Answer:
Employee        Salary          Hrs. Worked        Cumulative Taxable 
                                                                          Wages as of Last Pay Period 
King, M.      $135,200 (year)     40                  $132,600.00 
Manera, E.     $6,500 (month)  40                  $76,500.00 
Tate, S.          $3,900 (month)  48                  $45,900.00 
Yee, L.            $12.50 (hour)     44.5               $27,675.13 
Diaz, R.           $12.50 (hour)     48                  $14,778.96 
Zagst, J.          $14.50 (hour)     52                  $24,703.02
(a) regular earnings,   
King, M. $135,200 / 52 weeks = $2,600    
Manera, E. $1,500 weekly salary    
Tate, S. $900       
Yee, L. $12.50 x 40 = $500         
Diaz, R. $12.50 x 40 = $500         
Zagst, J. $14.50 x 40 = $580
(b) overtime earnings, 
King, M. $0    
Manera, E. $0  
Tate, S. [($900 / 40) x 8 x 1.5] = $270       
Yee, L. $12.50 x 4.5 x 1.5 = $84.38         
Diaz, R. $12.50 x 8 x 1.5 = $150                   
Zagst, J. $14.50 x 12 x 1.5 = $261
(c) total regular and overtime earnings, 
King, M. $2,600    
Manera, E. $1,500   
Tate, S. $1,170       
Yee, L. $584.38         
Diaz, R. $650                   
Zagst, J. $841
(d) FICA taxable wages (the FICA taxes limit for 2020 is $137,700, so everyone will be taxed)
King, M. $2,600    
Manera, E. $1,500   
Tate, S. $1,170       
Yee, L. $584.38         
Diaz, R. $650                   
Zagst, J. $841
(e) FICA taxes to be withheld
King, M. $2,600 x 7.65% = $198.90    
Manera, E. $1,500 x 7.65% = $114.75       
Tate, S. $1,170 x 7.65% = $89.51           
Yee, L. $584.38 x 7.65% = $44.71             
Diaz, R. $650 x 7.65% = $49.73                       
Zagst, J. $841 x 7.65% = $64.34    
(f) net pay for the week ended 
King, M. $2,600 - $198.90 = $2,401.10    
Manera, E. $1,500 - $114.75 = $1,385.25      
Tate, S. $1,170 - $89.51 = $1,080.49           
Yee, L. $584.38 - $44.71 = $539.67             
Diaz, R. $650 - $49.73 = $600.27                       
Zagst, J. $841 - $64.34 = $776.66