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All Textbook Solutions for PAYROLL ACCT.,2019 ED.(LL)-TEXT

1MQ 1QR 2QR 3QR 4QR 5QR 6QR 7QR 8QR 9QR 10QR 11QR 12QR 13QR 14QR 15QR 16QR 17QR 18QR 19QR 20QR 1QD 2QD In staffing their offices, some firms encourage in-house referrals (recommendations of their present employees). What are some possible objections to this practice as a means of obtaining job applicants? What advantages may be realized by the firm that uses in-house referrals?The main office of a large bank has an annual turnover of 500 office workers. As an employment officer of this bank, discuss the sources you would use in obtaining replacement employees.5QD 1CP 1SSQ 2SSQ Compute the hourly and overtime rates for a standard 40-hour workweek for the following amounts:Bruce Eaton is paid 10 cents per unit under the piece-rate system. During one week, Eaton worked 46 hours and produced 5,520 units. Compute the following: 1. The piecework earnings ________ 2. The regular hourly rate ________ 3. The overtime hourly rate ________ 4. The overtime earnings ________ 5. The total earnings ________1MQ 1QR 2QR 3QR 4QR 5QR 6QR 7QR 8QR 9QR 10QR 11QR 12QR 13QR 14QR 15QR When is time spent by employees in attending lectures and meetings for training purposes not counted as working time?Under what conditions would preliminary and postliminary activities be counted as time worked?18QR 19QR 20QR 21QR 22QR 23QR 24QR 25QR 1QD 2QD 3QD 4QD Mack Banta, a nonexempt account representative, worked extra hours this week as a call operator. A number of operators were out for the week and Banta was asked to pick up some of their hours. Can the company pay Banta at a lower pay rate for the hours he worked as an operator? These extra hours also pushed Bantas work time over 40 hours. How should the company calculate Bantas overtime pay?1PA 2PA 3PA The wages and hours information for five employees of McNeese Enterprises for the week ended July 7 is given below. Employees work a standard 40-hour workweek and are paid time and one-half for all hours over 40 in each workweek. a. For each employee, compute the regular earnings, overtime rate, overtime earnings, and total gross earnings. b. Compute the total gross earnings for all employees.Gabrielle Hunter, a waitress at the Hole-in-the-Wall restaurant, worked 42 hours this week and collected over 500 in tips. The restaurant uses the full tip credit against the minimum wage and pays Hunter the minimum required for tipped employees. Determine her gross pay from the restaurant. a. Pay for the 40 hours_________ b. Pay for the overtime hours_________6PA John Porter is an hourly employee of Motter Company located in New York City. This week, Porter had to travel to the companys regional office in Albany. He left Sunday at noon and arrived in Albany at 3:00 P.M. During the week, he worked his normal 40 hours in the Albany office (Monday through Friday9 A.M. to 5 P.M.). In addition, he attended the companys mandatory 4-hour work training session on Wednesday evening. Porters hourly rate of pay is 24.80 per hour. a. Porters overtime earnings for the week are_________ b. Porters total earnings for the week are_________8PA 9PA 10PA Potts, Inc., recently converted from a 5-day, 40-hour workweek to a 4-day, 40-hour workweek, with overtime continuing to be paid at one and one-half times the regular hourly rate for all hours worked beyond 40 in the week. In this company, time is recorded under the continental system, as shown on the time card on the following page. Sue Ellen Boggs is part of the Group B employees whose regular workweek is Tuesday through Friday. The working hours each day are 800 to 1200; 1230 to 1630; and 1800 to 2000. The company disregards any time before 800, between 1200 and 1230, and between 1630 and 1800, and permits employees to ring in up to 10 minutes late before any deduction is made for tardiness. Deductions are made to the nearest of an hour for workers who are more than 10 minutes late in ringing in. Refer to the time card and compute: a. The daily total hours ..........................................................................___________ b. The total hours for the week ...............................................................___________ c. The regular weekly earnings ................................................................___________ d. The overtime earnings (company rounds O.T. rate to 3 decimal places)___________ e. The total weekly earnings .....................................................................