Haggerty Company pays its sala
Haggerty Company pays its salaried employees monthly on the lastday of each month. The annual salary payroll for 20– follows.Compute the following for the payroll of December 31:
If an amount is zero, enter “0”. Round your answers to thenearest cent.
| Employee | Annual Salary | OASDI Taxable Wages | OASDI Tax | HI Taxable Wages | HI Tax |
| Stern, Myra | $42,150 | $ | $ | $ | $ |
| Lundy, Hal | 39,500 | ||||
| Franks, Rob | 46,000 | ||||
| Haggerty, Alan | 161,280 | ||||
| Ward, Randy | 40,800 | ||||
| Hoskin, Al | 39,600 | ||||
| Wee, Pam | 106,800 | ||||
| Prince, Harry | 76,800 | ||||
| Maven, Mary | 52,000 | ||||
| Harley, David | 68,960 | ||||
| Totals | $673,890.00 | $ | $ | $ | $ |
| Employer’s OASDI Tax | $ |
| Employer’s HI Tax | $ |
Answer:
Computation of the payroll of December 31:
|
Employee |
Annual Salary |
OASDI Taxable Wages |
OASDI Tax = 6.2% |
HI Taxable Wages |
HI Tax = 1.45% |
|
Stern, Myra |
$42,150 |
42,150.00 |
2,613.30 |
42,150.00 |
611.18 |
|
Lundy, Hal |
39,500 |
39,500.00 |
2,449.00 |
39,500.00 |
572.75 |
|
Franks, Rob |
46,000 |
46,000.00 |
2,852.00 |
46,000.00 |
667.00 |
|
Haggerty, Alan |
161,280 |
128,400.00 |
7,960.80 |
161,280.00 |
2,338.56 |
|
Ward, Randy |
40,800 |
40,800.00 |
2,529.60 |
40,800.00 |
591.60 |
|
Hoskin, Al |
39,600 |
39,600.00 |
2,455.20 |
39,600.00 |
574.20 |
|
Wee, Pam |
106,800 |
106,800.00 |
6,621.60 |
106,800.00 |
1,548.60 |
|
Prince, Harry |
76,800 |
76,800.00 |
4,761.60 |
76,800.00 |
1,113.60 |
|
Maven, Mary |
52,000 |
52,000.00 |
3,224.00 |
52,000.00 |
754.00 |
|
Harley, David |
68,960 |
68,960.00 |
4,275.52 |
68,960.00 |
999.92 |
|
Totals |
$673,890.00 |
641,010.00 |
39,742.62 |
673,890.00 |
9,771.41 |
|
Employer’s OASDI Tax |
$39,742.62 |
|
Employer’s HI Tax |
$9,771.41 |
"Our Prices Start at $11.99. As Our First Client, Use Coupon Code GET15 to claim 15% Discount This Month!!"
