Homework Answers
| Employees' total OASDI | 267.84 | =66.96*4 |
| Employees' total HI | 62.64 | =15.66*4 |
| Employer's total OASDI | 267.84 | |
| Employer's total HI | 62.64 | |
| Workings: | ||
| Per Employee OASDI | 66.96 | =1080*6.2% |
| Per Employee HI | 15.66 | =1080*1.45% |
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Volpe Corporation has only four employees who are all paid $1,080 per week. Compute the total...
Example 3-1 Example 3-2 Wallington Company has 100 employees, each eaming $525.25 a week. $32.57 $3,257.00...
Example 3-1 Example 3-2 Wallington Company has 100 employees, each eaming $525.25 a week. $32.57 $3,257.00 (6.2% x $525.25) ($32.57 x 100) [6.2% ($525.25 x 100)] $3,256.55 OASDI Amount of OASDI tax withheld from each employee's paycheck each week: Total tax withheld from the 100 employees' wages: Tax on employer: НІ Amount of HI tax withheld from each employee's paycheck each week: Total tax withheld from the 100 employees' wages is: Tax on employer: $7.62 (1.45% x $525.25) $762.00 ($7.62...
Example 3-2 Wallington Company has 100 employees, each earning $525.25 a week. OASDI Amount of OASDI...
Example 3-2 Wallington Company has 100 employees, each earning $525.25 a week. OASDI Amount of OASDI tax withheld from each employee's paycheck each week: $32.57 (6.2% × $525.25) Total tax withheld from the 100 employees' wages: $3,257.00 ($32.57 × 100) Tax on employer: $3,256.55 [6.2% × ($525.25 × 100)] HI Amount of HI tax withheld from each employee's paycheck each week: $7.62 (1.45% × $525.25) Total tax withheld from the 100 employees' wages is: $762.00 ($7.62 × 100) Tax on...
Example 3-2 Wallington Company has 100 employees, each earning $525.25 a week. OASDI Amount of OASDI...
Example 3-2 Wallington Company has 100 employees, each earning $525.25 a week. OASDI Amount of OASDI tax withheld from each employee's paycheck each week: $32.57 (6.2% × $525.25) Total tax withheld from the 100 employees' wages: $3,257.00 ($32.57 × 100) Tax on employer: $3,256.55 [6.2% × ($525.25 × 100)] HI Amount of HI tax withheld from each employee's paycheck each week: $7.62 (1.45% × $525.25) Total tax withheld from the 100 employees' wages is: $762.00 ($7.62 × 100) Tax on...
Funke Corporation has only five employees who are all paid $1,050 per week. Compute the total...
Funke Corporation has only five employees who are all paid $1,050 per week. Compute the total FICA taxes that the employer would withhold from the five employees each week and the amount the company would pay as its own liability for the employer's share of the FICA taxes on the weekly wages of the five employees: Round your taxable wages per paycheck to the nearest cent. Employees' total OASDI $ Employees' total HI $ Employer's total OASDI $ Employer's total...
U S W are all paid $1,050 per week. Compute the total FICA taxes that the...
U S W are all paid $1,050 per week. Compute the total FICA taxes that the employer would withhold from the five employees each week and the amount the employees each week and the amount the company would pay as its own liability for the employer's share of the FICA taxes on the weekly wages of the five employees Employees' total OASDI.... Employees' total HI.... Employer's total OASDI Employer's total Hl.... 3-8BLO 3 See Example 3-5 on page 3-13 ME...
Use the following tax rates and taxable wage bases; employee's and employer's OASDI 6.2% both on...
Use the following tax rates and taxable wage bases; employee's
and employer's OASDI 6.2% both on $132,900 HI 1.45% for employees
and employers on the total wages paid. Employees Supplemental HI
0.9 percent on wages in excess of $200,000 was not applicable.
Instruction 3-1 Use the following tax rates and taxable wage bases: Employees' and Employer's OASDI—6.2% both on $132,900; HI—1.45% for employees and employers on the total wages paid. Employees' Supplemental HI of 0.9 percent on wages in excess...