__________Kyle Forman worked 47 hours during the week for Erickson Company at two different jobs. His pay rate was 14.00 for the first 40 hours, and his pay rate was 11.80 for the other 7 hours. Determine his gross pay for that week if the company uses the one-half average rate method. a. Gross pay__________ b. If prior agreement existed that overtime would be paid at the rate for the job performed after the 40th hour, the gross pay would be________Barbara Ripa receives 695 for a regular 40-hour week and time and one-half for overtime. For a workweek of 45 hours, compute: a. The regular earnings________ b. The overtime earnings________ c. The total earnings________Cal DiMangino earns 2,875 each month and works 40 hours each week. Compute: a. The hourly rate________ b. The overtime rate at time and one-half_______Sheila Williams, a medical secretary, earns 3,575 monthly for a 35-hour week. For overtime work, she receives extra pay at the regular hourly rate up to 40 hours and time and one-half beyond 40 hours in any week. During one semimonthly pay period, Williams worked 10 hours overtime. Only 2 hours of this overtime were beyond 40 hours in any one week. Compute: a. The regular semimonthly earnings__________ b. The overtime earnings__________ c. The total earnings__________16PA 17PA During the first week in November, Erin Mills worked 45 hours and produced 1,275 units under a piece-rate system. The regular piece rate is 0.45 a unit. Mills is paid overtime according to the FLSA ruling for overtime work under a piece-rate system. Compute: a. The piecework earnings.......................................................................... ________ b. The regular hourly rate............................................................................ ________ The overtime hourly rate......................................................................... ________ c. The overtime earnings............................................................................. ________ d. The total earnings.................................................................................... ________Refer to Problem 2-18A. Assume that Mills had agreed with her employer prior to the performance of the work that she would be paid one and one-half times the regular piece rate for all pieces produced during the overtime hours. Assume that her production totals for the week were 1,075 pieces during regular hours and 200 pieces during overtime hours. Compute: a. The piecework earnings............................................................ ________ b. The overtime earnings.............................................................. ________ c. The total earnings.................................................................... ________Wendy Epstein, a sales representative, earns an annual salary of 29,500 and receives a commission on that portion of her annual sales that exceeds 150,000. The commission is 8.5% on all sales up to 50,000 above the quota. Beyond that amount, she receives a commission of 10%. Her total sales for the past year were 295,000. Compute: a. The regular annual salary........................................................................... ________ b. The commission......................................................................................... ________ c. The total annual earnings........................................................................... ________21PA Casey Collins average workweek during the first quarter of the year (13 weeks) was 43 hours. As part of his companys perfect attendance program, he earned a bonus of 975. Determine the extra overtime pay due Collins for the first quarter. Extra overtime pay ..................................... _______1PB Bert Garro is a waiter at La Bron House, where he receives a weekly wage of 75 plus tips for a 40-hour workweek. Garros weekly tips usually range from 300 to 350. a. Under the Fair Labor Standards Act, the minimum amount of wages that Garro must receive for a 40-hour workweek is_________ b. Since La Bron House is in violation of the FLSA, the additional amount it should pay Garro each week to meet the minimum wage requirement for a tipped employee is_________3PB The wages and hours information for five employees of Somja Enterprises for the week ended April 7 is given below. Employees work a standard 40-hour workweek and are paid time and one-half for all hours over 40 in each workweek. a. For each employee, compute the regular earnings, overtime rate, overtime earnings, and total gross earnings. b. Compute the total gross earnings for all employees.Hunter Sobitson, a waiter at the Twentieth Hole restaurant, worked 43 hours this week and collected over 650 in tips. The restaurant uses the full tip credit against the minimum wage and pays Sobitson the minimum required for tipped employees. Determine his gross pay from the restaurant. a. Pay