Question

At Gleeson Brewing Company, office workers are employed for a 40-hour workweek; each individual's salary is...

At Gleeson Brewing Company, office workers are employed for a 40-hour workweek; each individual's salary is quote on either an annual or a monthly 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.

GLEESON BREWING 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
Won, H. $99,840/yr. 40 $35,000        $ $ $94,080.00      $ $ $ $
Park, B. 96,200/yr. 40 25,000        90,650.00     
James, R. 7,280/mo. 40 20,000        82,320.00     
Oho, J. 5,265/mo. 40 15,000        59,535.00     
Mack, K. 3,400/mo. 46 8,000        $ 38,446.38     
    Totals $ $ $ $ $ $ $ $

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

$     $
OASDI     HI
Business   Accounting   
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Answer #1
GLEESON BREWING COMPANY
Weekly Payroll for Period Ending December 14, 2018
FICA taxable wages this pay period
Employee Salary Hours worked Annual Bonus Regular Earnings Overtime Earnings Total Earnings Cumulative Earnings as of Last Pay Period OSADI
Won, H 99480/yr 40 $35,000 $1,913.08 $ $36,913.08 $94,080 $24,420
Park, B. 96,200/yr. 40 $25,000 $1,850 $26,850 90650 $26,850
James, R. 7,280/mo. 40 $20,000 $1,680 $21,680 82320 $21,680
Oho, J. 5,265/mo. 40 $20,000 $1,215 $21,215 59535 $21,215
Mack, K. 3,400/mo. 46 $8,000 $784.62 $117.69 $8,902.31 38446.38 $8,902.31
Totals $7,442.69 $117.69 $115,560.38 $
Employer's FICA taxes for week ended December 9, 2016:
$6,390.17 $1,675.63
OASDI HI
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