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The monthly and hourly wage schedule for the employees of Quirk, Inc., follows.

ID: 2410586 • Letter: T

Question

The monthly and hourly wage schedule for the employees of Quirk, Inc., follows. No employees are due overtime pay. Round your answer to nearest cent. Compute the following for the last monthly pay of the year:

a. The total wages of each part-time employee for December 2018.
b. The OASDI and HI taxable wages for each employee.
c. The FICA taxes withheld from each employee's wages for December.
d. Totals of columns. (Totals should include both full-time and part-time employees.)
e. The employer's FICA taxes for the month.


Employees Total Monthly
Payroll
OASDI Taxable
Wages
OASDI
Tax
HI Taxable
Wages
HI Tax Full-Time Office:       Adaiar, Gene $1,380.00           $ $ $ $       Crup, Jason 1,290.00                  Essex, Joan 1,805.00                  Garza, Irma 1,905.00                  Leason, Mel 1,810.00                  Pruit, Marne 7,110.00                  Rubble, Deanne 2,455.00                  Simpson, Dylan 3,885.00                  Truap, Ann 5,080.00                  Wilson, Trudy 1,510.00           

Explanation / Answer

FICA OSDI Tax Rate is 6.2%

FICA HI Tax Rate is 1.45%


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Employees Total Monthly OASDI Taxable Earnings OASDI Tax HI Taxable Earnings HI Tax       Adaiar, Gene $              1,380 $                1,380 $              86 $        1,380 $          20       Crup, Jason $              1,290 $                1,290 $              80 $        1,290 $          19       Essex, Joan $              1,805 $                1,805 $           112 $        1,805 $          26       Garza, Irma $              1,905 $                1,905 $           118 $        1,905 $          28       Leason, Mel $              1,810 $                1,810 $           112 $        1,810 $          26       Pruit, Marne $              7,110 $                7,110 $           441 $        7,110 $        103       Rubble, Deanne $              2,455 $                2,455 $           152 $        2,455 $          36       Simpson, Dylan $              3,885 $                3,885 $           241 $        3,885 $          56       Truap, Ann $              5,080 $                5,080 $           315 $        5,080 $          74       Wilson, Trudy $              1,510 $                1,510 $              94 $        1,510 $          22 Hours Hourly Rate Total Monthly OASDI Taxable Earnings OASDI Tax HI Taxable Earnings HI Tax     Kyle, Judy 119 $                 8.35 $                   994 $                   994 $              62 $           994 $          14     Laird, Sharon 115 $                 8.25 $                   949 $                   949 $              59 $           949 $          14     Maxwell, Sara 88 $              10.25 $                   902 $                   902 $              56 $           902 $          13     Nelson, Donna 94 $                 8.00 $                   752 $                   752 $              47 $           752 $          11     Scott, Kim 107 $                 9.65 $                1,033 $                1,033 $              64 $        1,033 $          15     Totals (all employees) $             32,859 $             32,859 $        2,037 $     32,859 $        476
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