Homework Answers
Social Security Tax Withheld = $45,000 * 6.5% = $2,925
Medicare Tax Withheld = $45,000 * 1.45% = $652.5
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how calculate te socual security tax withheld and medicare tax
withheld? please
10. Form W-2. (Obj....
Gross Federal Income Tax Withheld Social Security Tax Withheld Medicare Tax withheld Employee Earnings Arnett 42,00...
Gross Federal Income Tax Withheld Social Security Tax Withheld Medicare Tax withheld Employee Earnings Arnett 42,000 $ 5,880 $ 630 2,520 918 Cruz 2,754 — 230 15,300 22,950 Edwards 2,873 1,327 344 7 Harvin 4,800 600 7 Nicks 66,700 15,008 → 288 4,002 222 Shiancoe 3,700 574 1,001 56 1,139 Ward 75,900 16,324 4,554 13,881 $ 3,472 ✓ 2. Calculate the following employer payroll taxes for the year: (a) social security; (b) Medicare; (c) state unemployment compensation at 5.4% on...
Wage and Tax Statement Data on Employer FICA Tax Ehrlich Co. began business on January 2,...
Wage and Tax Statement Data on Employer FICA Tax 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...
Prepare the following individual’s 2019 tax returns. Whitney M. Refund (257-00-4321, born 3-1-1978) provides all of...
Prepare the following individual’s 2019
tax returns.
Whitney M. Refund (257-00-4321, born 3-1-1978) provides all of
the support for her son, Jeremy (364-00-5654; born 5-3-2012) who
lives with her full-time. Whitney’s husband passed away in 2016 and
she receives $10,000 in social security benefits. Whitney and
Jeremy live at 4175 Spring St, Green Bay, WI 54313. Whitney works
as a Librarian and has the following W2:
Whitney had interest income from
Associated Bank of $25.00.
Ollie Bench, 17-year old,...
How can I find the social security wages and tax withhled This window shows your responses...
How can I find the social security wages and tax
withhled
This window shows your responses and what was marked correct and incorrect from your previous attempt Exercise 9-10A Calculating payroll LO 9-5 Old Town Entertainment has two employees in Year 1 Clay earns $4.500 per month and Philip, the manager, earns $10.000 per month. Neither is paid extra for working overtime. Assume the Social Security tax rate is 6 percent on the first $110,000 of earnings and the Medicare...
Patty Banyan is a single taxpayer, age 35, living at 543 Space Drive, Houston, TX 77099....
Patty Banyan is a single taxpayer, age 35, living at 543 Space Drive, Houston, TX 77099. Her Social Security number is 466-33-1234. For 2018, Patty has no dependents, and received a W-2 from her job at a local restaurant where she parks cars. These wages are Patty's only income for 2018. Required: Complete Form 1040 for Patty Banyan for the 2018 tax year. She wants to donate $3 to the Presidential Election Campaign Fund. The election to donate does not...
Wage and Tax Statement Data and Employer FICA Tax Jocame Inc. began business on January 2....
Wage and Tax Statement Data and Employer FICA Tax Jocame Inc. began business on January 2. 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...
Leo Timmy Wingull and Julie Angela Wingull are married taxpayers. They do not have children. Below...
Leo Timmy Wingull and Julie Angela Wingull are married
taxpayers. They do not have children. Below is
their information for 2019:
•They have wages, dividend, and interest income. Please see the
related forms.
•Leo pays his ex-wife alimony of $10,000 a year that meets all
necessary qualifications.
The divorce decree was finalized in 2011.
•Julie received a gift from her cousin of $300.
Please prepare Form 1040 and all related schedules
22222 Da vaid Void U a Employee's social security...
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...
Instructions Comprehensive Problem 2-1 Beverly and Ken Hair have been married for 3 years. Beverly works...
Instructions Comprehensive Problem 2-1 Beverly and Ken Hair have been married for 3 years. Beverly works as an accountant at Cypress Corporation. Ken is a full-time student at Southwest Missouri State University (SMSU) and also works part-time during the summer at Cypress Corp. Ken's birthdate is January 12, 1993 and Beverly's birthdate is November 4, 1995. Beverly and Ken each received a W-2 form from Cypress Corporation (see separate tab). The Hairs have interest income of $1,000 on City of...
Gross Federal Income Tax Withheld Social Security Tax Withheld Medicare Tax withheld Employee Earnings Arnett 42,000 $ 5,880 $ 630 2,520 918 Cruz 2,754 — 230 15,300 22,950 Edwards 2,873 1,327 344 7 Harvin 4,800 600 7 Nicks 66,700 15,008 → 288 4,002 222 Shiancoe 3,700 574 1,001 56 1,139 Ward 75,900 16,324 4,554 13,881 $ 3,472 ✓ 2. Calculate the following employer payroll taxes for the year: (a) social security; (b) Medicare; (c) state unemployment compensation at 5.4% on...
Wage and Tax Statement Data on Employer FICA Tax 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...
Prepare the following individual’s 2019
tax returns.
Whitney M. Refund (257-00-4321, born 3-1-1978) provides all of
the support for her son, Jeremy (364-00-5654; born 5-3-2012) who
lives with her full-time. Whitney’s husband passed away in 2016 and
she receives $10,000 in social security benefits. Whitney and
Jeremy live at 4175 Spring St, Green Bay, WI 54313. Whitney works
as a Librarian and has the following W2:
Whitney had interest income from
Associated Bank of $25.00.
Ollie Bench, 17-year old,...
How can I find the social security wages and tax
withhled
This window shows your responses and what was marked correct and incorrect from your previous attempt Exercise 9-10A Calculating payroll LO 9-5 Old Town Entertainment has two employees in Year 1 Clay earns $4.500 per month and Philip, the manager, earns $10.000 per month. Neither is paid extra for working overtime. Assume the Social Security tax rate is 6 percent on the first $110,000 of earnings and the Medicare...
Leo Timmy Wingull and Julie Angela Wingull are married
taxpayers. They do not have children. Below is
their information for 2019:
•They have wages, dividend, and interest income. Please see the
related forms.
•Leo pays his ex-wife alimony of $10,000 a year that meets all
necessary qualifications.
The divorce decree was finalized in 2011.
•Julie received a gift from her cousin of $300.
Please prepare Form 1040 and all related schedules
22222 Da vaid Void U a Employee's social security...
Instructions Comprehensive Problem 2-1 Beverly and Ken Hair have been married for 3 years. Beverly works as an accountant at Cypress Corporation. Ken is a full-time student at Southwest Missouri State University (SMSU) and also works part-time during the summer at Cypress Corp. Ken's birthdate is January 12, 1993 and Beverly's birthdate is November 4, 1995. Beverly and Ken each received a W-2 form from Cypress Corporation (see separate tab). The Hairs have interest income of $1,000 on City of...
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