Mr. Williams is employed by BDF Inc. Compute BDF’s 2018 employer payroll tax with respect to...
Mr. Williams is employed by BDF Inc. Compute BDF’s 2018 employer payroll tax with respect to Mr. Williams assuming that his annual compensation is $60,000. Compute BDF’s 2018 employer payroll tax with respect to Mr. Williams assuming that his annual compensation is $200,000.
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Mr. Williams is employed by BDF Inc. Compute BDF’s 2018 employer
payroll tax with respect to...
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...
a.) Mr. Johnson receives a payroll of $8,000 from his employer entirely subject to FICA and...
a.) Mr. Johnson receives a payroll of $8,000 from his employer entirely subject to FICA and Medicare (7.65%), federal (0.8%) and state (4%) unemployment taxes, with income tax withholding of $900 and union dues of $40 deducted. Please write the journal entries that the employer makes to record: a. the salary paid to Mr. Johnson and his payroll deduction; b. the employer’s payroll taxes. b.) A local dealer Mike Savoie Chevrolet sells five Chevy Silverado pickup truck on...
Ul Lugihah for the year of assessment 2018. Question 8 Mr Lim, age 49, was employed as the Head o...
Ul Lugihah for the year of assessment 2018. Question 8 Mr Lim, age 49, was employed as the Head of Marketing of Blue Green Sdn Bhd in Kuala Lumpur since 1 August 1991. He resigned from his job on 30 November 2018. Payments and benefits received by Mr Lim from Blue Green Sdn Bhd in 2018 were as follows: a) Gross salary of RM10,000 per month. b) Bonu 2018) c) Medical bills RM8,000 (for his wife) paid by the company....
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...
Mr. Gilbert is self-employed and makes annual contributions to a Keogh plan. Mrs. Gilbert’s employer doesn’t...
Mr. Gilbert is self-employed and makes annual contributions to a Keogh plan. Mrs. Gilbert’s employer doesn’t offer any type of qualified retirement plan. Each spouse contributes $3,200 to a traditional IRA. Required: Compute the AGI on their joint return if AGI before an IRA deduction is $131,000. Compute the AGI on their joint return if AGI before an IRA deduction is $199,300.
Pablo's Mexican Restaurant incurred salaries expense of $61,000 for 2018. The payroll expense includes employer FICA...
Pablo's Mexican Restaurant incurred salaries expense of $61,000 for 2018. The payroll expense includes employer FICA tax, in addition to state unemployment tax and federal unemployment tax. Of the total salaries, $20,000 is subject to unemployment tax. Also, the company provides the following benefits for employees: health insurance (cost to the company, $2,300), life insurance (cost to the company, $400), and retirement benefits (cost to the company, 6 % of salaries expense). (Click the icon to view payroll tax rate...
Ricardo's Mexican Restaurant incurred salaries expense of $62,000 for 2018. The payroll expense includes employer FICA...
Ricardo's Mexican Restaurant incurred salaries expense of $62,000 for 2018. The payroll expense includes employer FICA tax, in addition to state unemployment tax and federal unemployment tax. Of the total salaries, $22,000 is subject to unemployment tax. Also, the company provides the following benefits for employees: health insurance (cost to the company, $3,000), life insurance (cost to the company, $330), and retirement benefits (cost to the company, 10% of salaries expense). (Click the icon to view payroll tax rate information.)...
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...
Mr. Gilbert is self-employed and makes annual contributions to a Keogh plan. Mrs. Gilbert’s employer doesn’t...
Mr. Gilbert is self-employed and makes annual contributions to a Keogh plan. Mrs. Gilbert’s employer doesn’t offer any type of qualified retirement plan. Each spouse contributes $3,500 to a traditional IRA. In each of the following cases, compute the AGI on their joint return. AGI before an IRA deduction is $134,000. AGI before an IRA deduction is $196,600 Compute the AGI on their joint return if AGI before an IRA deduction is $196,600. (Do not round intermediate calculations.)
Payroll Register The following data for Throwback Industries Inc. relate to the payroll for the week...
Payroll Register The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 2018: Hours Hourly Federal Retirements Weekly Salary Eme Worked Rate Income Tax Savings Aaron $46 $486.68 Cobb 295.84 Clemente 216.6 DiMaggio 264.18 Griffey, 3r. Mantle $2,140 Robinson 458.64 513.60 189.00 528.00 249.20 Williams 2.400 Vaughn Employees Mantle and Williams are office staff, and all of the other employees are sales personnel. All sales personnel are paid 1 times the regular rate...
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...
Ul Lugihah for the year of assessment 2018. Question 8 Mr Lim, age 49, was employed as the Head of Marketing of Blue Green Sdn Bhd in Kuala Lumpur since 1 August 1991. He resigned from his job on 30 November 2018. Payments and benefits received by Mr Lim from Blue Green Sdn Bhd in 2018 were as follows: a) Gross salary of RM10,000 per month. b) Bonu 2018) c) Medical bills RM8,000 (for his wife) paid by the company....
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...
Pablo's Mexican Restaurant incurred salaries expense of $61,000 for 2018. The payroll expense includes employer FICA tax, in addition to state unemployment tax and federal unemployment tax. Of the total salaries, $20,000 is subject to unemployment tax. Also, the company provides the following benefits for employees: health insurance (cost to the company, $2,300), life insurance (cost to the company, $400), and retirement benefits (cost to the company, 6 % of salaries expense). (Click the icon to view payroll tax rate...
Ricardo's Mexican Restaurant incurred salaries expense of $62,000 for 2018. The payroll expense includes employer FICA tax, in addition to state unemployment tax and federal unemployment tax. Of the total salaries, $22,000 is subject to unemployment tax. Also, the company provides the following benefits for employees: health insurance (cost to the company, $3,000), life insurance (cost to the company, $330), and retirement benefits (cost to the company, 10% of salaries expense). (Click the icon to view payroll tax rate information.)...
Payroll Register The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 2018: Hours Hourly Federal Retirements Weekly Salary Eme Worked Rate Income Tax Savings Aaron $46 $486.68 Cobb 295.84 Clemente 216.6 DiMaggio 264.18 Griffey, 3r. Mantle $2,140 Robinson 458.64 513.60 189.00 528.00 249.20 Williams 2.400 Vaughn Employees Mantle and Williams are office staff, and all of the other employees are sales personnel. All sales personnel are paid 1 times the regular rate...
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