Which of the following employers are exempt from the FUTA (Federal Unemployment Tax Act) tax? Group of answer choices Tax exempt organizations Private employers with only part time employees Employers paying more than $1500 in wages during any calendar quarter Private employers with 1 or more employees

Q: Consider the situation below showing the weekly income tax of a single (civil status) employee in a…

A: Given income tax is $1,980.18 From the given table we can observe that if income is more than $7,958…

Q: 3: An employer in Cincinnatti, Ohio employs two individuals, whose taxable earnings to date (prior…

A: Tax refers to the amount charged on the income earned by the individual and the companies by the…

Q: Use the following tax rates, ceiling and maximum taxes: Employee and Employer OASDI: 6.20% $137,700…

A: Tax represents the liability that is reported in the balance sheet of the company.

Q: Swifty Corporation, which has a taxable payroll of $1300000, is subject to FUTA tax of 6.2% that…

A: Formula: FUTA tax = Total FUTA  Tax - state contribution tax. Deduction of state contribution tax…

Q: 2: An employer in Newark, New Jersey employs three individuals, whose taxable earnings to date…

A: Tax refers to the amount charged by the government on the income earned by the company and…

Q: It is mandatory for both the employer and employee to pay​ ________.

A: Payroll accounting:   The process of payroll accounting includes the computation and payment of…

Q: 1. :An employer in the U.S. Virgin Islands, employs two individuals, whose taxable earnings to date…

A: Federal Unemployment Taxes (FUTA) Federal unemployment taxes which are provided for the benefit for…

Q: For each of the listed payroll-related taxes, indicate whether they generally apply to employees…

A: Payroll taxes are taxes paid to Internal Revenue Service (IRS) and withheld, charged or levied on…

Q: An employer in the U.S. Virgin Islands employs two individuals, whose taxable earnings to date…

A: FUTA rate for 2021 is 6%

Q: Gilpin, Inc.'s payroll for November 2020 is summarized as follows:        Amount of Wages Subject…

A: Payroll Taxes of Employer The employer is liable to pay for FICA taxes ( social security &…

Q: Employee Salary Hrs. Worked Regular Earnings (A) Overtime Earnings (B) Total Reg. and O/T Earnings…

A: Employees' and Employer's OASDI—6.2% both on $137,700 = $8,537 HI—1.45% for employees and employers…

Q: Match each payroll item that follows to the one item (a–f) that best describes its characteristics.…

A: Payroll tax expenses: The costs incurred by an employer to pay the employee for his labor, including…

Q: An employer in Bridgeport, Connecticut, employs three individuals, whose taxable earnings to date…

A: The FUTA payroll tax is based on employees' wages, it is levied only on employers, not their…

Q: Swifty Corporation, which has a taxable payroll of $1300000, is subject to FUTA tax of 6.2% that…

A: Payroll is the amount paid to the employees for the work done by the employers. Payroll tax is the…

Q: An employer in Juneau, Alaska employs three individuals, whose taxable earnings to date (prior to…

A: Calculation of SUTA , FUTA  tax are as follows.

Q: Use the following tax rates and taxable wage bases: Employees' and Employer's OASDI—6.2% both on…

A: Tax is paid to the government on the income earned by the individual or company that act as revenue…

Q: Casey works as an employee of ABC Inc. Casey earns wages of $100,000 in 2021. What is the amount of…

A: In United States, employment tax liability comes in the form of Federal Insurance Contributions Act…

Q: For each of the following payroll-related taxes, indicate whether they generally apply to (a)…

A: Payroll Accounting: The process of payroll accounting includes the computation and payment of…

Q: The employer is responsible for which of the following payroll taxes? a. 6.2% FICA—OASDI tax b.…

A: Payroll taxes: Payroll taxes are the taxes withheld by the employers from the wages/salary payable…

Q: 1: An employer in The U.S. Virgin Islands employs two individuals, whose taxable earnings to date…

A: This question is related to the computation of federal and state unemployment tax. We are provided…

Q: What is the combined amount (in percent) of the employee and employer Social Security tax rate?…

