Review your triend Johnny's weekly paystub/earning's statement and answer questions #1 -4 thatfollow it.121213EARNINGS STATEMENTPay Periodi 22018- 042018Pay Date: 0402018Employee 2214Abstract UnitedJamaica, NY. 11433, USAMarital Status SingleJohnny BraveJamaica. NY. 45641, USASocial Security s46Eemptions: 0EARNINGS RATESalaryOvertimeHolidayVacationBonusPloatDEDUCTIONSFica - MedicareFica - Social SecurityFederal TaxState TaHOURSYTD TOTALB1.20347.20631.40280.00TOTAL400.00YTD TOTAL5,600.00TOTAL5.8024.8045.1020.0010400.000.000.000.000.000.000.000.000.000.00DEDUCTION TOTAL95.70GROSS PAY400.00S00.00NET PAY30430420.201. For the one wngls pay period ending 04/03/2018, what is Johnny's gross pay? (Section 4.2)Page2. How much was deducted for federal income tax in this pay period? (Section 4.2)7:36 PM

Earnings statement: It is a record showing all the details relating to the payroll of an employee…

Review your friend Johnny's weekly paystub/earning's statement and answer questions #1-4 that follow it. S. 121213 EARNINGS STATEMENT Pay Pertodi Z2018- 04201 Pay Date 0018 Employee 2214 Abstract United Jamaica, NY. 11433, USA Marital Status Single Johnny Brave Eemptions 0 Jamaica NY. 44I, USA Secial Security.ss46 tEDUCTIONS YTD TOTAL 5.600.00 KARNINGS RATE Salary Overtime Holiday Vacatin Bons Ploat HOURS 40 0.00 TOTAL 400.00 0.00 0.00 0.00 0.00 0.00 TOTAL YTD TOTAL B1.20 347.20 631.40 20.00 Pca Medicare FeaSocial Secunty 10 240 45.10 20.00 0.00 0.00 00 00 Federal Ta State Tax DEDUCTION TOTAL 95.70 GROSS PAY 400.00 S00.00 NET PAY 30430 4.20.20 1. For the one weols pay period ending 04/03/2018, what is Johnny's gross pay? (Section 4.2) 2. How much was deducted for federal income tax in this pay period? (Section 4.2)

Review your friend Johnny's weekly paystub/earning's statement and answer questions #1-4 that follow it. S. 121213 EARNINGS STATEMENT Pay Pertodi Z2018- 04201 Pay Date 0018 Employee 2214 Abstract United Jamaica, NY. 11433, USA Marital Status Single Johnny Brave Eemptions 0 Jamaica NY. 44I, USA Secial Security.ss46 tEDUCTIONS YTD TOTAL 5.600.00 KARNINGS RATE Salary Overtime Holiday Vacatin Bons Ploat HOURS 40 0.00 TOTAL 400.00 0.00 0.00 0.00 0.00 0.00 TOTAL YTD TOTAL B1.20 347.20 631.40 20.00 Pca Medicare FeaSocial Secunty 10 240 45.10 20.00 0.00 0.00 00 00 Federal Ta State Tax DEDUCTION TOTAL 95.70 GROSS PAY 400.00 S00.00 NET PAY 30430 4.20.20 1. For the one weols pay period ending 04/03/2018, what is Johnny's gross pay? (Section 4.2) 2. How much was deducted for federal income tax in this pay period? (Section 4.2)

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter8: Current And Contingent Liabilities

Section: Chapter Questions

Problem 84.1C

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Required information Skip to question [The following information applies to the questions displayed below.] BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $128,400 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to its employee. Gross Pay throughAugust 31 Gross Pay forSeptember a. $ 6,400 $ 800 b. 2,000 2,100 c. 122,100 8,000 Compute BMX’s amounts for each of these four taxes as applied to the employee’s gross earnings for September under each of three separate situations (a), (b), and (c). (Round your answers to 2 decimal places.) a) Tax September Earnings Subject to Tax Tax Rate Tax Amount FICA—Social Security FICA—Medicare FUTA SUTA b) Tax September Earnings Subject to Tax Tax Rate Tax Amount FICA—Social Security…
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