $ | $ | $ | $ | $ || Upton, N | 40 | $11.80 | $472.00 | 2 | $17.70 | $35.40 | $507.40 | $3.00 | $25.37 | $ | $ | $ | $ | $ || Rodriguez, J | 40 | $14.00 | $560.00 | 8 | $21.00 | $168.00 | $728.00 | $53.00 | $31.67 | $ | $ | $ | $ | $ || Painter, D | 40 | $16.65 | $664.00 | 11 | $24.90 | $273.90 | $937.90 | $25.00 | $44.40 | $ | $ | $ | $ | $ || **Totals:**

It is the amount payable to the employee after deducting the social security taxes, state income…

1. Luisa Williams earns $7.50/hour, and worked 44 hours during the most recent week. She makes a 401(k) retirement plan contribution of 14% of gross pay each period. Luisa Williams is single, and claims one withholding allowance for both federal and state. Luisa Williams voluntarily deducts life insurance of $15 and a charitable contribution of $5 each pay period. Her year-to-date taxable earnings for Social Security tax, prior to the current pay period, are $82,600, and she is paid with check #0500.

1. Luisa Williams earns $7.50/hour, and worked 44 hours during the most recent week. She makes a 401(k) retirement plan contribution of 14% of gross pay each period. Luisa Williams is single, and claims one withholding allowance for both federal and state. Luisa Williams voluntarily deducts life insurance of $15 and a charitable contribution of $5 each pay period. Her year-to-date taxable earnings for Social Security tax, prior to the current pay period, are $82,600, and she is paid with check #0500.

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter12: Preparing Payroll Records

Section: Chapter Questions

Problem 1MP

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Question

I need help getting the answers to Social Security, Medicare, Vol. Withholding, and Net pay for #1!!!

### Employee Payroll Register Exercise

#### Objective:
Complete the remaining columns of the payroll register for the five employees whose information was provided in PSa 2-4, PSa 2-12, and PSa 3-8. All employees work in a state that does not require the withholding of disability insurance, and none of the employees file a tax return under married filing separately status. Additional information for each employee is provided below:

---

#### Employee Information:
1. **Luisa Williams**
- **Hourly Rate:** $7.50/hour
- **Hours Worked:** 44 hours (most recent week)
- **401(k) Contribution:** 14% of gross pay each period
- **Personal Status:** Single
- **Withholding Allowance:** One withholding allowance for both federal and state
- **Voluntary Deductions:**
- Life Insurance: $15
- Charitable Contribution: $5 each pay period
- **Year-to-Date Taxable Earnings for Social Security:** $82,600
- **Check Number:** #0500

---

#### Notes:
- For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.

---

This dataset will help you practice calculating gross pay, deductions, and net pay for employees based on given conditions. Apply the provided information and use the rounding rule to complete the payroll register accurately.

**Payroll Register**

**Pay Period:** 09/06/2020
**Pay Date:** 09/12/2020

| **Employee Name** | **Regular Hours** | **Regular Rate** | **Regular Earnings** | **Overtime Hours** | **Overtime Rate** | **Overtime Earnings** | **Total Earnings** | **FWT** | **SWT** | **Social Security** | **Medicare** | **Vol. With.** | **Check Number** | **Net Pay** |
|-------------------|-------------------|------------------|---------------------|--------------------|-------------------|----------------------|--------------------|--------|--------|---------------------|------------|-------------|----------------|----------|
| Williams, L | 40 | $7.50 | $300.00 | 4 | $11.25 | $45.00 | $345.00 | $15.00 | $14.84 | $ | $ | $ | $ | $ |
| Olsen, J | 40 | $9.10 | $364.00 | 7 | $13.65 | $95.55 | $459.55 | $12.00 | $17.98 | $ | $ | $ | $ | $ |
| Upton, N | 40 | $11.80 | $472.00 | 2 | $17.70 | $35.40 | $507.40 | $3.00 | $25.37 | $ | $ | $ | $ | $ |
| Rodriguez, J | 40 | $14.00 | $560.00 | 8 | $21.00 | $168.00 | $728.00 | $53.00 | $31.67 | $ | $ | $ | $ | $ |
| Painter, D | 40 | $16.65 | $664.00 | 11 | $24.90 | $273.90 | $937.90 | $25.00 | $44.40 | $ | $ | $ | $ | $ |
| **Totals:**

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Help getting the answer to #5!! I need the answers for the Social Security , Medicare, and the Vol. Withholding!!
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