for the 40 hours_________ b. Pay for overtime hours_________6PB 7PB 8PB 9PB Under the decimal system of computing time worked at Carmans Company, production workers who are tardy are docked according to the schedule shown below. The regular hours of work, Monday through Friday, are from 7:30 to 11:30 A.M. and from 12:30 to 4:30 P.M. During one week, Bernard Hoskins, who earns 12.95 an hour, reports in and checks out as shown below. Employees are not paid for ringing in a few minutes before 7:30 and 12:30 nor for ringing out a few minutes after 11:30 and 4:30. Refer to the partial time card and compute: a. The hours worked each day___________ b. The total hours worked___________ c. The gross earnings for the week___________Costa, Inc., recently converted from a 5-day, 40-hour workweek to a 4-day, 40-hour workweek, with overtime continuing to be paid at one and one-half times the regular hourly rate for all hours worked beyond 40 in the week. In this company, time is recorded under the continental system, as shown on the time card on the following page. Barbara Bansta is part of the Group B employees whose regular workweek is Tuesday through Friday. The working hours each day are 800 to 1200; 1230 to 1630; and 1800 to 2000. The company disregards any time before 800, between 1200 and 1230, and between 1630 and 1800, and permits employees to ring in up to 10 minutes late before any deduction is made for tardiness. Deductions are made to the nearest of an hour for workers who are more than 10 minutes late in ringing in. Refer to the time card and compute: a. The daily total hours ..........................................................................___________ b. The total hours for the week ...............................................................___________ c. The regular weekly earnings ................................................................___________ d. The overtime earnings (company rounds O.T. rate to 3 decimal places)___________ e. The total weekly earnings .....................................................................__________12PB Kenneth Johanson worked 49 hours during the week for Luben Company at two different jobs. His pay rate was 15.00 for the first 40 hours, and his pay rate was 13.10 for the other 9 hours. Determine his gross pay for that week if the company uses the one-half average rate method. a. Gross pay________ b. If prior agreement existed that overtime would be paid at the rate for the job performed after the 40th hour, the gross pay would be_______Carl La Duca earns 3,875 each month and works 40 hours each week. Compute: a. The hourly rate________ b. The overtime rate at time and one-half________15PB Jody Baush is a salaried employee who normally works a 35-hour week and is paid a weekly salary of 735.00. The agreement that he has with his employer states that his salary is to cover all hours worked up to and including 40. This week, Baush worked 42 hours. Calculate his gross pay. Gross pay_________Colleen Prescott is a salaried employee who works fluctuating work schedules. She is paid a fixed salary of 920 each week, with an agreement with her employer that overtime (over 40 hours) will be paid at an extra half-rate, based on the actual hours worked. This week she worked 42 hours. Compute: a. The overtime earnings........................................................................................ ________ b. The total earnings............................................................................................... ________ c. If this was a BELO plan with a pay rate of 21 per hour and a maximum of 45 hours, how much would Prescott be paid for 42 hours?............................................... ________During the first week in April, Courtney Nelson worked 46 hours and produced 1,450 units under a piece-rate system. The regular piece rate is 0.38 a unit. Nelson is paid overtime according to the FLSA ruling for overtime work under a piece-rate system. Compute: a. The piecework earnings.......................................................................... ________ b. The regular hourly rate............................................................................ ________ The overtime hourly rate......................................................................... ________ c. The overtime earnings............................................................................. ________ d. The total earnings.................................................................................... ________Refer to Problem 2-18B. Assume that Nelson had agreed with her employer prior to the performance of the work that she would be paid one and one-half times the regular piece rate for all pieces produced during the overtime hours. Assume that her production totals for the week were 1,120 pieces during regular hours and 330 pieces during overtime hours. Compute: a. The piecework earnings.................................................................................................... ______ b. The overtime earnings...................................................................................................... ______ c. The total earnings............................................................................................................ ______Warrenda Spuhn, a sales representative, earns an annual salary of 34,500 and receives a commission on that portion of her annual sales that exceeds 150,000. The commission is 9.5% on all sales up to 50,000 above the quota. Beyond that amount, she receives a commission of 12%. Her total sales for the past year were 315,000. Compute: a. The regular annual salary................................................................................................. _______ b. The commission............................................................................................................... _______ c. The total annual earnings................................................................................................. _______Maria Cohen is employed as a salesperson in the mens department of Lees Fashions. In addition to her weekly base salary of 400 (35-hour week), Cohen is paid a commission of 1% on her total net sales for the week (total gross sales less any customer returns). During the past week, to promote the sale of its fine cashmere sweaters, Lees agreed to pay Cohen an additional PM (push money) of 3% of the total net sales of cashmere sweaters. Cohens weekly sales tally is given below. Compute Cohens total weekly earnings, showing her (a) weekly base salary, (b) commission, (c) PM, and (d) total weekly earnings.Connie Gibbs collected a 2,000 bonus for her departments safety record for the year (52 weeks). During that year, Gibbs worked an average of 44 hours each week. Calculate the extra overtime pay due Gibbs for that year. Extra overtime pay...................................... _______1CP 2CP Which of the following are covered by FICA (indicate Yes or No)? _____1. Andrian Mitchell, a full-time life insurance salesperson. _____2. John Sain, a federal government employee, hired in 1990. _____3. Bonnie Stone, a real estate agent. _____4. Stuart Schuck, who offers lawn care service to homeowners in the neighborhood.2SSQ 3SSQ Lori Kinmark works as a jeweler for a local company. She earns 1,000 per week, plus a year-end bonus of 2,000. Kinmark also earns an additional net self-employment income of 28,000 per year. ____1.Compute Kinmarks annual earnings from employment. ____2.Compute Kinmarks total earnings from her job and from self-employment income. ____3.How much self-employment income should Kinmark include in computing taxable self-employment income for OASDI taxes? ____4.What are the total FICA taxes on her self-employment earnings?_____1. Johnson Industries, a semiweekly depositor, pays its employees every Friday. When should the company deposit the employment taxes for each weekly payday? _____2. What rule should Bartlett Repair, a new company, follow in making its deposits for accumulated employment taxes? _____3. Quail Hollow Motors (a semiweekly depositor) accumulates taxes of 105,000 on Monday and must deposit this amount on Tuesday, the next banking day. On Tuesday, the company accumulates additional taxes of 20,000. What deposit rule should Quail Hollow Motors follow for depositing the additional 20,000?_____1. Employees FICA tax rates A. Severance pay _____2. Form SS-4 B. By the 15th day of the following month _____3. Semiweekly depositor C. Employers Quarterly Federal Tax Return _____4. Taxable for FICA D. Application for Employer Identification Number _____5. Nontaxable for FICA E. 6.2 percent and 1.45 percent _____6. Self-employeds FICA tax rates F. Employees application for social security card _____7. Form 941 G. Cumulative wages of 128,400 _____8. Monthly depositor H. More than 50,000 in employment taxes in the lookback period _____9. OASDI taxable wage base I. 12.4 percent and 2.9 percent _____10. Form SS-5 J. Employers matching contributions into employees deferred compensation arrangements For social security purposes, what conditions must an individual meet to be classified as a covered employer?2QR 3QR 4QR What are an employers responsibilities for FICA taxes on: a. Tips reported by employees? b. Wages paid tipped employees?6QR 7QR 8QR 9QR 10QR 11QR 12QR 13QR 14QR 15QR During the year, employee Sean Matthews earned wages in the amount