The following information is for employee Ella Dodd for the week ended March 15. Total hours worked: 48 Rate: $15 per hour, with double time for all hours in excess of 40 Federal income tax withheld: $200 United Fund deduction: $50 Cumulative earnings prior to current week: $6,400 Tax rates: Social security: 6% with no maximum earnings. Medicare tax: 1.5% on all earnings. State unemployment: 5.4% with no maximum earnings; on employer. Federal unemployment: 0.8% with no maximum earnings; on employer. a. Determine (1) total earnings, (2) total deductions, and (3) cash paid. If required, round interim calculations to two decimal places. 1. Total earnings 2. Total deductions 3. Cash paid b. Determine each of the employer's payroll taxes related to the earnings of Ella Dodd for the week ended March 15. If required, round your answers to two decimal places. Social security and Medicare taxes $ State unemployment tax Federal unemployment tax Total

College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter8: Employer Taxes, Payments, And Reports
Section: Chapter Questions
Problem 4E
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The following information is for employee Ella Dodd for the week ended March 15.
Total hours worked: 48
Rate: $15 per hour, with double time for all hours in excess of 40
Federal income tax withheld: $200
United Fund deduction: $50
Cumulative earnings prior to current week: $6,400
Tax rates:
Social security: 6% with no maximum earnings.
Medicare tax: 1.5% on all earnings.
State unemployment: 5.4% with no maximum earnings; on employer.
Federal unemployment: 0.8% with no maximum earnings; on employer.
a. Determine (1) total earnings, (2) total deductions, and (3) cash paid. If required, round interim calculations to two decimal places.
1. Total earnings
2. Total deductions
3. Cash paid
b. Determine each of the employer's payroll taxes related to the earnings of Ella Dodd for the week ended March 15. If required, round your answers to two decimal places.
Social security and Medicare taxes
State unemployment tax
Federal unemployment tax
Total
Transcribed Image Text:The following information is for employee Ella Dodd for the week ended March 15. Total hours worked: 48 Rate: $15 per hour, with double time for all hours in excess of 40 Federal income tax withheld: $200 United Fund deduction: $50 Cumulative earnings prior to current week: $6,400 Tax rates: Social security: 6% with no maximum earnings. Medicare tax: 1.5% on all earnings. State unemployment: 5.4% with no maximum earnings; on employer. Federal unemployment: 0.8% with no maximum earnings; on employer. a. Determine (1) total earnings, (2) total deductions, and (3) cash paid. If required, round interim calculations to two decimal places. 1. Total earnings 2. Total deductions 3. Cash paid b. Determine each of the employer's payroll taxes related to the earnings of Ella Dodd for the week ended March 15. If required, round your answers to two decimal places. Social security and Medicare taxes State unemployment tax Federal unemployment tax Total
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