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Assume during the quarter ending December 31 of the current year, Cox Security Systems had 13 weekly paydays and three monthly paydays. 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. Employee Name Marital Status No. of W/H Allowances Regular Earnings Hall, Michael M 2 $5,000* Short, Joy T. S 3 2,750* Abbott, Linda S 4 520 Smith, Joseph M 1 465 Tols, Sean M. M 0 380 Gillespie, Michelle M 3 350 Smart, Jennifer S 2 575 White, Matthew J. M 0 425 *Monthly In addition to the regular salaries, the company pays an annual bonus based on the amount of earnings 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 28, 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. The payroll register for the period ending December 28th is shown reflecting the following for each employee: The wage-bracket method is used to withhold federal income tax from the regular salaries. A flat 25% is withheld on the annual bonus. Total salaries and bonuses are subject to a 2% state income tax and a 1% city income tax. For Period Ending December 28, 20-- Employee Name No. of Earnings Deductions Marital W/H (a) (b) (c) FICA (d) (e) (f) (g) Status Allowances Regular Supp'l. Total OASDI HI FIT SIT CIT Net Pay Hall, Michael M 2 $5,000.00* $4,800.00 $9,800.00 $607.60 $142.10 $1,666.00 $196.00 $98.00 $7,090.30 Short, Joy T. S 3 2,750.00* 2,640.00 5,390.00 334.18 78.16 852.00 107.80 53.90 3,963.96 Abbott, Linda S 4 520.00 2,163.20 2,683.20 166.36 38.91 557.80 53.66 26.83 1,839.64 Smith, Joseph M 1 465.00 1,934.40 2,399.40 148.76 34.79 505.60 47.99 23.99 1,638.27 Tols, Sean M. M 0 380.00 1,580.80 1,960.80 121.57 28.43 417.20 39.22 19.61 1,334.77 Gillespie, Michelle M 3 350.00 1,456.00 1,806.00 111.97 26.19 364.00 36.12 18.06 1,249.66 Smart, Jennifer S 2 575.00 2,392.00 2,967.00 183.95 43.02 645.00 59.34 29.67 2,006.02 White, Matthew J. M 0 425.00 1,768.00 2,193.00 135.97 31.80 468.00 43.86 21.93 1,491.44 Totals $10,465.00 $18,734.40 $29,199.40 $1,810.36 $423.40 $5,475.60 $583.99 $291.99 $20,614.06 Complete the following form to show: a. Total earnings paid during the quarter, including both the regular and the supplemental earnings. b. Total amount of FICA taxes withheld during the quarter. c. Total amount of federal income taxes withheld during the quarter. d. Total amount of state income taxes withheld during the quarter. e. Total amount of city income taxes withheld during the quarter. f. Total net amount paid each employee during the quarter. When computing withholding, round each amount to the nearest cent. If applicable, use rounded amount in subsequent computations. And use final rounded amount to determine the total. Click here to access the Wage-Bracket Method Tables. Employee Name (a) Deductions Total (b) FICA (c) (d) (e) (f) Earnings OASDI HI FIT SIT CIT Net Pay Hall, Michael $ $ $ $ $ $ $ Short, Joy T. Abbott, Linda Smith, Joseph Tols, Sean M. Gillespie, Michelle Smart, Jennifer White, Matthew J. Totals $ $ $ $ $ $ $ Feedback

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