Latan is an employee of Giant Computers, where the job responsibilities include selling computers and software to customers. Latan is married and filing jointly with two dependents under 17. The annual salary is $48,000, and Latan receives a 3 percent commission on all sales. During the semimonthly pay period ending September 29, Latan sold $21,000 worth of computers and software.Required:Complete the payroll register for the September 29 pay period with a pay date of October 4.

To complete the payroll register for Latan for the September 29 pay period with a pay date of October 4, we'll break it down into several components:

### 1. **Determine the Regular Salary for the Period**

Latan's **annual salary** is $48,000. Since Latan is paid **semi-monthly**, we divide the annual salary by the number of pay periods in a year (24) to determine the salary for each period.

\[
\text{Semi-monthly Salary} = \frac{48,000}{24} = 2,000
\]

So, Latan earns **$2,000** per semi-monthly period.

### 2. **Calculate the Commission**

Latan earns a **3% commission** on all sales. During this pay period, Latan sold **$21,000** worth of computers and software.

\[
\text{Commission} = 21,000 \times 0.03 = 630
\]

Latan’s commission for this pay period is **$630**.

### 3. **Gross Pay for the Period**

The **gross pay** includes both the salary and the commission:

\[
\text{Gross Pay} = 2,000 + 630 = 2,630
\]

### 4. **Federal Income Tax Withholding (Filing Jointly with 2 Dependents)**

Federal tax withholding can vary based on the tax brackets and the number of dependents. For simplicity, I’ll estimate this based on approximate tax tables, assuming a **married filing jointly** status and **2 dependents** under 17:

- **Standard deduction** for married filing jointly in 2023: **$27,700**.
- Taxable income is calculated based on the gross annual salary of $48,000 minus the standard deduction.
  
Assuming **0% withholding** for this particular pay period, Latan might qualify for a tax credit for dependents under 17, lowering the tax burden. However, precise withholding values require tax tables.

### 5. **Social Security and Medicare Withholdings**

The Social Security and Medicare withholdings are calculated as follows:

- **Social Security tax rate**: 6.2% of gross income up to the wage base limit.
- **Medicare tax rate**: 1.45% of gross income.

\[
\text{Social Security Tax} = 2,630 \times 0.062 = 163.06
\]
\[
\text{Medicare Tax} = 2,630 \times 0.0145 = 38.14
\]

### 6. **Other Deductions (State Income Tax, Benefits, etc.)**

- **State income tax**: Varies by state (you can insert an approximate value based on the state).
- **Other benefits**: If Latan has deductions for health insurance, retirement contributions, etc., these will also factor in. For now, we'll focus on federal taxes.

### 7. **Net Pay**

Finally, we calculate the **net pay** by subtracting all applicable taxes and deductions from the gross pay. Assuming only Social Security and Medicare taxes for this example:

\[
\text{Total Taxes} = 163.06 + 38.14 = 201.20
\]

\[
\text{Net Pay} = 2,630 - 201.20 = 2,428.80
\]

### Summary: Payroll Register for September 29 Pay Period (Pay Date: October 4)

| **Item**                  | **Amount ($)** |
|---------------------------|----------------|
| Semi-Monthly Salary        | 2,000.00       |
| Commission                 | 630.00         |
| **Gross Pay**              | 2,630.00       |
| Social Security Tax (6.2%) | 163.06         |
| Medicare Tax (1.45%)       | 38.14          |
| **Total Taxes**            | 201.20         |
| **Net Pay**                | 2,428.80       |

---

### Do you need additional details on any of these calculations?

#### Related Questions:
1. How are tax withholdings for married individuals with dependents calculated?
2. How would the payroll register change if Latan had retirement plan deductions?
3. What are the wage base limits for Social Security, and how do they impact calculations?
4. How are state income taxes determined, and how would they affect Latan’s net pay?
5. What is the difference between semi-monthly and bi-weekly pay periods in payroll calculations?

### Tip:
It’s always a good idea to double-check tax withholdings and other deductions for accuracy, as these can vary based on location and filing status.

Latan is an employee of Giant Computers, where the job responsibilities include selling computers and software to customers. Latan is married and filing jointly with two dependents under 17. The annual salary is $48,000, and Latan receives a 3 percent commission on all sales. During the semimonthly pay period ending September 29, Latan sold $21,000 worth of computers and software. Required: Complete the payroll register for the September 29 pay period with a pay date of October 4.

Learn how to calculate Latan’s payroll register for the pay period ending September 29. This example covers essential payroll concepts including salary, commission, gross pay, tax withholdings, and net pay calculation. Perfect for students studying payroll or basic financial mathematics.

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