2. Jonathan Olsen earns $9.10/hour, and worked 47 hours during the most recent week. He participates in a cafeteria plan, to which he pays $100 each period. Jonathan Olsen is single, claims two federal withholding allowances, and one state withholding allowance. Jonathan Olsen voluntarily deducts a charitable contribution of $10 each pay period. His year-to-date taxable earnings for Social Security tax, prior to the current pay period, are $31,550, and he is paid with check #0501.

PAYROLL ACCT.,2019 ED.(LL)-TEXT
19th Edition
ISBN:9781337619783
Author:BIEG
Publisher:BIEG
Chapter4: Income Tax Withholding
Section: Chapter Questions
Problem 5PB
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I need help getting the answers to the Social Security, Medicare, Vol. Withholding, and Net pay for #2!!!
Payroll Register
Pay Period
09/06/2020
Pay Date
09/12/2020
Earnings
Deductions
Employee
Regular Regular
Regular
Overtime
Overtime
Overtime
Total
Vol. With.
Net Pay
FWT
SWT
Social
Medicare
Check
Name
Hours
Rate
Earnings
Hours
Rate
Earnings
Earnings
Security
Number
Williams, L
40
$7.50
$300.00
4
$11.25
$45.00
$345.00
$15.00
$14.84
%24
$
24
$
Olsen, J
40
$9.10
$364.00
$13.65
$95.55
$459,55
$12.00
$17.98
$
$
24
24
Upton, N
40
$11.80
$472.00
2
$17.70
$35.40
$507.40
$3.00
$25.37
$
$
24
Rodriguez, J 40
$14.00
$560.00
8.
$21.00
$168.00
$728.00
$53.00
$31.67
2$
24
2$
24
Painter, D
40
$16.60
$664.00
11
$24.90
$273.90
$937.90
$25.00
$44.40
%24
2$
2$
%24
$
$
%24
24
%2$
2$
$
$
2$
%24
$
$
$
$
$
$
$
Totals:
$2,360.00
$617.85
$2,977.85 $108.00
$134.26 $
24
$
Transcribed Image Text:Payroll Register Pay Period 09/06/2020 Pay Date 09/12/2020 Earnings Deductions Employee Regular Regular Regular Overtime Overtime Overtime Total Vol. With. Net Pay FWT SWT Social Medicare Check Name Hours Rate Earnings Hours Rate Earnings Earnings Security Number Williams, L 40 $7.50 $300.00 4 $11.25 $45.00 $345.00 $15.00 $14.84 %24 $ 24 $ Olsen, J 40 $9.10 $364.00 $13.65 $95.55 $459,55 $12.00 $17.98 $ $ 24 24 Upton, N 40 $11.80 $472.00 2 $17.70 $35.40 $507.40 $3.00 $25.37 $ $ 24 Rodriguez, J 40 $14.00 $560.00 8. $21.00 $168.00 $728.00 $53.00 $31.67 2$ 24 2$ 24 Painter, D 40 $16.60 $664.00 11 $24.90 $273.90 $937.90 $25.00 $44.40 %24 2$ 2$ %24 $ $ %24 24 %2$ 2$ $ $ 2$ %24 $ $ $ $ $ $ $ Totals: $2,360.00 $617.85 $2,977.85 $108.00 $134.26 $ 24 $
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 files a tax return under married filing separately status. Additional information for each employee is provided below:
2. Jonathan Olsen earns $9.10/hour, and worked 47 hours during the most recent week. He participates in a cafeteria plan, to which he pays $100 each period. Jonathan Olsen is single, claims two federal
withholding allowances, and one state withholding allowance. Jonathan Olsen voluntarily deducts a charitable contribution of $10 each pay period. His year-to-date taxable earnings for Social Security tax,
prior to the current pay period, are $31,550, and he is paid with check #0501.
Notes:
• For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.
Transcribed Image Text: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 files a tax return under married filing separately status. Additional information for each employee is provided below: 2. Jonathan Olsen earns $9.10/hour, and worked 47 hours during the most recent week. He participates in a cafeteria plan, to which he pays $100 each period. Jonathan Olsen is single, claims two federal withholding allowances, and one state withholding allowance. Jonathan Olsen voluntarily deducts a charitable contribution of $10 each pay period. His year-to-date taxable earnings for Social Security tax, prior to the current pay period, are $31,550, and he is paid with check #0501. Notes: • For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.
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