At Vision Club Company office workers are employed for a 40h

At Vision Club Company, office workers are employed for a 40-hour workweek on either an annual or a monthly salary basis.

Given on the form below are the current annual and monthly salary rates for five office workers for the week ended December 14, 2018 (50th payday of the year). In addition, with this pay, these employees are paid their sliding-scale annual bonuses. The bonuses are listed on the register.

For each worker, compute the following. Round your answers to the nearest cent.

Regular earnings for the weekly payroll ended December 14, 2018.

Overtime earnings (if applicable).

Total regular, overtime earnings, and bonus.

FICA taxable wages for this pay period.

FICA taxes to be withheld for this pay period.

FICA Taxable Wages
This Pay Period

FICA Taxes
to Be Withheld

Employer\'s FICA taxes for week ended December 14, 2018:

VISION CLUB COMPANY
Weekly Payroll for Period Ending December 14, 2018
								FICA Taxable Wages This Pay Period	FICA Taxes to Be Withheld
Employee	Salary	Hours Worked	Annual Bonus	Regular Earnings	Overtime Earnings	Total Earnings	Cumulative Earnings as of Last Pay Period	OASDI	HI	OASDI	HI
Marx, A.	$110,760/yr.		40	$48,200	$		$	$104,370
Boxer, C.	76,440/yr.		40	23,400				72,030
Lundy, R.	5,356/mo.		40	18,200				60,564
Ruth, B.	4,576/mo.		40	11,800				51,744
Gehrig, L.	4,160/mo.		48	6,200		$		47,040
Totals				$	$	$	$		$	$	$	$

Solution

VISION CLUB COMPANY Weekly Payroll for Period Ending December 14, 2018 FICA Taxable Wages FICA Taxes This Pay Period to Be Withheld Employee Salary Hours Annual Regular Overtime Total Earnings T Cumulative Earnings OASDI O HI OASDI O*6.2% HI *1.45% Worked Bonus Earnings Earnings as of Last Pay Period Marx, A. $110,760/yr. 40 $48,200 2130 0 2130 $104,370 2130 2130 132.06 30.89 (110760/52) Boxer, C. 76,440/yr. 40 23400 1470 0 1470 72,030 1470 1470 91.14 21.32 (76440/52) Lundy, R. 5,356/mo. 40 18200 1339 0 1339 60,564 1339 1339 83.02 19.42 5356/4 Ruth, B. 4,576/mo. 40 11800 1144 0 1144 51,744 1144 1144 70.93 16.59 4576/4 Gehrig, L. 4,160/mo. 48 6200 1040 312 1352 47,040 1352 1352 83.82 19.60 (4160/4) (1040)/40*8*1.5     Totals $ 7123 312 7435 7435 7435 460.97 107.81 Employer\'s FICA taxes for week ended December 14, 2018: $ OASDI 460.97 HI 107.81