Homework SourseRequirements Compute the OASDI for each employee Compute the
Requirements:
Compute the OASDI for each employee.
Compute the HI for each employee.
On the Employer Register, compute the employer FICA liability.
Payroll Register
Complete the steps below:
Compute the OASDI for each employee.
Compute the HI for each employee.
Compute the totals for each tax.
Note: Round your final answers to the nearest cent.
Employer Register
Employer Register
Complete the step below:
Enter the earnings upon which the employer liability will be computed.
Compute the employer FICA liability.
Note: Round your final answers to the nearest cent.
| KIPLEY COMPANY, INC. Employee Payroll Register For Period Ending January 8, 20-- | ||||||||||||
| EARNINGS | DEDUCTIONS | NET PAY | ||||||||||
| Name | Gross | OASDI | HI | FIT | SIT | SUTA | CIT | SIMPLE | Grp. Ins. | Health Ins. | Ck. No. | Amount |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Carson, F. | $700.00 | $ | $ | |||||||||
| Wilson, W. | 897.04 | $ | $ | |||||||||
| Utley, H. | 678.75 | $ | $ | |||||||||
| Fife, L. | 877.10 | $ | $ | |||||||||
| Smith, L. | 790.00 | $ | $ | |||||||||
| Fay, G. | 539.15 | $ | $ | |||||||||
| Robey, G. | 623.08 | $ | $ | |||||||||
| Schork, T. | 773.08 | $ | $ | |||||||||
| Hardy, B. | 666.11 | $ | $ | |||||||||
| Kipley | 1,000.00 | $ | $ | |||||||||
| Totals | $ | $ | ---- | |||||||||
Solution
OASDI = 6.2% of the earnings
HI = 1.45% of the earnings
Dear Student,
Best effort has been made to give quality and correct answer. But if you find any issues please comment your concern. I will definitely resolve your query.
| Employee Payroll Register | ||||
| EARNINGS | DEDUCTIONS | |||
| Name | Gross | OASDI | HI | Total |
| Carson, F. | $ 700.00 | $ 43.40 | $ 10.15 | $ 53.55 |
| Wilson, W. | $ 897.04 | $ 55.62 | $ 13.01 | $ 68.62 |
| Utley, H. | $ 678.75 | $ 42.08 | $ 9.84 | $ 51.92 |
| Fife, L. | $ 877.10 | $ 54.38 | $ 12.72 | $ 67.10 |
| Smith, L. | $ 790.00 | $ 48.98 | $ 11.46 | $ 60.44 |
| Fay, G. | $ 539.15 | $ 33.43 | $ 7.82 | $ 41.24 |
| Robey, G. | $ 623.08 | $ 38.63 | $ 9.03 | $ 47.67 |
| Schork, T. | $ 773.08 | $ 47.93 | $ 11.21 | $ 59.14 |
| Hardy, B. | $ 666.11 | $ 41.30 | $ 9.66 | $ 50.96 |
| Kipley | $ 1,000.00 | $ 62.00 | $ 14.50 | $ 76.50 |
| Totals | $ 7,544.31 | $ 467.75 | $ 109.39 | $ 577.14 |
