*The percentage table could also be used. Note: OASDI and HD withholdings are calculated on total earnings per pay period multiplied by number of pay periods and then added together to wwwwww. arrive at a quarter's total withholding. Quarterly and year-to-date information would appear on Robinson's employee earnings record. The names of the employees of Cox Security Systems and their regular salaries are shown in the following payroll register. Note that Hall and Short are paid monthly on the last payday, while all others are paid weekly. In addition to the regular salaries, the company pays an annual bonus based on the amount of eamings for the year. For the current year the bonus amounts to 8% of the annual salary paid to each employee. The bonus is to be paid along with the regular salaries on December 27, 20, but the amount of the bonus and the amount of the regular salary will be shown separately on each employee's earnings statement. Assume that all employees received their regular salary during the entire year Prepare the payroll for the pay period ending December 27, 20, showing the following for each employee: . Use the wage-bracket method to withhold federal income tax from the regular salaries Withhold a flat 22% on the annual bonu Total salaries and bonuses are subject to a 16 state income tax and a 3% city income tax Enter all amounts as positive numbers. Round your answers to the nearest cent. As we go to press, the federal income tax rates for 2024 are being determined by budget talks in Washington, and are not available for publication. For this edition, the 2023 federal income tax tables for Manual Systems with Forms W-4 From 2020 or Later with Standard Withholding and 2023 FICA rates have been used. Click here to access the Wage-Bracket Method Tables For Period Ending December 27, 20 Employee Name Hall, Michael Short Joy T Abbott, Linda Smith, Joseph Tols. Sean M. Gillespie, Michelle Smart, Jennifer White, Matthew J Total Filing Status MFJ MFJ S MFJ MFJ MFJ MFJ No. of W/H Allowances N/A N/A MA N/A N/A N/A N/A N/A N/A Regular $3.500.00 2.750.00 520.00 465.00 300.00 350.00 $1.042.00 575.00 425.00 $ "Monthly Compute the employer's FICA taxes for the pay period ending December 27, 20 OASDI Taxes HI Taxes OASD tablamings OASI Haxable earnings HI taxes Earnings (a) Suppl. (b) Total OASDI (c) FICA HI Deductions (d) FIT (0) SIT CIT (9) Net Pay