of 250,000. Discuss how the employees HI tax will differ from the employers HI tax for this employee.In order to improve the cash flow of the company, Neal Emerald decided to postpone depositing all employment taxes a few months ago. He told his sales manager, Ill pay up before the IRS catches up with me. What risks does Emerald face by not upholding his responsibility for the collection and payment of employment taxes?3QD 4QD The biweekly taxable wages for the employees of Rite-Shop follow. Compute the FICA taxes for each employee and the employers FICA taxes.During 2019, Rachael Parkins, president of Mathieson Company, was paid a semimonthly salary of 8,000. Compute the amount of FICA taxes that should be withheld from her:3PA Ken Gorman is a maitre d at Carmel Dinner Club. On February 1, his gross pay was 800 (three days working, one paid vacation day, and one paid sick day). He also reported to his employer tips of 900 for the previous month (applicable taxes to be deducted out of this pay). Gorman belongs to the companys 401(k) plan and has 5% of his gross pay (800) deducted each week (salary reduction). Carmel Dinner Club also provides a matching contribution (40) into the plan for Gorman. This weeks pay would have a: a. Deduction for OASDI tax________ b. Deduction for HI tax________In 20-- the annual salaries paid each of the officers of Abrew, Inc., follow. The officers are paid semimonthly on the 15th and the last day of the month. Compute the FICA taxes to be withheld from each officers pay on (a) November 15 and (b) December 31.Audrey Martin and Beth James are partners in the Country Gift Shop, which employs the individuals listed below. Paychecks are distributed every Friday to all employees. Based on the information given, compute the amounts listed below for a weekly payroll period. Employers OASDI Tax ________ Employers HI Tax ________7PA Ralph Henwood was paid a salary of 64,600 during 20-- by Odesto Company. In addition, during the year Henwood started his own business as a public accountant and reported a net business income of 70,000 on his income tax return for 20--. Compute the following: a. The amount of FICA taxes that was withheld from his earnings during 20-- by Odesto Company. b. Henwoods self-employment taxes on the income derived from the public accounting business for 20--.Empty Fields Company pays its salaried employees monthly on the last day of each month. The annual salary payroll for 20-- follows. Compute the following for the payroll of December 31: Employers OASDI Tax _______ Employers HI Tax _______The monthly and hourly wage schedule for the employees of Quirk, Inc., follows. No employees are due overtime pay. Compute the following for the last monthly pay of the year: a. The total wages of each part-time employee for December 2019. b. The OASDI and HI taxable wages for each employee. c. The FICA taxes withheld from each employees wages for December. d. Totals of columns. e. The employers FICA taxes for the month.11PA 12PA 13PA During the third calendar quarter of 20--, Bayview Inn, owned by Diane R. Peters, employed the persons listed below. Also given are the employees salaries or wages and the amount of tips reported to the owner. The tips were reported by the 10th of each month. The federal income tax and FICA tax to be withheld from the tips were estimated by the owner and withheld equally over the 13 weekly pay periods. The employers portion of FICA tax on the tips was estimated as the same amount. Employees are paid weekly on Friday. The following paydays occurred during this quarter: Taxes withheld for the 13 paydays in the third quarter follow: Based on the information given, complete Form 941 on the following pages for Diane R. Peters. Phone number: (901) 555-7959 Date filed: October 31, 20--15PA 16PA 17PA 1PB During 2019, Matti Conner, president of Maggert Company, was paid a semimonthly salary of 6,000. Compute the amount of FICA taxes that should be withheld from her:3PB Moisa Evans is a maitre d at Red Rock Club. On September 6, his gross pay was 900 (three days working, one paid vacation day, and one paid sick day). He also reported to his employer tips of 860 for the previous month (applicable taxes to be deducted out of this pay). Evans belongs to the companys 401(k) plan and has 5% of his gross pay (900) deducted each week (salary reduction). Red Rock Club also provides a matching contribution (45) into the plan for Evans. This weeks pay would have a: a. Deduction for OASDI tax_______ b. Deduction for HI tax__________In 20-- the annual salaries paid each of the officers of Perez, Inc., follow. The officers are paid semimonthly on the 15th and the last day of the month. Compute the FICA taxes