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Payroll Records & Accounting

There are $3$ problems to solve please.

The employees of Ethereal Bank are paid on a semimonthly basis. All employees are single. There are no pre$-$tax deductions.

Required:

Compute the FICA taxes for the employees for the November $30$ payroll. All employees have been employed for the entire calendar year.

Note: Round "Social Security Tax" and "Medicare Tax" to $2$ decimal places.

$\backslash$table$[[,\backslash$table$[[$Semimonthly$],[$Pay$]],\backslash$table$[[$YTD Pay for$],[$November $15],[$Pay Date$]],\backslash$table$[[$Social$],[$Security Tax$],[$for November$],[30$ Pay Date$]],\backslash$table$[[$Medicare Tax$],[$for November$],[30$ Pay Date$]],],[$R$.$ Bellagio,$rr$500,,,,],[$B$.$ Khumalo,$$,6,700,,,],[$S$.$ Schriver,$$,6,800,,,],[$K$.$ Saetang,$$,7,250,,,],[$T$.$ Ahmad,$$,9,750,,,],[$M$.$ Petrova,$$,8,100,,,]]$ Required:

Using the percentage method for manual payroll with W$-4$s from $2020$ or later in $A_p{?}_{?}$ pendix C $,$ calculate the federal withholding

amounts for the following employees. No information was included in Step $4$ of the W$-4,$ and no box was checked in Step $2.$

Note: Round your intermediate calculations and final answers to $2$ decimal places.Moravanti Italian Imports has four employees and pays biweekly. Assume that box $2$ is not checked for L$.$ Torabi and R$.$ Beninati and is checked for G$.$ Fisher and J$.$ Tillman.

Required:

On Form W$-4,$ complete Step $2,$ the Multiple Jobs Worksheet $($when applicable$)$ to obtain the amount for Step $4($c$).$ Calculate the federal income tax withholding using the wage$-$bracket tables with Forms W$-4$ from $2020$ or later in Appendix C$.$

Note: Round your intermediate calculations and final answers to $2$ decimal places.

$\backslash$table$[[$Employee$,$Filing Status,Dependents,Annual Salary,$\backslash$table$[[$Spouse Annual Salary and$],[$Pay Frequency$]],\backslash$table$[[$Federal Income$],[$Tax per period$]]],[$L$.$ Torabi,S$,$None,$$,39,500,$Not applicable,$],[$R$.$ Beninati,S$,$One Other,$$,48,500,$Not applicable,$],[$G$.$ Fisher,MJ$,$Three $$,45,300,$$$75,600$ per biweekly,$],[$J$.$ Tillman,MJ$,$Two $$,42,000,$$$27,500$ per weekly,$]]$

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