Homework Answers
| Normal Pay (40*12 | $ 480.00 | |
| Overtime Pay (10*12*1.5 | $ 180.00 | |
| Gross Pay | $ 660.00 | |
| Particulars | Amount | Amount |
| Gross pay | $ 660.00 | |
| Withholdings: | ||
| Federal tax @ 20% | $ 132.00 | |
| OASDI @ 6.2% | $ 40.92 | |
| Medicare @1.45% | $ 9.57 | |
| United Way | $ 5.00 | |
| Total withheld | $ 187.49 | |
| Net pay | $ 472.51 | |
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i More Info For all payroll calculations, use the following tax rates and round amounts to...
in al More Info For all payroll calculations, use the following tax rates and round amounts...
in al More Info For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. Employer: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% on all earnings; FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned. Print Done Louis Welch is general manager of Moonwalk Salons. During 2018, Welch worked for the company all year...
Question Help Hal Sully manages a Frosty World drive-in. His straight-time pay is $16 per hour,...
Question Help Hal Sully manages a Frosty World drive-in. His straight-time pay is $16 per hour, with time-and-a-half for hours in excess of 40 per week. Sully's payroll deductions include withheld income tax of 30%, FICA tax, and a weekly deduction of $10 for a charitable contribution to United Way. Sully worked 56 hours during the week. O (Click the icon to view payroll tax rate information.) Read the requirements. Requirement 1. Compute Sully's gross pay and net pay for...
stuck on that last i just keep calculating it wrong ST1-(SITI U) Uuestion Help Berry Company...
stuck on that last i just keep calculating it wrong
ST1-(SITI U) Uuestion Help Berry Company has monthly salaries of $20,000. Assume Berry pays all the standard payroll taxes, no employees have reached the payroll tax limits, total income tax withheld is $2.000, and the only payroll deductions are payroll taxes. Journalize the accrual of salaries expense, accrual of employer payroll taxes, and payment of employee and employer payroll taxes for Berry Company. (Assume all of the monthly salary is...
Logan White is general manager of Valuepoint Salons. During 2018, White worked Valuepoint incurred payroll tax...
Logan White is general manager of Valuepoint Salons. During 2018, White worked Valuepoint incurred payroll tax expense on White for FICA tax. The company also for the company all year at a $13,600 monthly salary. He also earned a year-end paid state unemployment tax and federal unemployment tax. bonus equal to 15% of his annual salary. White's federal income tax withheld (Click the icon to view payroll tax rate information.) during 2018 was $1,360 per month, plus $4,876 on his...
E11-18 (similar to) Question Help Holden Santana manages a Dairy King drive-in. His straight time pay...
E11-18 (similar to) Question Help Holden Santana manages a Dairy King drive-in. His straight time pay is 514 per hour, with time and a half for hours in excess of 40 per week. Santana's payroll deductions include withheld income tax of 40%, FICA tax, and a weekly deduction of $9 for a charitable contribution to United Way, Santana worked 56 hours during the work Click the icon to view payroll tax rate information.) Read the requirements Requirement 1. Compute Santana's...
Requirements 1. Compute Stanton's gross pay and net pay for the week. Assume earnings to date...
Requirements 1. Compute Stanton's gross pay and net pay for the week. Assume earnings to date are $14,000 2. Journalize Frosty World's wages expense accrual for Stanton's work. An explanation is not required 3. Journalize the subsequent payment of wages to Stanton. Print Done More Info For all payroll calculations, use the following tax rates and round amounts to the nearest cent: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. Employee: OASDI:...
Herbert Sully manages a Dairy King drive-in. His straight-time pay is $19 per hour, with time-and-a-half...
Herbert Sully manages a Dairy King drive-in. His straight-time pay is $19 per hour, with time-and-a-half for hours in excess of 40 per week. Sully's payroll deductions include withheld income tax of 30%, FICA tax, and a weekly deduction of $7 for a charitable contribution to United Way. Sully worked 55 hours during the week. i (Click the icon to view payroll tax rate information.) Read the requirements Requirement 1. Compute Sully's gross pay and net pay for the week....
thank you!! Ha Simpson manages a Frosty Boy drive-in His straight-time pay is $17 per hour,...
thank you!!
Ha Simpson manages a Frosty Boy drive-in His straight-time pay is $17 per hour, with time and a half for hours in excess of 40 per week. Simpson's payroll deductions include withheld income tax of 20%, FICA tax, and a weekly deduction of $10 for a charitable contribution to United Way. Simpson worked 60 hours during the week (Click the icon to view payroll tax rate information) Read the requirements Requirement 1. Compute Simpson's gross pay and net...