to be withheld from each officers pay on (a) November 15 and (b) December 31.Amanda Autry and Carley Wilson are partners in A W Gift Shop, which employs the individuals listed below. Paychecks are distributed every Friday to all employees. Based on the information given, compute the amounts listed below for a weekly payroll period. Employers OASDI Tax ________ Employers HI Tax ________7PB George Parker was paid a salary of 74,700 during 20-- by Umberger Company. In addition, during the year, Parker started his own business as a public accountant and reported a net business income of 60,000 on his income tax return for 20--. Compute the following: a. The amount of FICA taxes that was withheld from his earnings during 20-- by Umberger Company. b. Parkers self-employment taxes on the income derived from the public accounting business for 20--.9PB The monthly and hourly wage schedule for the employees of Quincy, Inc., follows. No employees are due overtime pay. Compute the following for the last monthly pay of the year: a. The total wages of each part-time employee for December 2019. b. The OASDI and HI taxable wages for each employee. c. The FICA taxes withheld from each employees wages for December. d. Totals of columns. e. The employers FICA taxes for the month.11PB 12PB 13PB During the third calendar quarter of 20--, the Beechtree Inn, owned by Dawn Smedley, employed the persons listed below. Also given are the employees salaries or wages and the amount of tips reported to the owner. The tips were reported by the 10th of each month. The federal income tax and FICA tax to be withheld from the tips were estimated by the owner and withheld equally over the 13 weekly pay periods. The employers portion of FICA tax on the tips was estimated as the same amount. Employees are paid weekly on Friday. The following paydays occurred during this quarter: Taxes withheld for the 13 paydays in the third quarter follow: Based on the information given, complete Form 941 on the following pages for Dawn Smedley. Phone number: (901) 555-7959 Date filed: October 31, 20--15PB 16PB 17PB Your assistant has just completed a rough draft of Form 941, shown on pages 3-72 and 3-73, for the quarter ending March 31, 20--. As the supervisor and authorized signer, you are auditing the form before it is mailed to ensure its accuracy. Four of the companys general ledger accounts are shown on the following two pages. The companys 17 employees are paid on the 15th and last day of each month. The company is a semiweekly depositor. Indicate any changes that should be made on the form before it is signed, dated, and mailed.2CP 1SSQ 2SSQ 3SSQ 4SSQ 5SSQ 6SSQ 1MQ 1QR 2QR 3QR What is the maximum contribution that an employer can make to an employees SIMPLE account?5QR 6QR 7QR 8QR 9QR 10QR 11QR 12QR 13QR Trowbridge Company has just completed the processing of its year-end payroll and distributed all the weekly paychecks. The payroll department is now computing the amount of the annual bonus to be given each worker. What methods may be used by the company in determining the amount of federal income taxes to be withheld from the annual bonus payments?15QR 16QR 17QR 18QR 19QR 20QR 1QD 2QD 3QD 4QD 5QD Justin Holmes, an ex-employee, is entitled to a taxable fringe benefit during the first part of this year. Because he wasnt paid any wages this year, can his employer report the taxable fringe benefit on Form 1099?1PA 2PA 3PA 4PA 5PA 6PA 7PA 8PA 9PA Mattola Company is giving each of its employees a holiday bonus of 100 on December 13 (a nonpayday). The company wants each employees check to be 100. The supplemental tax percent is used. a. What will be the gross amount of each bonus if each employee pays a state income tax of 2.8% (besides the other payroll taxes)?_____ b. What would the net amount of each bonus check be if the company did not gross-up the bonus?_____11PA 12PA 13PA 1PB 2PB 3PB 4PB 5PB 6PB 7PB 8PB 9PB Harrington Company is giving each of its employees a holiday bonus of 250 on December 13 (a nonpayday). The company wants each employees check to be 250. The supplemental tax percent is used. a. What will be the gross amount of each bonus if each employee pays a state income tax of 3.01% (besides the other payroll taxes)? _______ b. What would the net amount of each bonus check be if the company did not gross-up the bonus? _______11PB During the fourth quarter of 2019, there were seven biweekly paydays on Friday (October 4, 18; November 1, 15, 29; December 13, 27) for Clarkes Roofing. Using the forms supplied on pages 4-60 to 4-63, complete the following for the fourth quarter: a. Complete the Federal Deposit Information Worksheets, reflecting electronic deposits (monthly depositor). The