Complete the following payroll register for employees of Corby Company for the week ended March 1, 20--. Taxable earnings should be computed on the basis of a 40-hour week with overtime earnings being paid at time and one-half for all hours over 40 each workweek (no overtime for salaried employees).
Note: Carry each overtime hourly rate out to 3 decimal places and then round off to 2 decimal places.
All employees' wages are subject to the OASDI tax of 6.2% and the HI tax of 1.45%. The supplemental HI rate of 0.9% is not applicable.
Use the partial wage-bracket tables provided to determine the amount of federal income tax to be withheld. For the salaried employees (#32 and #10), use the percentage method table.
All workers are employed in a state that imposes a 2% income tax on the gross wages earned by each worker.
Amount of One Withholding Allowance Weekly $80.80
Percentage Method Tables for Income Tax Withholding
Source: Internal Revenue Service

Question

Complete the following payroll register for employees of Corby Company for the week ended March 1, 20--. Taxable earnings should be computed on the basis of a 40-hour week with overtime earnings being paid at time and one-half for all hours over 40 each workweek (no overtime for salaried employees). 
Note:   Carry each overtime hourly rate out to 3 decimal places and then round off to 2 decimal places. 
All employees' wages are subject to the OASDI tax of 6.2% and the HI tax of 1.45%.  The supplemental HI rate of 0.9% is not applicable. 
Use the partial wage-bracket tables provided to determine the amount of federal income tax to be withheld. For the salaried employees (#32 and #10), use the percentage method table. 
All workers are employed in a state that imposes a 2% income tax on the gross wages earned by each worker.   
   Amount of One Withholding Allowance Weekly $80.80 
           Percentage Method Tables for Income Tax Withholding  
Source: Internal Revenue Service

Quizplus · Accepted Answer

The Answer of Complete the following payroll register for employees of Corby Company for the week ended March 1, 20--. Taxable earnings should be computed on the basis of a 40-hour week with overtime earnings being paid at time and one-half for all hours over 40 each workweek (no overtime for salaried employees). 
Note:   Carry each overtime hourly rate out to 3 decimal places and then round off to 2 decimal places. 
All employees' wages are subject to the OASDI tax of 6.2% and the HI tax of 1.45%.  The supplemental HI rate of 0.9% is not applicable. 
Use the partial wage-bracket tables provided to determine the amount of federal income tax to be withheld. For the salaried employees (#32 and #10), use the percentage method table. 
All workers are employed in a state that imposes a 2% income tax on the gross wages earned by each worker.   
   Amount of One Withholding Allowance Weekly $80.80 
           Percentage Method Tables for Income Tax Withholding  
Source: Internal Revenue Service

Complete the Following Payroll Register for Employees of Corby Company