The Wash Your Paws Self-Service Dog Wash, a California business, had two employees during the year....
The Wash Your Paws Self-Service Dog Wash, a California business, had two employees during the year. Lindsey worked from January through March 15 and earned $2,750. Avery worked for the whole year and earned $20,000. The State of California assesses unemployment tax at the rate of 5.4 percent. Calculate the total FUTA tax after the credit for the state unemployment tax.
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The Wash Your Paws Self-Service Dog Wash, a California business,
had two employees during the year....
include procedure _16. Jafet has two employees who eamed the following amounts during 2018 Sem $17,000...
include procedure
_16. Jafet has two employees who eamed the following amounts during 2018 Sem $17,000 Mesec 5.000 If Jafet timely pays 5.4% for state unemployment tax, what is the amount of his 2018FUTA after the state Credit: A. B C SO $72 $132 $1.188 None of the above. The answer is E 17. Lazarus has a domestic employee who earned $4,000 during 2018. If Lazarus timely pays 5.4 percent for state unemployment tax, what is the amount of his...
Jillian is a self-employed resident of California. She had a net profit of $225,000 for the...
Jillian is a self-employed resident of California. She had a net profit of $225,000 for the tax year. Based on her high-income level, what percentage of additional self-employment tax will she be required to pay on her California state return? a) 0% b) 1.45% c) 7.65% d) 0.9% Federal law requires the use of MACRS for most tangible depreciable property placed in service after 1986. California does not always conform to federal tax law. Which one of the following statements...
On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned $25,760 of office sa...
On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned $25,760 of office salaries and $60,840 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $12,760 of federal income taxes, $1,440 of medical insurance deductions, and $780 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 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 6.2%, FICA Medicare taxes at the rate of 1.45%, $12,760 of federal income taxes, $1,360 of medical insurance deductions, and $920 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 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%, $12,760 of federal income taxes, $1,360 of medical insurance deductions, and $800 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 employees earned $21,760 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%, $13,260 of federal income taxes, $1,330 of medical insurance deductions, and $820 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 perlod of the year, Regis Company's payroll register showed that its employees earned $23,760 of office salarles and $70,840 of sales salaries. Withh...
On January 8, the end of the first weekly pay perlod of the year, Regis Company's payroll register showed that its employees earned $23,760 of office salarles and $70,840 of sales salaries. Withholdings from the employees' salarles 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, $1,350 of medical insurance deductions, and $880 of union dues. No employee earned more than $7,000 In this first period....
Ehrlich Co. began business on January 2, 20Y8. Salaries were paid to employees on the last...
Ehrlich Co. began business on January 2, 20Y8. Salaries were paid to employees on the last day of each month, and social security tax, Medicare tax, and federal income tax were withheld in the required amounts. An employee who is hired in the middle of the month receives half the monthly salary for that month. All required payroll tax reports were filed, and the correct amount of payroll taxes was remitted by the company for the calendar year. Early in...
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 $26,760 of office salaries and $60,840 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $13,160 of federal income taxes, $1,430 of medical insurance deductions, and $920 of union dues. No employee earned more than $7,000 in this first period. Required: 1.1 Calculate below the...
all 1 question Alice is single and self-employed in 2020. Her net business profit on her...
all 1 question
Alice is single and self-employed in 2020. Her net business profit on her Schedule C for the year is $170,000. What is her self-employment tax liability and additional Medicare tax liability for 2020? (Round your final answer to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.) Self-employment tax liability Additional medicare tax liability Rasheed works for Company A, earning $431,000 in salary during 2020. Assuming he is single and has no other...
include procedure
_16. Jafet has two employees who eamed the following amounts during 2018 Sem $17,000 Mesec 5.000 If Jafet timely pays 5.4% for state unemployment tax, what is the amount of his 2018FUTA after the state Credit: A. B C SO $72 $132 $1.188 None of the above. The answer is E 17. Lazarus has a domestic employee who earned $4,000 during 2018. If Lazarus timely pays 5.4 percent for state unemployment tax, what is the amount of his...
On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned $25,760 of office salaries and $60,840 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $12,760 of federal income taxes, $1,440 of medical insurance deductions, and $780 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 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%, $12,760 of federal income taxes, $1,360 of medical insurance deductions, and $800 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 employees earned $21,760 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%, $13,260 of federal income taxes, $1,330 of medical insurance deductions, and $820 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 perlod of the year, Regis Company's payroll register showed that its employees earned $23,760 of office salarles and $70,840 of sales salaries. Withholdings from the employees' salarles 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, $1,350 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 period of the year, Regis Company's employees earned $26,760 of office salaries and $60,840 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $13,160 of federal income taxes, $1,430 of medical insurance deductions, and $920 of union dues. No employee earned more than $7,000 in this first period. Required: 1.1 Calculate below the...
all 1 question
Alice is single and self-employed in 2020. Her net business profit on her Schedule C for the year is $170,000. What is her self-employment tax liability and additional Medicare tax liability for 2020? (Round your final answer to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.) Self-employment tax liability Additional medicare tax liability Rasheed works for Company A, earning $431,000 in salary during 2020. Assuming he is single and has no other...
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