Response to the following problem:
Preparing a payroll register
The information for the semimonthly pay period October 1-15 of the current year is given in the Working Papers.
Instructions: Complete a payroll register for Perez Company. The date of payment is October 15.
Use the tax withholding tables .
Calculate social security and Medicare taxes withholding using 6.2% and 1.45% tax rates, respectively. None of the employees has accumulated earnings greater than the social security tax base.