PSb 3-11 Populate Employee Earnings Records (#2) Complete the federal withholding tax (wage-bracket method) and state withholding columns of the employee earnings record for the employee listed below. The state income tax withholding rate is 5.0% of taxable pay, with taxable pay being the same for federal and state income tax withholding. The associated pay period ends on 07/19/2020 (enter the year using four digits). Every employee earns hourly overtime wages 1.5 times greater than their regular wage rate. Note that the Retirement Contribution and Additional Withholding columns, for which partial information is provided below, has been populated based on the partial information shown here. Tyler Thomas (SSN 898-89-8989) lives at 4004 Dartmouth Court, Reno, NV 89501, is single, claims 3 federal withholding allowances, and 2 state withholding allowance. He earns $10.90/hour, and worked 45 hours during the most recent week. Tyler participates in a cafeteria plan, to which he pays $75 each period. Notes: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation. Payroll Register 07/19/2020 Pay Period 07/25/2020 Pay Date Earnings Deductions Employee Regular Regular Regular Overtime Overtime Overtime Total FWT SWT Social Medicare Vol. With. Check Net Pay Name Hours Rate Earnings Hours Rate Earnings Earnings Security Number Troffa, J 40 $7.80 $312.00 1 $11.70 $11.70 $323.70 $0.00 $14.73 $ $29.13 $ Thomas, T 40 $10.90 $436.00 5 $16.35 $81.75 $517.75 $12.00 $22.14 %24 $ $75.00 %24 Brown, R 40 $14.60 $584.00 $21.90 $175.20 $759.20 $58.00 $37.96 %24 $ Kaminski, M 40 $640.00 $16.00 15 $24.00 $360.00 $1,000.00 $66.00 $45.00 $ $100.00 Baldwin, T 40 $17.10 $684.00 10 $25.65 $256.50 $940 50 $27.00 $41.53 $110.00 $ 2$ 2$ $ %24 %24 %2$ 2$ 2$ 2$ Totals: $2,656.00 $885.15 $3,541.15 $163.00 $161.36 2$ $314.13 2$ Open Directions in Popup Window A Send Email with Screen Capture M Employee Earnings Record Name Tyler Thomas Marital Status Single Address 4004 Dartmouth Court Fed. Withholding Allow. 3 Reno, NV 89501 State Withholding Allow. 2 SS# 898-89-8989 Earnings Deductions 07/19/2020 40 $10.90 $436.00 $16.35 $81.75 $517.75 75.00 MM/DD/YYYY MM/DD/YYYY MM/DD/YYYY MM/DD/YYYY IS MM/DD/YYYY MM/DD/YYYY 2$ MM/DD/YYYY Pay Period Ending Regular Hours Worked Regular Pay Rate Regular Wages Overtime Hours Worked EOvertime Pay Rate Overtime Wages Gross Pay rederal Withnolding lax State Wihholding Tax Soaal Security lax Medicare Tax Retirement Contribution Life Insurance Charitable Contribution Additional Withholding Check Number Net Pay
PSb 3-11 Populate Employee Earnings Records (#2) Complete the federal withholding tax (wage-bracket method) and state withholding columns of the employee earnings record for the employee listed below. The state income tax withholding rate is 5.0% of taxable pay, with taxable pay being the same for federal and state income tax withholding. The associated pay period ends on 07/19/2020 (enter the year using four digits). Every employee earns hourly overtime wages 1.5 times greater than their regular wage rate. Note that the Retirement Contribution and Additional Withholding columns, for which partial information is provided below, has been populated based on the partial information shown here. Tyler Thomas (SSN 898-89-8989) lives at 4004 Dartmouth Court, Reno, NV 89501, is single, claims 3 federal withholding allowances, and 2 state withholding allowance. He earns $10.90/hour, and worked 45 hours during the most recent week. Tyler participates in a cafeteria plan, to which he pays $75 each period. Notes: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation. Payroll Register 07/19/2020 Pay Period 07/25/2020 Pay Date Earnings Deductions Employee Regular Regular Regular Overtime Overtime Overtime Total FWT SWT Social Medicare Vol. With. Check Net Pay Name Hours Rate Earnings Hours Rate Earnings Earnings Security Number