Cengagenowv2, 1 Term Printed Access Card For Bieg/toland's Payroll Accounting 2019, 29th
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
Question
Book Icon
Chapter 5, Problem 14PB

a.

To determine

Calculate FICA tax (OASDI and HI) to be withheld for each person.

b.

To determine

Calculate the amount of the employer’s FICA taxes for the weekly payroll.

c.

To determine

Calculate the amount of state unemployment contributions for the weekly payroll.

d.

To determine

Calculate net FUTA tax on the payroll.

e.

To determine

Calculate the total amount of employer’s payroll taxes for the weekly payroll.

Blurred answer
Students have asked these similar questions
In Oregon, employers who are covered by the state workers' compensation law withhold employee contributions from the wages of covered employees for the workers' benefit fund at the rate of 1.2¢ for each hour or part of an hour that the worker is employed. Every covered employer is also assessed 1.2¢ per hour for each worker employed for each hour or part of an hour. The employer-employee contributions for workers' compensation are collected monthly, quarterly, or annually by the employer's insurance carrier, according to a schedule agreed upon by the employer and the carrier. The insurance carrier remits the contributions to the state's Workers' Compensation Department. Cortez Company, a covered employer in Oregon, turns over the employer-employee workers' compensation contributions to its insurance carrier by the 15th of each month for the preceding month. During the month of July, the number of full-time employee-hours worked by the company's employees was 8,490; the number of…
Bailey Plyler has three employees in his carpet cleaning business. The payroll is semimonthly and the employees earn ​$710, ​$835, and ​$1100 per pay period. Based on the fact that the employer is required to pay the SUTA​ tax, calculate when and in what amounts FUTA tax payments are to be made for the year.
Tea Tree Therapeutics is an Arizona company with a SUTA tax of 5.2% and a SUTA wage base of $7,000. The employee earnings for the past year are: Theresa, $25,340; Gregori, $7,400; Alain, $20,860; and Katlyn, $5,730. Arizona employers pay a State Unemployment Insurance Tax (SUI) of 2.0% on all wages up to the first $7,000 annually. What is the total of Tea Tree Therapeutic’ employer-share taxes for FUTA, SUTA, SUI, and FICA for the year? (Round your intermediate calculations to 2 decimal places.)  Multiple Choice $6,840.79  $6,682.39 $6,623.69 $6,463.31
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
PAYROLL ACCT., 2019 ED.(LL)-TEXT
Accounting
ISBN:9781337619783
Author:BIEG
Publisher:CENGAGE L
Text book image
College Accounting, Chapters 1-27 (New in Account...
Accounting
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:Cengage Learning
Text book image
College Accounting, Chapters 1-27
Accounting
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:Cengage Learning,
Text book image
CONCEPTS IN FED.TAX., 2020-W/ACCESS
Accounting
ISBN:9780357110362
Author:Murphy
Publisher:CENGAGE L
Text book image
SWFT Comprehensive Volume 2019
Accounting
ISBN:9780357233306
Author:Maloney
Publisher:Cengage
Text book image
SWFT Comprehensive Vol 2020
Accounting
ISBN:9780357391723
Author:Maloney
Publisher:Cengage