Wage-bracket method, Complete the FWT column (wage-bracket

Wage-bracket method

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Reference no: EM134002818

Question

Complete the FWT column (wage-bracket method) and SWT column of the payroll register using the employee data listed below. The associated pay period ends on 07/18/2021 (enter the year using four digits), with paychecks being printed and distributed six days later. Every employee earns hourly overtime wages 1.5 times greater than their regular wage rate. Enter all employees' names in the format Last Name, First Initial (for example: Rick Smith would be written as Smith, R). The state income tax withholding rate is 5.0% of taxable pay, with taxable pay being the same for federal and state income tax withholding. Note that the Voluntary Withholding column, for which partial information is provided below, has been populated based on the partial information shown here.

Jimmy Troffa earns $7.80/hour, and worked 41 hours during the most recent week. He makes a 401(k) retirement plan contribution of 9.0% of gross pay each period. Jimmy Troffa is married, and claims 3 withholding allowances for both the federal and state.

Reference no: EM134002818

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