Problem:
|
Employee
|
Annual salary
|
OASDI taxable gain wages
|
OASDI tax
|
HI Tax
|
|
Marggarte T
|
$22,150
|
$
|
$1,373.30
|
$321.18
|
|
Loeanrd C
|
18,900
|
$
|
1,171.80
|
274.05
|
|
Ferris S
|
24,000
|
$
|
1,488.00
|
348.00
|
|
STeart M
|
102,480
|
$
|
6,353.76
|
1,485.96
|
|
Wilton H
|
20,900
|
$
|
1,295.80
|
303.05
|
|
Hopiins L
|
19,500
|
$
|
1,209.00
|
282.75
|
|
Singh S
|
18,540
|
$
|
1,149.48
|
268.83
|
|
Keith L
|
56,900
|
$
|
3,527.80
|
825.05
|
|
Tedd O
|
17,850
|
$
|
3,174.40
|
742.40
|
|
Daven M
|
51,200
|
$
|
3,174.40
|
742.40
|
|
Totals
|
|
$
|
$21,850.04
|
$5,110.10
|
Employer’s OASDI Tax $............
Employer’s HI tax $............
The question:
The silver Gym Company pays its salaried employees monthly on the last day of each month. The annual salary payroll for 2007 follows.
Compute the following for the payroll of December 28.