Please fill the empty boxes and show the computations. We are supposed to get the answers at the bottom. Thanks
It's based off of this. I need help with both. I don't
understand how they are getting some of these numbers
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Please fill the empty boxes and show the computations. We are
supposed to get the answers...
Please fill out the empty boxes and show the computations. We are supposed to get the...
Please fill out the empty boxes and show the computations. We
are supposed to get the answers at the bottom
0 Gibbs Oil Company Payroll Register For the Week Ending November 26 Earnings Employee YTD Earnings Rate Total Hours Net (take-home) Pay Reg Pay Over- time Gross Pay 2,880.00 Total Deductions 13 2,880.00 Brown McDonald Wong Withholdings (= deductions) FICA SS FICA Federal State ($137,700) Medicare Income Inc Tax Union 6.20% 1.45% | Tax 3% Dues 330.000 102.00 15.00 158.00...
How do I fill the rest of this out and do the journal entries Employer's Taxes...
How do I fill the rest of this out and do the journal
entries
Employer's Taxes on 8/25 payroll Taxes 6.2% 0.6% FUTA $7,000 cap 2.15% SUTA $7,000 cap 8% Pension Plan Total Tax Expense MC Pay Employees' Earnings for week ended 8/25 Withholdings (deductions from gross) YTD Federal 3% Earnings Income Tax State $137,700 cap 1.45% Gross Pay With Income FICA FICA Health Name through 8/18 Gross Pay holding Tax SS Insurance Chee $ 204,000 7,000.00 2,100.00 164.50 75.00...
Please explain where these numbers are coming from and the computations to arrive at these numbers,...
Please explain where these numbers are coming from and the
computations to arrive at these numbers, thanks
Single Priscilla earns $20,000 per month. Compute her annual gross earnings, withholdings, and net earnings. Note that her contribution to FICA--MC increased by 0.9% because she earns over $200,000 a year (1.45% up to $200,000; 2.35% on $200,000.01 and more). Priscilla's payroll summary 1 6 .2% 1.45% +0.9% 25% 5% $100/month $75/month Gross Earnings FICA-SS FICA-MC Federal income tax State income tax Health...
How do I fill out the rest of this table Employer's Taxes on 8/25 payroll Pay...
How do I fill out the rest of this table
Employer's Taxes on 8/25 payroll Pay Taxes 0.6% Net FICA FICA FUTA $7,000 cap 2.15% SUTA $7,000 cap 8% Pension Plan Total Tax Expense Health Insurance 75 МС Name Chee Dali Kiesha Marie Trey YTD Earnings Gross Pay through 8/18 $ 204,000 $ 132,500 $ 54,200 $ 26,508 $ 5,580 Totals Employees' Earnings for week ended 8/25 Withholdings (deductions from gross) Federal 3% 6.2% Income Tax State $137,700 cap 1.45%...
Required information [The following information applies to the questions displayed below.) Part 1 of 3 0.62...
Required information [The following information applies to the questions displayed below.) Part 1 of 3 0.62 points BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $128,400 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to its employee. Gross Pay for September Gross Pay through August 31 $ 6,200 2,850 123,800 a. b....
Problem 9-3A Payroll expenses, withholdings, and taxes LO P2, P3 Paloma Co. Stars has four employees....
Problem 9-3A Payroll expenses, withholdings, and taxes LO P2, P3 Paloma Co. Stars has four employees. FICA Social Security taxes are 6.2% of the first $117,000 paid to each employee, and FICA Medicare taxes are 1.45% of gross pay. Also, for the first $7,000 paid to each employee, the company's FUTA taxes are .6% and SUTA taxes are 6.20%. The company is preparing its payroll calculations for the week ended August 25. Payroll records show the following information for the...
The 42 on FUTA is wrong Please correct me and explain your answers. Required information Use...
The 42 on FUTA is wrong Please correct me and explain your
answers.
Required information Use the following information for the Exercises below. The following information applies to the questions displayed below.] BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $128,400 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to its employee....
Please answer the whole question. Paloma Co. has four employees. FICA Social Security taxes are 6.2%...
Please answer the whole question.
Paloma Co. has four employees. FICA Social Security taxes are
6.2% of the first $118,500 paid to each employee, and FICA Medicare
taxes are 1.45% of gross pay. Also, for the first $7,000 paid to
each employee, the company’s FUTA taxes are 0.6% and SUTA taxes are
2.15%. The company is preparing its payroll calculations for the
week ended August 25. Payroll records show the following
information for the company’s four employees.
Current Week
Name...
please explain where the hand written numbers came from and the computations done to arrive at...
please explain where the hand written numbers came
from and the computations done to arrive at those numbers
Figure the employer's taxes/benefits on the December 23 payroll, remembering that some taxes have caps (maximum employee earnings to be taxed). Journalize the entry. Grant Oil Company Employer's Taxes on the Payroll For the Week Ending December 23 Taxes 0.6% 3.4% FICA FICA Federal State SS Medicare Total YTD Hours Hourly Gross Unemployment Unemployment Tax Retirement Employer Employee Earnings Worked Pay Rate...
