Empty Fields Company pays its salaried employees monthly on the last day of each month. The annual salary payroll for 20-- follows. Compute the following for the payroll of December 31; round your answers to the nearest cent. Employee Annual Salary OASDI Taxable Wages OASDI Tax HI Taxable Wages HI Tax Utley, Genna $37,040 $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 $fill in the blank 4 Werth, Norm 48,900 fill in the blank 5 fill in the blank 6 fill in the blank 7 fill in the blank 8 Bass, John 40,000 fill in the blank 9 fill in the blank 10 fill in the blank 11 fill in the blank 12 Ruiz, Sam 150,000 fill in the blank 13 fill in the blank 14 fill in the blank 15 fill in the blank 16 Compton, Sue 36,900 fill in the blank 17 fill in the blank 18 fill in the blank 19 fill in the blank 20 Williams, Mary 48,500 fill in the blank 21 fill in the blank 22 fill in the blank 23 fill in the blank 24 Patel, Raymond 106,080 fill in the blank 25 fill in the blank 26 fill in the blank 27 fill in the blank 28 Carson, Abe 56,900 fill in the blank 29 fill in the blank 30 fill in the blank 31 fill in the blank 32 Livinsky, Sarah 37,850 fill in the blank 33 fill in the blank 34 fill in the blank 35 fill in the blank 36 Harper, Mark 51,200 fill in the blank 37 fill in the blank 38 fill in the blank 39 fill in the blank 40 Totals $fill in the blank 41 $fill in the blank 42 $fill in the blank 43 $fill in the blank 44 Employer's OASDI Tax $fill in the blank 45 Employer's HI Tax $fill in the blank 46 Feedback Area Feedback Calculate OASDI Taxable Wages; for any employee earning over the OASDI ceiling consider year-to-date earnings prior to current pay period. Multiply OASDI Taxable Wages by OASDI rate. Multiply HI taxable earnings by HI rate. For employer's OASDI Tax, multiply total of OASDI Taxable Wages

Empty Fields Company pays its salaried employees monthly on the last day of each month. The annual salary payroll for 20-- follows. Compute the following for the payroll of December 31; round your answers to the nearest cent. Employee Annual Salary OASDI Taxable Wages OASDI Tax HI Taxable Wages HI Tax Utley, Genna $37,040 $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 $fill in the blank 4 Werth, Norm 48,900 fill in the blank 5 fill in the blank 6 fill in the blank 7 fill in the blank 8 Bass, John 40,000 fill in the blank 9 fill in the blank 10 fill in the blank 11 fill in the blank 12 Ruiz, Sam 150,000 fill in the blank 13 fill in the blank 14 fill in the blank 15 fill in the blank 16 Compton, Sue 36,900 fill in the blank 17 fill in the blank 18 fill in the blank 19 fill in the blank 20 Williams, Mary 48,500 fill in the blank 21 fill in the blank 22 fill in the blank 23 fill in the blank 24 Patel, Raymond 106,080 fill in the blank 25 fill in the blank 26 fill in the blank 27 fill in the blank 28 Carson, Abe 56,900 fill in the blank 29 fill in the blank 30 fill in the blank 31 fill in the blank 32 Livinsky, Sarah 37,850 fill in the blank 33 fill in the blank 34 fill in the blank 35 fill in the blank 36 Harper, Mark 51,200 fill in the blank 37 fill in the blank 38 fill in the blank 39 fill in the blank 40 Totals $fill in the blank 41 $fill in the blank 42 $fill in the blank 43 $fill in the blank 44 Employer's OASDI Tax $fill in the blank 45 Employer's HI Tax $fill in the blank 46 Feedback Area Feedback Calculate OASDI Taxable Wages; for any employee earning over the OASDI ceiling consider year-to-date earnings prior to current pay period. Multiply OASDI Taxable Wages by OASDI rate. Multiply HI taxable earnings by HI rate. For employer's OASDI Tax, multiply total of OASDI Taxable Wages

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Calculate OASDI Taxable Wages; for any employee earning over the OASDI ceiling consider year-to-date earnings prior to current pay period. Multiply OASDI Taxable Wages by OASDI rate. Multiply HI taxable earnings by HI rate.

For employer's OASDI Tax, multiply total of OASDI Taxable Wages

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Employee	Annual Salary	OASDI Taxable Wages	OASDI Tax	HI Taxable Wages	HI Tax
Utley, Genna	$37,040		$fill in the blank 1		$fill in the blank 2	$fill in the blank 3	$fill in the blank 4
Werth, Norm	48,900		fill in the blank 5		fill in the blank 6	fill in the blank 7	fill in the blank 8
Bass, John	40,000		fill in the blank 9		fill in the blank 10	fill in the blank 11	fill in the blank 12
Ruiz, Sam	150,000		fill in the blank 13		fill in the blank 14	fill in the blank 15	fill in the blank 16
Compton, Sue	36,900		fill in the blank 17		fill in the blank 18	fill in the blank 19	fill in the blank 20
Williams, Mary	48,500		fill in the blank 21		fill in the blank 22	fill in the blank 23	fill in the blank 24
Patel, Raymond	106,080		fill in the blank 25		fill in the blank 26	fill in the blank 27	fill in the blank 28
Carson, Abe	56,900		fill in the blank 29		fill in the blank 30	fill in the blank 31	fill in the blank 32
Livinsky, Sarah	37,850		fill in the blank 33		fill in the blank 34	fill in the blank 35	fill in the blank 36
Harper, Mark	51,200		fill in the blank 37		fill in the blank 38	fill in the blank 39	fill in the blank 40
Totals			$fill in the blank 41		$fill in the blank 42	$fill in the blank 43	$fill in the blank 44

Employer's OASDI Tax	$fill in the blank 45
Employer's HI Tax	$fill in the blank 46