employers phone number is (501) 555-1212. Federal deposit liability each pay, 1,304.56. b. Employers Quarterly Federal Tax Return, Form 941. The form is signed by you as president on January 31, 2020. c. Employers Report of State Income Tax Withheld for the quarter, due on or before January 31, 2020. To be deposited on or before _________ To be deposited on or before ________ To be deposited on or before ________13PB 1CP 2CP 1SSQ 2SSQ 3SSQ _____ 1. Reciprocal arrangements A. Extra state unemployment contributions made by the employers _____ 2. Title XII advances B. Favorable employment records result in a lower SUTA tax _____ 3. Negative-balance employers C. Annual Federal Unemployment Tax Return _____ 4. Dumping D. Poor experience-rated companies form new companies with lower unemployment tax rates _____ 5. Over 500 E. Pay FUTA tax with Schedule H of Form 1040 _____ 6. Merit rating F. Provide unemployment insurance coverage and payment of benefits to interstate workers _____ 7. Form 940 G. Borrowings from federal government to pay unemployment compensation benefits _____ 8. Household employers H. Employers whose reserve account has been charged with more benefits paid out than contributions made _____ 9. Wage information reports I. Quarterly threshold for mandatory depositing of FUTA taxes _____ 10. Voluntary contributions J. Quarterly reports submitted to the state listing employees, SSNs, and taxable wages What two alternative tests are applied to a business in order to judge whether it is an employer and therefore subject to the FUTA tax?What condition would make a household employer a covered employer under FUTA?3QR 4QR 5QR 6QR 7QR An employer, because of a favorable experience rating, is permitted to pay a state contribution at a reduced rate of 1.5 percent. What percentage of taxable wages must be paid in the aggregate to the federal and state governments?9QR 10QR 11QR 12QR 13QR 14QR 15QR 16QR 17QR 18QR 19QR 20QR Can the owner of a small business receive unemployment compensation? Explain.2QD 4QD 1PA Peyton Companys payroll for the year is 737,910. Of this amount, 472,120 is for wages paid in excess of 7,000 to each individual employee. The SUTA rate in Peyton Companys state is 2.9% on the first 7,000 of each employees earnings. Compute: a. Net FUTA tax................................................................... _______ b. Net SUTA tax................................................................... _______ c. Total unemployment taxes............................................... _______3PA 4PA 5PA 6PA 7PA 8PA 9PA 10PA 11PA 12PA 13PA 14PA 15PA 16PA 17PA 1PB 2PB 3PB 4PB 5PB 6PB 7PB During 2019, Jake Gore worked for two different employers. Until May, he worked for Wonderman Construction Company in Kansas City, Kansas, and earned 21,500. The state unemployment rate for Wonderman is 4.6%. He then changed jobs and worked for Buxmont Improvement Company in Mobile, Alabama, and earned 33,100 for the rest of the year. The state unemployment rate for Buxmont is 5.1%. Determine the unemployment taxes (FUTA and SUTA) that would be paid by: a. Wonderman Construction Company................................ _______ b. Buxmont Improvement Company.................................... _______9PB 10PB 11PB 12PB 13PB 14PB 15PB 16PB 17PB 1CP The totals from the payroll register of Olt Company for the week of January 25 show: Journalize the entry to record the payroll of January 25.Olt Companys gross payroll for the week of January 25 was 95,190.00. This total pay was taxable for federal (0.6%) and state (3.15%) unemployment taxes. Journalize the entry to record Olt Companys payroll taxes for this pay._____ 1. 1. Employees earnings record A. Expense account for FICA, FUTA, and SUTA taxes on the employer _____ 2. 2. Pay cards B. Legal procedure by which a portion of the wages of any person is withheld for payment of a debt _____ 3. 3. Disposable earnings C. Debit card-based accounts _____ 4. 4. Regular earnings plus overtime earnings D. Notifies employer of a tax levy _____ 5. 5. Payroll Taxes E. Used to complete Form W-2 _____ 6. 6. Overtime premium earnings F. Provides information needed in preparing the journal entries for payroll _____ 7. 7. Wages Payable G. Debit portion of payroll entry _____ 8. 8. Payroll register H. Earnings remaining after withholding for income taxes and for other amounts required by law _____ 9. 9. Form 668-W I. One-half regular pay rate multiplied by overtime hours _____ 10. 10. Garnishment J. Liability account for wages that have been earned by employees but not yet paid 1QR For what reason are distribution columns sometimes provided in the payroll register?3QR 4QR 5QR

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