My other question did not have the completed time card attached. The completed timecard is attached below.Complete the payroll register for Bill Brown for the pay period ending on August 31.Fill in the regular, overtime, and total earnings from the time card.Calculate Bill’s federal income tax using the IRS Employee Income Tax Withholding table for a semimonthly pay period (see https://www.irs.gov/pub/irs-pdf/p15t.pdf).Calculate Social Security tax at 6.2% and Medicare tax at 1.45%.Bill elected to withhold 10% of his earnings for retirement and 5% for health insurance.Calculate Net Pay.Bill will be paid with Check No. 1145. **B and C Sporting Goods Payroll Register**- **Semimonthly period ended:** August 31, 20xx- **Date of payment:** August 31, 20xx| Empl. No. | Name | Marital Status | No. of Allowances | Regular | Overtime | Total | Federal Income | Social Security | Medicare Tax | Health Insurance | Retirement Plan | Total Deductions | Net Pay | Check No. ||-----------|---------------|----------------|-------------------|---------|----------|--------|----------------|----------------|-------------|-----------------|-----------------|------------------|---------|----------|| 145 | Brown, Bill | M | 2 | 1,058.00| 48.50 | 1,106.50 | 93.00 | 68.60 | 16.04 | 60.00 | 25.00 | 262.65 | 843.85 | 1146 || 157 | Hanifan, Ted | M | 2 | 1,074.00| 84.00 | 1,158.00 | 99.00 | 71.80 | 16.79 | 90.00 | 20.00 | 288.59 | 869.41 | 1147 || 149 | Jones, Beth | S | 4 | 1,086.00| 72.00 | 1,158.00 | 115.00 | 85.80 | 19.78 | 45.00 | 35.00 | 300.58 | 857.42 | 1148 || 134 | Lowe, Judy | M | 2 | 1,486.00| 108.00 | 1,594.00 | 165.00 | 98.83 | 23.11 | 60.00 | 15.00 | 361.94 | 1,197.06| 1149 || **Totals**| | | | 3,618.00| 240.50 | 3,858.50 | 348. ### B & C Sporting Goods Timecard**Employee Information**- **Employee No.:** 145- **Name:** Bill Brown- **Pay Period Ended:** 31-Aug-22#### Time Tracking Details| Date | Morning | | Afternoon | | Overtime | | Hours ||----------|---------|---------|----------|---------|---------|---------|---------|| | IN | OUT | IN | OUT | IN | OUT | REG | OT || 17-Aug | 7:58 | 12:01 | | | | | 4 | || 18-Aug | 7:58 | 11:59 | 1:05 | 5:06 | 5:28 | 7:59 | 8 | 2.5 || 19-Aug | 7:56 | 12:02 | 1:04 | 5:02 | | | 8 | || 20-Aug | 7:58 | 12:06 | | | 5:28 | 8:56 | 8 | 3.5 || 21-Aug | 8:00 | 12:01 | 12:59 | 5:00 | 6:00 | 9:02 | 8 | 3 || 22-Aug | 8:00 | 11:59 | 1:00 | 5:00 | | | 8 | || 25-Aug | | | | | | | | || 26-Aug | 7:58 | 12:00 | 1:04 | 5:06 | | | 8 | || 27-Aug | 8:02 | 12:01 | 12:56 | 5:02 | 6:00 | 8:30 | 8 | 2.5 || 28-Aug | 7:59 | 12:01 | 12:59 |

Answered: My other question did not have the…

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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My other question did not have the completed time card attached. The completed timecard is attached below.

Complete the payroll register for Bill Brown for the pay period ending on August 31.

1. Fill in the regular, overtime, and total earnings from the time card.
2. Calculate Bill’s federal income tax using the IRS Employee Income Tax Withholding table for a semimonthly pay period (see https://www.irs.gov/pub/irs-pdf/p15t.pdf).
3. Calculate Social Security tax at 6.2% and Medicare tax at 1.45%.
4. Bill elected to withhold 10% of his earnings for retirement and 5% for health insurance.
5. Calculate Net Pay.
6. Bill will be paid with Check No. 1145.

**B and C Sporting Goods Payroll Register**

- **Semimonthly period ended:** August 31, 20xx
- **Date of payment:** August 31, 20xx

| Empl. No. | Name | Marital Status | No. of Allowances | Regular | Overtime | Total | Federal Income | Social Security | Medicare Tax | Health Insurance | Retirement Plan | Total Deductions | Net Pay | Check No. |
|-----------|---------------|----------------|-------------------|---------|----------|--------|----------------|----------------|-------------|-----------------|-----------------|------------------|---------|----------|
| 145 | Brown, Bill | M | 2 | 1,058.00| 48.50 | 1,106.50 | 93.00 | 68.60 | 16.04 | 60.00 | 25.00 | 262.65 | 843.85 | 1146 |
| 157 | Hanifan, Ted | M | 2 | 1,074.00| 84.00 | 1,158.00 | 99.00 | 71.80 | 16.79 | 90.00 | 20.00 | 288.59 | 869.41 | 1147 |
| 149 | Jones, Beth | S | 4 | 1,086.00| 72.00 | 1,158.00 | 115.00 | 85.80 | 19.78 | 45.00 | 35.00 | 300.58 | 857.42 | 1148 |
| 134 | Lowe, Judy | M | 2 | 1,486.00| 108.00 | 1,594.00 | 165.00 | 98.83 | 23.11 | 60.00 | 15.00 | 361.94 | 1,197.06| 1149 |
| **Totals**| | | | 3,618.00| 240.50 | 3,858.50 | 348.

### B & C Sporting Goods Timecard

**Employee Information**
- **Employee No.:** 145
- **Name:** Bill Brown
- **Pay Period Ended:** 31-Aug-22

#### Time Tracking Details

| Date | Morning | | Afternoon | | Overtime | | Hours |
|----------|---------|---------|----------|---------|---------|---------|---------|
| | IN | OUT | IN | OUT | IN | OUT | REG | OT |
| 17-Aug | 7:58 | 12:01 | | | | | 4 | |
| 18-Aug | 7:58 | 11:59 | 1:05 | 5:06 | 5:28 | 7:59 | 8 | 2.5 |
| 19-Aug | 7:56 | 12:02 | 1:04 | 5:02 | | | 8 | |
| 20-Aug | 7:58 | 12:06 | | | 5:28 | 8:56 | 8 | 3.5 |
| 21-Aug | 8:00 | 12:01 | 12:59 | 5:00 | 6:00 | 9:02 | 8 | 3 |
| 22-Aug | 8:00 | 11:59 | 1:00 | 5:00 | | | 8 | |
| 25-Aug | | | | | | | | |
| 26-Aug | 7:58 | 12:00 | 1:04 | 5:06 | | | 8 | |
| 27-Aug | 8:02 | 12:01 | 12:56 | 5:02 | 6:00 | 8:30 | 8 | 2.5 |
| 28-Aug | 7:59 | 12:01 | 12:59 |

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