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Chapter 4 A Problems Page 5

# Chapter 4 A Problems Page 5 - NAME rbkaieiﬂ 4-IOA LO 3,4...

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Unformatted text preview: NAME rbkaieiﬂ 4-IOA LO 3,4. I}? The employees of Greevale Landscape Center are paid weekly. The names of five employees of the company are given on the fol— lowing payroll register. The payroll register also shows the marital status and number of withholding allowances Claimed and the total weekly earnings for each worker. Assume that each employee is paid the same weekly wage on each payday in 2010. Also shown below is the wage—bracket table for advance earned income ,——-—n lax-\lnr credit (EIC) payments for a weekly payroll period. Each employee listed on the payroll register has completed a Form W—5 indicat- ing that the worker is not married. Complete the payroll register for the weekly period ending November 12, 2010. The state income tax rate is 1.5% on total earnings and the wage-bracket tables are used for federal income tax. E DEDUCTIONS I (d) EMPLOYEE El 3 E 5' TO'IAL (a) ADVANCE (6) NAME g E g g EARNINGS g1} gr EIC 3;? 2 PAYMENT Arnold, G. s 4 ago 15 thl Cams,M. S 1 ygm lam Farland, R. S 2 009 3 3.3 McMann, W. S 3 3 DO 5 la Rudolph, A. s 1 0 on 1 15 i '3' I ioo l 0 1 l WEEKI YPztyroll Period SINGLE or HEAD OF HOUSEHOLD Wages— Wages — Wages— Wages — Payment Paymenl Payment Payment Payment At least But less to be At leasl But less in be But less to be At least But less lo be At least But less to be than made than made than made than made than made \$0 \$5 \$0 \$75 \$80 \$15 \$155 \$31 \$41 5 \$425 \$25 \$565 \$575 \$10 5 10 1 80 85 16 1 60 32 425 435 24 575 585 9 10 15 2 35 90 17 1 65 33 435 445 23 585 595 B 1 5 20 3 90 95 18 170 34 445 455 22 595 605 7 20 25 4 95 100 19 315 35 455 465 21 605 61 5 5 25 30 5 1 00 1 05 20 325 34 465 475 20 61 5 525 5 30 35 6 1 05 110 21 335 33 475 485 19 625 635 5 35 40 7 110 1 15 22 345 32 485 495 18 635 545 4 40 45 8 1 15 120 23 355 31 495 505 17 645 555 3 45 50 9 1 20 1 25 24 365 30 505 515 16 655 665 2 50 55 1 O 1 25 1 30 26 375 29 51 5 525 15 665 675 1 55 60 1 1 1 30 1 35 27 385 28 525 535 14 675 - - - 0 60 65 1 2 1 35 140 28 395 28 535 545 13 65 70 1 3 140 1 45 29 405 27 545 555 12 70 75 14 145 1 50 30 415 26 555 565 1 1 4- I 'l A LO 3. Matrola Company is giving each of its employees a holiday bonus of \$100 on December 24 (a nonpayday). The company wants (I. What will be the gross amount of each bonus if each employee pays a state income tax of 2.8% (besides the other payroll taxes)? \$ "1% each employee’s check to be \$100. The supplemental tax percent is used. II. What would the net amount of each bonus check be if the company did not gross—up the bonus? sﬂi 4-47 ...
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