Prepare a schedule showing the employer's total cost of wages for November by function. (Round answers to O decimal places, e.g. 5,275.) Salaries and Wages FICA Taxes FUTA Taxes SUTA Taxes Total Cost +A $ $ ACC341-2022-Ho...xlsx Factory ^ music 2.jpeg $ LA $ Sales $ Administrative H $ Total
Prepare a schedule showing the employer's total cost of wages for November by function. (Round answers to O decimal places, e.g. 5,275.) Salaries and Wages FICA Taxes FUTA Taxes SUTA Taxes Total Cost +A $ $ ACC341-2022-Ho...xlsx Factory ^ music 2.jpeg $ LA $ Sales $ Administrative H $ Total
College Accounting (Book Only): A Career Approach
12th Edition
ISBN:9781305084087
Author:Cathy J. Scott
Publisher:Cathy J. Scott
Chapter8: Employer Taxes, Payments, And Reports
Section: Chapter Questions
Problem 1E
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Question
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Blue Hardware payroll for November 2020 is summarized below.
Factory
Sales
Payroll
F
Administrative
R
Total
(a)
ACC341-2022-Ho...xlsx
%
Wages Due
T
G
$121,100
35,100
$195,600
39,400
^
:Q+
O H
6
Y
H
FICA
$121,100
At this point in the year, some employees have already received wages in excess of those to which payroll taxes apply. Assume that the
state unemployment tax is 2.5%. The FICA rate is 7.65% on an employee's wages to $128,400 and 1.45% in excess of $128,400. Of the
$195,600 wages subject to FICA tax, $19,700 of the sales wages is in excess of $128,400. Federal unemployment tax rate is 0.8% after
credits. Income tax withheld amounts to $15,400 for factory, $6,600 for sales, and $5,500 for administrative.
1
35,100
39,400
$195,600
. music 2.jpeg
&
7
K
Amount Subject to Payroll Taxes
Unemployment Tax
J
8
Federal
BN M
$39,800
O
3,600
$43,400
State
K
Pa O W
(
9
$39,800
$43,400
3,600
F11
)
O
L
2
888
F12
P
Home
?
End
+
Insert
}
Rain off and on
]
Delete
Backspac](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fec347939-35f5-4820-8217-7f7699a21c7a%2F640918a2-a631-40bf-8714-e1cbdf9d6022%2Fo2b5aye_processed.jpeg&w=3840&q=75)
Transcribed Image Text:arch
Blue Hardware payroll for November 2020 is summarized below.
Factory
Sales
Payroll
F
Administrative
R
Total
(a)
ACC341-2022-Ho...xlsx
%
Wages Due
T
G
$121,100
35,100
$195,600
39,400
^
:Q+
O H
6
Y
H
FICA
$121,100
At this point in the year, some employees have already received wages in excess of those to which payroll taxes apply. Assume that the
state unemployment tax is 2.5%. The FICA rate is 7.65% on an employee's wages to $128,400 and 1.45% in excess of $128,400. Of the
$195,600 wages subject to FICA tax, $19,700 of the sales wages is in excess of $128,400. Federal unemployment tax rate is 0.8% after
credits. Income tax withheld amounts to $15,400 for factory, $6,600 for sales, and $5,500 for administrative.
1
35,100
39,400
$195,600
. music 2.jpeg
&
7
K
Amount Subject to Payroll Taxes
Unemployment Tax
J
8
Federal
BN M
$39,800
O
3,600
$43,400
State
K
Pa O W
(
9
$39,800
$43,400
3,600
F11
)
O
L
2
888
F12
P
Home
?
End
+
Insert
}
Rain off and on
]
Delete
Backspac
![arch
(a)
Prepare a schedule showing the employer's total cost of wages for November by function. (Round answers to 0 decimal places, e.g.
5,275.)
Salaries
and
Wages
FICA
Taxes
FUTA
Taxes
R
SUTA
Taxes
Total
Cost
%
$
ACC341-2022-Ho....xlsx ^
5
$
T
G
Factory
B
O At G
+
music 2.jpeg
6
H
&
7
U
$
J
HO
*
8
N M
Sales
PS 9
(
9
K
F11
)
L
$
888
Administrative
F12
P
Home
End
?
$
Insert
}
Rain off and on
Total
]
^ O
Delete
Backspace
Pollo](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fec347939-35f5-4820-8217-7f7699a21c7a%2F640918a2-a631-40bf-8714-e1cbdf9d6022%2Fuz6ny9m_processed.jpeg&w=3840&q=75)
Transcribed Image Text:arch
(a)
Prepare a schedule showing the employer's total cost of wages for November by function. (Round answers to 0 decimal places, e.g.
5,275.)
Salaries
and
Wages
FICA
Taxes
FUTA
Taxes
R
SUTA
Taxes
Total
Cost
%
$
ACC341-2022-Ho....xlsx ^
5
$
T
G
Factory
B
O At G
+
music 2.jpeg
6
H
&
7
U
$
J
HO
*
8
N M
Sales
PS 9
(
9
K
F11
)
L
$
888
Administrative
F12
P
Home
End
?
$
Insert
}
Rain off and on
Total
]
^ O
Delete
Backspace
Pollo
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