Marlene Grady and Pauline Monroe are partners engaged in operating The G&M Doll Shop, which has employedthe following persons since the beginning of the year:V. Hoffman (general office worker)......................... $1,700 per monthA. Drugan (saleswoman)......................................... $15,000 per yearG. Beiter (stock clerk).............................................. $180 per weekS. Egan (deliveryman).............................................. $220 per weekB. Lin (cleaning and maintenance, part-time) .......... $160 per weekGrady and Monroe are each paid a weekly salary allowance of $950.The doll shop is located in a state that requires unemployment compensation contributions of employers of one or moreindividuals. The company is subject to state contributions at a rate of 3.1% for wages not in excess of $8,100. Computeeach of the following amounts based upon the 41st weekly payroll period for the week ending October 11, 2019:a. Amount of FICA taxes (OASDI and HI) to be withheld from the earnings of each person. (Refer to Chapter 3.) OASDI HIM. Grady .......................................................................... $ $P. Monroe..........................................................................V. Hoffman .......................................................................A. Drugan .........................................................................G. Beiter............................................................................S. Egan ..............................................................................B. Lin ................................................................................b. Amount of the employer’s FICA taxes for the weekly payroll ............c. Amount of state unemployment contributions for the weekly payroll............................... $ __________________d. Amount of the net FUTA tax on the payroll ..................................................................... $ ____________e. Total amount of the employer’s payroll taxes for the weekly payroll ................................ $ _____________
Marlene Grady and Pauline Monroe are partners engaged in operating The G&M Doll Shop, which has employed
the following persons since the beginning of the year:
V. Hoffman (general office worker)......................... $1,700 per month
A. Drugan (saleswoman)......................................... $15,000 per year
G. Beiter (stock clerk).............................................. $180 per week
S. Egan (deliveryman).............................................. $220 per week
B. Lin (cleaning and maintenance, part-time) .......... $160 per week
Grady and Monroe are each paid a weekly salary allowance of $950.
The doll shop is located in a state that requires
individuals. The company is subject to state contributions at a rate of 3.1% for wages not in excess of $8,100. Compute
each of the following amounts based upon the 41st weekly payroll period for the week ending October 11, 2019:
a. Amount of FICA taxes (OASDI and HI) to be withheld from the earnings of each person. (Refer to Chapter 3.)
OASDI HI
M. Grady .......................................................................... $ $
P. Monroe..........................................................................
V. Hoffman .......................................................................
A. Drugan .........................................................................
G. Beiter............................................................................
S. Egan ..............................................................................
B. Lin ................................................................................
b. Amount of the employer’s FICA taxes for the weekly payroll ............
c. Amount of state unemployment contributions for the weekly payroll............................... $ __________________
d. Amount of the net FUTA tax on the payroll ..................................................................... $ ____________
e. Total amount of the employer’s payroll taxes for the weekly payroll ................................ $ _____________
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