Question

4. At the end of the first quarter of 201X, you are asked to determine the FUTA tax liability for Ali Company. The FUTA tax r

0 0
Add a comment Improve this question Transcribed image text
Answer #1
Employee Gross Pay Per Week (a) Number of Weeks (b) Total Gross Pay (a*b)
T. Bork $650 13 $8,450
G. Jill $770 13 $10,010
L. Steven $590 13 $7,670
Q. Watson $420 13 $5,460
Total Gross Pay $31,590
FUTA Tax Liability ($31,590*0.8/100) $252.72

Therefore, total FUTA tax liability is $252.72.

Add a comment
Know the answer?
Add Answer to:
4. At the end of the first quarter of 201X, you are asked to determine the...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • 1. SANCHEZ COMPUTER CENTER During the month of November the following transactions occurred. a. Record the...

    1. SANCHEZ COMPUTER CENTER During the month of November the following transactions occurred. a. Record the following transactions in the general journal and post them to the general ledger. b. Prepare a trial balance as of November 30, 201X. Assume the following transactions: Nov. 1 Billed Vita Needle Company $6,800, invoice no. 12675, for services rendered. Nov. 3 Billed Accu Pac, Inc., $3,900, invoice no. 12676, for services rendered. Nov. 5 Purchased new shop benches for $1,400 on account from...

  • Check my work On January 8, the end of the first weekly pay period of the...

    Check my work On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned $22,760 of office salaries and $70,840 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $13,360 of federal income taxes, $1,320 of medical insurance deductions, and $820 of union dues No employee earned more than $7,000 in this first period. Required: 1.1...

  • two On January 8, the end of the first weekly pay period of the year, Regis...

    two On January 8, the end of the first weekly pay period of the year, Regis Company's payroll register showed that its employees earned $21,760 of office salaries and $60,840 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.20%, FICA Medicare taxes at the rate of 1.45%, $12,760 of federal income taxes, $1,330 of medical insurance deductions, and $860 of union dues. No employee earned more than $7,000 in this first...

  • Check my w On January 8, the end of the first weekly pay period of the...

    Check my w On January 8, the end of the first weekly pay period of the year, Regis Company's payroll register showed that its employees earned $27.760 of office salaries and $70.840 of sales salaries. Withholdings from the employees salaries include FICA Social Security taxes at the rate of 6 20% FICA Medicare taxes at the rate of 145%, $13,560 of federal income taxes, $1,330 of medical insurance deductions, and $800 of union dues. No employee earned more than $7,000...

  • Check my w On January 8, the end of the first weekly pay period of the...

    Check my w On January 8, the end of the first weekly pay period of the year, Regis Company's payroll register showed that its employees earned $27.760 of office salaries and $70.840 of sales salaries. Withholdings from the employees salaries include FICA Social Security taxes at the rate of 6 20% FICA Medicare taxes at the rate of 145%, $13,560 of federal income taxes, $1,330 of medical insurance deductions, and $800 of union dues. No employee earned more than $7,000...

  • On January 8, the end of the first weekly pay period of the year, Regis Company's...

    On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned $23,760 of office salaries and $70,840 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $13,460 of federal income taxes, $1,390 of medical insurance deductions, and $900 of union dues. No employee earned more than $7,000 in this first period. Required: 1.1 Calculate below the...

  • On January 8, the end of the first weekly pay period of the year, Regis Company's...

    On January 8, the end of the first weekly pay period of the year, Regis Company's payroll register showed that its employees earned $23,760 of office salaries and $60,840 of sales salaries Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.20%, FICA Medicare taxes at the rate of 1.45%, $12.960 of federal income taxes. $1,330 of medical insurance deductions, and $880 of union dues. No employee earned more than $7,000 in this first period....

  • On January 8, the end of the first weekly pay perid of the year, Regis Company's...

    On January 8, the end of the first weekly pay perid of the year, Regis Company's payroll register showed that its employees earned $27,760 of office salaries and $60,840 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.20%, FICA Medicare taxes at the rate of 1.45%, $13,460 of federal income taxes, $1,450 of medical insurance deductions, and $860 of union dues. No employee earned more than $7,000 in this first period....

  • Paloma Co. has four employees. FICA Social Security taxes are 6.2% of the first $118,500 paid...

    Paloma Co. has four employees. FICA Social Security taxes are 6.2% of the first $118,500 paid to each employee, and FICA Medicare taxes are 1.45% of gross pay. Also, for the first $7,000 paid to each employee, the company’s FUTA taxes are 0.6% and SUTA taxes are 2.15%. The company is preparing its payroll calculations for the week ended August 25. Payroll records show the following information for the company’s four employees. Current Week Name Gross Pay through Aug. 18...

  • On January 8, the end of the first weekly pay period of the year, Regis Company's...

    On January 8, the end of the first weekly pay period of the year, Regis Company's payroll register showed that its employees earned $24,760 of office salaries and $60,840 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.20%, FICA Medicare taxes at the rate of 1.45%, $13,260 of federal income taxes, $1,410 of medical insurance deductions, and $820 of union dues. No employee earned more than $7,000 in this first period....

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT