Cengagenowv2, 1 Term Printed Access Card For Bieg/toland's Payroll Accounting 2019, 29th
29th Edition
ISBN: 9781337619806
Author: Bernard J. Bieg, Judith Toland
Publisher: South-Western College Pub
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Textbook Question
Chapter 3, Problem 4PB
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 company’s 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 week’s pay would have a:
- a. Deduction for OASDI tax $_______
- b. Deduction for HI tax $__________
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Moisa Evans is a maitre d’ at Red Rock Club. On September 6, his gross pay was $900 (three days working, one paidvacation 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 company’s 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 theplan for Evans. This week’s pay would have a:a. Deduction for OASDI tax $b. Deduction for HI tax $
Moisa Evans is a maitre d’ at Red Rock Club. On September 5, 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 company’s 401(k) plan and has 5 percent 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 week’s pay would have a:
a. Deduction for OASDI tax $
b. Deduction for HI tax $
Moisa Evans is a maitre d' at Red Rock Club. On September 6, 20--, 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 company's 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. Compute the following amounts:
a. Deduction for OASDI tax:
b. Deduction for HI tax:
Chapter 3 Solutions
Cengagenowv2, 1 Term Printed Access Card For Bieg/toland's Payroll Accounting 2019, 29th
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