The form below shows the amounts that appear in the Earnings to Date column of the...
The form below shows the amounts that appear in the Earnings to Date column of the employees' earnings records for 10 full-time and part-time workers in Ranger Company. These amounts represent the cumulative earnings for each worker as of November 1, the company's last payday. The form also gives the gross amount of earnings to be paid each worker on the next payday, November 8. In the state where Ranger Company is located, the tax rates and bases are as...
The form below shows the amounts that appear in the Earnings to Date column of the...
The form below shows the amounts that appear in the Earnings to Date column of the employees' earnings records for 10 full- and part-time workers in Unger Company. These amounts represent the cumulative earnings for each worker as of October 4, the company's last payday. The form also gives the gross amount of earnings to be paid each worker on the next payday, October 11. In the state where Unger Company is located, the tax rates and bases are as...
The form below shows the amounts that appear in the Earnings to Date column of the...
The form below shows the amounts that appear in the Earnings to Date column of the employees' earnings records for 10 full- and part-time workers in Unger Company. These amounts represent the cumulative earnings for each worker as of October 4, the company's last payday. The form also gives the gross amount of earnings to be paid each worker on the next payday, October 11. In the state where Unger Company is located, the tax rates and bases are as...
QUESTION 1 What is the total OASDI withheld from employees for this period? QUESTION 2 What is the total HI withh...
QUESTION 1 What is the total OASDI withheld from employees for this period? QUESTION 2 What is the total HI withheld from employees for this period? QUESTION 3 What is the total Employer OASDI tax for this period? QUESTION 4 What is the total Employer's HI tax for this period? Click Sqve and Subeit to save and submit.Click Save All Annwers to sqve all annwers 3-9B LO 3 See Example 3-1 on page 3-11, Example 3-2 on page 3-12 Haggerty...
Example 3-1 Example 3-2 Wallington Company has 100 employees, each eaming $525.25 a week. $32.57 $3,257.00 (6.2% x $525.25) ($32.57 x 100) [6.2% ($525.25 x 100)] $3,256.55 OASDI Amount of OASDI tax withheld from each employee's paycheck each week: Total tax withheld from the 100 employees' wages: Tax on employer: НІ Amount of HI tax withheld from each employee's paycheck each week: Total tax withheld from the 100 employees' wages is: Tax on employer: $7.62 (1.45% x $525.25) $762.00 ($7.62...
U S W are all paid $1,050 per week. Compute the total FICA taxes that the employer would withhold from the five employees each week and the amount the employees each week and the amount the company would pay as its own liability for the employer's share of the FICA taxes on the weekly wages of the five employees Employees' total OASDI.... Employees' total HI.... Employer's total OASDI Employer's total Hl.... 3-8BLO 3 See Example 3-5 on page 3-13 ME...
Use the following tax rates and taxable wage bases; employee's
and employer's OASDI 6.2% both on $132,900 HI 1.45% for employees
and employers on the total wages paid. Employees Supplemental HI
0.9 percent on wages in excess of $200,000 was not applicable.
Instruction 3-1 Use the following tax rates and taxable wage bases: Employees' and Employer's OASDI—6.2% both on $132,900; HI—1.45% for employees and employers on the total wages paid. Employees' Supplemental HI of 0.9 percent on wages in excess...
The form below shows the amounts that appear in the Earnings to Date column of the employees' earnings records for 10 full-time and part-time workers in Ranger Company. These amounts represent the cumulative earnings for each worker as of November 1, the company's last payday. The form also gives the gross amount of earnings to be paid each worker on the next payday, November 8. In the state where Ranger Company is located, the tax rates and bases are as...
QUESTION 1 What is the total OASDI withheld from employees for this period? QUESTION 2 What is the total HI withheld from employees for this period? QUESTION 3 What is the total Employer OASDI tax for this period? QUESTION 4 What is the total Employer's HI tax for this period? Click Sqve and Subeit to save and submit.Click Save All Annwers to sqve all annwers 3-9B LO 3 See Example 3-1 on page 3-11, Example 3-2 on page 3-12 Haggerty...
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