In the Illustrative Case in this chapter, payroll transactions for Brookins Company were analyzed, journalized, and post...
In the Illustrative Case in this chapter, payroll transactions for Brookins Company were analyzed, journalized, and posted for the third quarter of the fiscal year. In this problem, you are to record the payroll transactions for the last quarter of the firm's fiscal year. The last quarter begins on April 1, 20--. Narrative of Transactions: Apr. 1. Paid the treasurer of the union the amount of union dues withheld from workers' earnings during March. 15. Payroll: $6,105. All wages and...
Please fill out the empty boxes and show the computations. We
are supposed to get the answers at the bottom
0 Gibbs Oil Company Payroll Register For the Week Ending November 26 Earnings Employee YTD Earnings Rate Total Hours Net (take-home) Pay Reg Pay Over- time Gross Pay 2,880.00 Total Deductions 13 2,880.00 Brown McDonald Wong Withholdings (= deductions) FICA SS FICA Federal State ($137,700) Medicare Income Inc Tax Union 6.20% 1.45% | Tax 3% Dues 330.000 102.00 15.00 158.00...
How do I fill the rest of this out and do the journal
entries
Employer's Taxes on 8/25 payroll Taxes 6.2% 0.6% FUTA $7,000 cap 2.15% SUTA $7,000 cap 8% Pension Plan Total Tax Expense MC Pay Employees' Earnings for week ended 8/25 Withholdings (deductions from gross) YTD Federal 3% Earnings Income Tax State $137,700 cap 1.45% Gross Pay With Income FICA FICA Health Name through 8/18 Gross Pay holding Tax SS Insurance Chee $ 204,000 7,000.00 2,100.00 164.50 75.00...
Please explain where these numbers are coming from and the
computations to arrive at these numbers, thanks
Single Priscilla earns $20,000 per month. Compute her annual gross earnings, withholdings, and net earnings. Note that her contribution to FICA--MC increased by 0.9% because she earns over $200,000 a year (1.45% up to $200,000; 2.35% on $200,000.01 and more). Priscilla's payroll summary 1 6 .2% 1.45% +0.9% 25% 5% $100/month $75/month Gross Earnings FICA-SS FICA-MC Federal income tax State income tax Health...
How do I fill out the rest of this table
Employer's Taxes on 8/25 payroll Pay Taxes 0.6% Net FICA FICA FUTA $7,000 cap 2.15% SUTA $7,000 cap 8% Pension Plan Total Tax Expense Health Insurance 75 МС Name Chee Dali Kiesha Marie Trey YTD Earnings Gross Pay through 8/18 $ 204,000 $ 132,500 $ 54,200 $ 26,508 $ 5,580 Totals Employees' Earnings for week ended 8/25 Withholdings (deductions from gross) Federal 3% 6.2% Income Tax State $137,700 cap 1.45%...
Required information [The following information applies to the questions displayed below.) Part 1 of 3 0.62 points BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $128,400 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to its employee. Gross Pay for September Gross Pay through August 31 $ 6,200 2,850 123,800 a. b....
Problem 9-3A Payroll expenses, withholdings, and taxes LO P2, P3 Paloma Co. Stars has four employees. FICA Social Security taxes are 6.2% of the first $117,000 paid to each employee, and FICA Medicare taxes are 1.45% of gross pay. Also, for the first $7,000 paid to each employee, the company's FUTA taxes are .6% and SUTA taxes are 6.20%. The company is preparing its payroll calculations for the week ended August 25. Payroll records show the following information for the...
The 42 on FUTA is wrong Please correct me and explain your
answers.
Required information Use the following information for the Exercises below. The following information applies to the questions displayed below.] BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $128,400 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to its employee....
Please answer the whole question.
Paloma Co. has four employees. FICA Social Security taxes are
6.2% of the first $118,500 paid to each employee, and FICA Medicare
taxes are 1.45% of gross pay. Also, for the first $7,000 paid to
each employee, the company’s FUTA taxes are 0.6% and SUTA taxes are
2.15%. The company is preparing its payroll calculations for the
week ended August 25. Payroll records show the following
information for the company’s four employees.
Current Week
Name...
please explain where the hand written numbers came
from and the computations done to arrive at those numbers
Figure the employer's taxes/benefits on the December 23 payroll, remembering that some taxes have caps (maximum employee earnings to be taxed). Journalize the entry. Grant Oil Company Employer's Taxes on the Payroll For the Week Ending December 23 Taxes 0.6% 3.4% FICA FICA Federal State SS Medicare Total YTD Hours Hourly Gross Unemployment Unemployment Tax Retirement Employer Employee Earnings Worked Pay Rate...
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