Payroll Procedures Test 1 Part 2(Chapters 1-3 55 Points...

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Payroll Procedures Test 1 – Part 2 (Chapters 1-3) 55 Points Total Please save your work with your name in the file name. Problem 1- 30 Points At Darden Co., the office workers are employed for a 40-hour workweek and are paid on either an annual, monthly, or hourly basis. All office workers are entitled to overtime pay for all hours worked beyond 40 each workweek at 1½ times the regular hourly rates. Required: 1) Calculate for each worker: (a) regular earnings, (b) overtime earnings, (c) total regular and overtime earnings,(d) FICA taxable wages-OASDI, (e) FICA taxes to be withheld-OASDI & HI for the week ended December 29, 2017. Also, determine the total for each of these items for all employees. Assume that there are 52 weekly payrolls in 2017. 2) Calculate the Employer’s OASDI Tax and HI Tax for this period. Employee pay and hours worked for are provided on the working paper on the next page. You may use the Excel version instead if you wish.
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Weekly Payroll for Period Ending December 29, 2017 Cumulative Dec. 29 OASDI To be Withheld
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  • Fall '15
  • Dr.B
  • Federal Insurance Contributions Act tax, FICA Tax

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