Troffa, J 40 $7.80 $312.00 1 $11.70 $11.70 $323.70 $0.00 $14.73 $ $29.13 $ Thomas, T 40 $10.90 $436.00 5 $16.35 $81.75 $517.75 $12.00 $22.14 %24 $ $75.00 %24 Brown, R 40 $14.60 $584.00 $21.90 $175.20 $759.20 $58.00 $37.96 %24 $ Kaminski, M 40 $640.00 $16.00 15 $24.00 $360.00 $1,000.00 $66.00 $45.00 $ $100.00 Baldwin, T 40 $17.10 $684.00 10 $25.65 $256.50 $940 50 $27.00 $41.53 $110.00 $ 2$ 2$ $ %24 %24 %2$ 2$ 2$ 2$ Totals: $2,656.00 $885.15 $3,541.15 $163.00 $161.36 2$ $314.13 2$ Open Directions in Popup Window A Send Email with Screen Capture M Employee Earnings Record Name Tyler Thomas Marital Status Single Address 4004 Dartmouth Court Fed. Withholding Allow. 3 Reno, NV 89501 State Withholding Allow. 2 SS# 898-89-8989 Earnings Deductions 07/19/2020 40 $10.90 $436.00 $16.35 $81.75 $517.75 75.00 MM/DD/YYYY MM/DD/YYYY MM/DD/YYYY MM/DD/YYYY IS MM/DD/YYYY MM/DD/YYYY 2$ MM/DD/YYYY Pay Period Ending Regular Hours Worked Regular Pay Rate Regular Wages Overtime Hours Worked EOvertime Pay Rate Overtime Wages Gross Pay rederal Withnolding lax State Wihholding Tax Soaal Security lax Medicare Tax Retirement Contribution Life Insurance Charitable Contribution Additional Withholding Check Number Net Pay
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question

Transcribed Image Text:PSb 3-11 Populate Employee Earnings Records (#2)
Complete the federal withholding tax (wage-bracket method) and state withholding tax columns of the employee earnings record for the employee listed below. The state income tax withholding rate is 5.0% of
taxable pay, with taxable pay being the same for federal and state income tax withholding. The associated pay period ends on 07/19/2020 (enter the year using four digits). Every employee earns hourly overtime
wages 1.5 times greater than their regular wage rate. Note that the Retirement Contribution and Additional Withholding columns, for which partial information is provided below, has been populated based on the
partial information shown here.
Tyler Thomas (SSN 898-89-8989) lives at 4004 Dartmouth Court, Reno, NV 89501, is single, claims 3 federal withholding allowances, and 2 state withholding allowance. He earns $10.90/hour, and worked 45
hours during the most recent week. Tyler participates in a cafeteria plan, to which he pays $75 each period.
Notes:
For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.
Payroll Register
07/19/2020
Pay Period
07/25/2020
Pay Date
Earnings
Deductions
Employee
Regular Regular
Regular
Overtime
Overtime
Overtime
Total
FWT
SWT
Social
Medicare
Vol. With.
Check
Net Pay
Name
Hours
Rate
Earnings
Hours
Rate
Earnings
Earnings
Security
Number
Troffa, J
40
$7.80
$312.00
1
$11.70
$11.70
$323.70
$0.00
$14.73
$
$29.13
$
Thomas, T
40
$10.90
$436.00
$16.35
$81.75
$517.75
$12.00
$22.14
2$
$75.00
$
Brown, R
40
$14.60
$584.00
8
$21.90
$175.20
$759.20
$58.00
$37.96
$
2$
Kaminski, M
40
$16.00
$640.00
15
$24.00
$360.00
$1,000.00
$66.00
$45.00
2$
$
$100.00
Baldwin. T
40
$17.10
$684.00
10
$25.65
$256.50
$940.50
$27.00
$41.53
$
$110.00
$
$
$
$
$
$
$
2$
$
2$
Totals
$2,656.00
$885.15
$3,541.15
$163.00
$161.36
24
$314.13
$
Open Directions in Popup Window
Send Email with Screen Capture
Employee Earnings Record
Name
Tyler Thomas
Marital Status
Single
Address
4004 Dartmouth Court
Fed. Withholding Allow.
3
Reno, NV 89501
State Withholding Allow.
2
898-89-8989
Earnings
Deductions
07/19/2020
40
$10.90
$436.00
5
$16.35
$81.75
$517.75
75.00
MM/DD/YYYY
MM/DD/YYYY
$
$
2$
MM/DD/YYYY
$
MM/DD/YYYY
$
MM/DD/YYYY
MM/DD/YYYY
MM/DD/YYYY
Pay Period Ending
Regular Hours Worked
Regular Pay Rate
Regular Wages
Overtime HOurs Worked
& Overtime Pay Rate
Overtime Wages
Gross Pay
Federal Withholding Tax
State Withholding Tax
Social Security Tax
Medicare Tax
Retirement Contribution
Life Insurance
Charitable Contribution
8 Additional Withholding
Check Number
Net Pay
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