3. Vincent Sanders works for Peterson Company all year and earns a monthly salary of $3,000....
3. Vincent Sanders works for Peterson Company all year and earns a monthly salary of $3,000. There is no overtime pay. Based on Vincent's W-4, Peterson withholds income taxes at 10% of his gross pay. As of July 31, Vincent had $21,000 of cumulative earnings. a (Click the icon to view payroll tax rate information.) Journalize the accrual of salary expense for Peterson Company related to the employment of Vincent Sanders for the month of August. (Record debits first, then...
3. Jackson Phillips works for Peterson Company all year and earns a monthly salary of $4,200....
3. Jackson Phillips works for Peterson Company all year and earns a monthly salary of $4,200. There is no overtime pay. Based on Jackson's W-4, Peterson withholds income taxes at 10% of his gross pay. As of July 31, Jackson had $29,400 of cumulative earnings. (Click the icon to view payroll tax rate information.) Journalize the accrual of salary expense for Peterson Company related to the employment of Jackson Phillips for the month of August. (Record debits first, then credits....
in al More Info For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. Employer: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% on all earnings; FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned. Print Done Louis Welch is general manager of Moonwalk Salons. During 2018, Welch worked for the company all year...
Question Help Hal Sully manages a Frosty World drive-in. His straight-time pay is $16 per hour, with time-and-a-half for hours in excess of 40 per week. Sully's payroll deductions include withheld income tax of 30%, FICA tax, and a weekly deduction of $10 for a charitable contribution to United Way. Sully worked 56 hours during the week. O (Click the icon to view payroll tax rate information.) Read the requirements. Requirement 1. Compute Sully's gross pay and net pay for...
stuck on that last i just keep calculating it wrong
ST1-(SITI U) Uuestion Help Berry Company has monthly salaries of $20,000. Assume Berry pays all the standard payroll taxes, no employees have reached the payroll tax limits, total income tax withheld is $2.000, and the only payroll deductions are payroll taxes. Journalize the accrual of salaries expense, accrual of employer payroll taxes, and payment of employee and employer payroll taxes for Berry Company. (Assume all of the monthly salary is...
Logan White is general manager of Valuepoint Salons. During 2018, White worked Valuepoint incurred payroll tax expense on White for FICA tax. The company also for the company all year at a $13,600 monthly salary. He also earned a year-end paid state unemployment tax and federal unemployment tax. bonus equal to 15% of his annual salary. White's federal income tax withheld (Click the icon to view payroll tax rate information.) during 2018 was $1,360 per month, plus $4,876 on his...
E11-18 (similar to) Question Help Holden Santana manages a Dairy King drive-in. His straight time pay is 514 per hour, with time and a half for hours in excess of 40 per week. Santana's payroll deductions include withheld income tax of 40%, FICA tax, and a weekly deduction of $9 for a charitable contribution to United Way, Santana worked 56 hours during the work Click the icon to view payroll tax rate information.) Read the requirements Requirement 1. Compute Santana's...
Requirements 1. Compute Stanton's gross pay and net pay for the week. Assume earnings to date are $14,000 2. Journalize Frosty World's wages expense accrual for Stanton's work. An explanation is not required 3. Journalize the subsequent payment of wages to Stanton. Print Done More Info For all payroll calculations, use the following tax rates and round amounts to the nearest cent: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. Employee: OASDI:...
Herbert Sully manages a Dairy King drive-in. His straight-time pay is $19 per hour, with time-and-a-half for hours in excess of 40 per week. Sully's payroll deductions include withheld income tax of 30%, FICA tax, and a weekly deduction of $7 for a charitable contribution to United Way. Sully worked 55 hours during the week. i (Click the icon to view payroll tax rate information.) Read the requirements Requirement 1. Compute Sully's gross pay and net pay for the week....
thank you!!
Ha Simpson manages a Frosty Boy drive-in His straight-time pay is $17 per hour, with time and a half for hours in excess of 40 per week. Simpson's payroll deductions include withheld income tax of 20%, FICA tax, and a weekly deduction of $10 for a charitable contribution to United Way. Simpson worked 60 hours during the week (Click the icon to view payroll tax rate information) Read the requirements Requirement 1. Compute Simpson's gross pay and net...
3. Vincent Sanders works for Peterson Company all year and earns a monthly salary of $3,000. There is no overtime pay. Based on Vincent's W-4, Peterson withholds income taxes at 10% of his gross pay. As of July 31, Vincent had $21,000 of cumulative earnings. a (Click the icon to view payroll tax rate information.) Journalize the accrual of salary expense for Peterson Company related to the employment of Vincent Sanders for the month of August. (Record debits first, then...
3. Jackson Phillips works for Peterson Company all year and earns a monthly salary of $4,200. There is no overtime pay. Based on Jackson's W-4, Peterson withholds income taxes at 10% of his gross pay. As of July 31, Jackson had $29,400 of cumulative earnings. (Click the icon to view payroll tax rate information.) Journalize the accrual of salary expense for Peterson Company related to the employment of Jackson Phillips for the month of August. (Record debits first, then credits....
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