# Question & Answer: ezto.mheducation.com/hm.tpx?-0.12239436114444413,1502658094466 15.00 points Alexander Wilson operates Metroplex Cour…..

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ezto.mheducation.com/hm.tpx?-0.12239436114444413,1502658094466 15.00 points Alexander Wilson operates Metroplex Courier and Delivery Service He has four employees who are paid December 21, 2016, his Information about their hourly rates, marital status, appears below, along with thelr cumulative earnings for the year prior to employees worked the number of hours shown below withholding allowances also the December 15-21 payroll period Consider any hours worked beyond 40 in the week as overtime hours and overtime pay at one and one-half times their regular hourly rate RegularMarital Gloria Bahamon Alex Garcia Ron Price Sara Russell 46 \$16.00 32.790 57.230 53.902 26550 27 80 26 20 40 13.00 26. Compute the regular, overtime, gross eamings, social security tax and Medicare tax to be withheld from each employee’s eamings Assume a 62 percent social security rate on the first \$113,700 earned by the employee during the year Assume a 1.45 percent Medicare tax rate on all salaries and wages eamed by the employee during the year Determine the amount of federal lincome tax to be withheld from each employee’s total eamings (Use the table shown in Eigure 10.2& Eigure 10.28 whichever is applicable) to determine the 104.00 5303.00 for Garcia, and \$244.00 for Price employee (Bahamon and Russell are office workers Garcia and Price are delivery workersRound your intermediate calculations and final answers to 2 decimal places. withholding for Russel Withholdings for Bahamon is compute the net amount due of each r Woek : December 15, 2016 Taxable wages Dedactions Cumulative SocialMedicare Regular Overtime Gross earnings earnings Employee tm Medicare 帽。 Type here to search Esc 설 6

2.6. The working are given below.

The withholding tax for Russel couldnot be computed as Tables 10.2A and 10.2B are not given.Hence the journal entry could not be preoared.

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