A: Social Security tax (SST) is a part of Federal Insurance Contributions Act. It is charged on both…

Q: The following unemployment tax rate schedule is in effect for the calendar year 2021 in State A,…

A: A reserve ratio in the payroll accounting is computed by deducting the benefits charged from the…

Q: Which payroll tax is levied on both employers and employees? Both employees and employers are…

A: The payroll tax is required to be remitted to the government on the behalf of employee and is…

Q: Employers are required to keep records of all of the following except:  Select one: Personal data…

A: Employer should maintain all the data related to there business activities which helps during the…

Q: 1:An employer in Delaware City, Delaware, employs two individuals, whose taxable earnings to date…

A: Tax Rate applicable for: FUTA - 6% SUTA - 2.10%

Q: An employer in The U.S. Virgin Islands employs two individuals, whose taxable earnings to date…

A: GIVEN   An employer in The U.S. Virgin Islands employs two individuals, whose taxable earnings to…

Q: Determine the total fringe benefit tax of the following benefits for taxable year 2018: P40,800…

A: A tax is the charge on the taxable income of a taxpayer which a taxpayer has to pay towards…

Q: Mr H earned taxable income from three separate employers in 2021, all withheld. Wages from the first…

A: Withheld tax is the tax amount which has been computed as per the tax schedule table and rates and…

Q: Use the following tax rates, ceiling and maximum taxes to solve the problem below Employee and…

A: Workings: carson will make $2700 each week. Hourly wage rate= $7.25 OASDI =$127,200.

Q: Hyram Company's reserve ratio for 2020. Round your answer to two decimal places. fill in the blank 1…

A:

Q: Determine the income tax to withhold from the biweekly wages of the following employees…

A: Solution:- Determination of the income tax to withhold from the biweekly wages of employees as…

Q: 1: An employer in Delaware City, Delaware, employs two individuals, whose taxable earnings to date…

A: Since you have posted multiple questions , we will do the first question for you . To get the…

Q: Which of the following is a true statement with respect to FICA? Select one: a. W-2 employees and…

A: FICA is the Federal Insurance Contributions Act is what it is called, and it is taken out of every…

Q: According to a summary of the payroll of Sinclair Company, $505,000 was subject to the 6.0% social…

A:

Q: Use the following tax rates, ceiling and maximum taxes: Employee and Employer OASDI: 6.20% $137,700…

A: The amount taken from an employee's pay by the employers and given to the government which includes…

Q: Employer payroll taxes: Top of Form Multiple Choice Represent the social security taxes withheld…

A: Employer payroll taxes include the employer's portion of FICA taxes and unemployment taxes. It is…

Q: Why are deductions from employees’ earnings classified as liabilities for the employer? For each of…

A: Payroll: The total payment that a company is required to pay to its employee for the services…

Q: Question 3: When is an employer NOT required to file a quarterly Form 941? Answer: A. When annual…

A: Note: As per our guidelines, only the first question should be answered.   3. If you're obliged to…

Q: 1. Which of the following items is normally NOT assessable under salaries tax? a. Payment in lieu…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: Swifty Corporation, which has a taxable payroll of $1300000, is subject to FUTA tax of 6.2% that…

A: Introduction: Payroll is the compensation that a company must pay to its staff members for a set…

Q: 1. Under individual employee coverage, the worker is covered by the FLSA if: a.the worker is a…

A: The Fair Labor Standards Act (FLSA) is an employment law organization that defines the employer's…

Q: the rate 0.6% was used for the net FUTA tax rate for employers. The following unemployment tax rate…

A: Reserve ratio: (Contribution - benefits Paid)/Average payroll                     =21560-01150,000…

Q: The following employees of CIBA Ironworks in Bristol, Ilinois, are paid in different frequencies.…

A: The Net pay is calculated by reducing the amount of gross pay by all the deductions allowable. The…

Q: Payroll Accounting Payments that are exempt from Federal Income Taxes? How many allowances to claim…

A: Following are the answers to given problems

Q: An employer in Newark, New Jersey employs three individuals, whose taxable earnings to date (prior…

A: