Populate Employee Earnings Records (#1)

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 09/05/2021 (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.

• Luisa Williams (SSN 678-90-1111) lives at 345 Mountain View Lane, Juneau, AK 99801, is single, and claims one withholding allowance for both federal and state. She earns $7.50/hour, and worked 44 hours during the most recent week. Luisa makes a 401(k) retirement plan contribution of 14% of gross pay each period.

Notes:

• For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.
• Note that "n/a" (not applicable) should be entered for any lines within the employee earnings record that do not apply to this employee.

Please write down every step so that I can understand where every number is coming from.

Payroll Register Employee Earnings Record