Ami's cumulative earnings before the payroll period ended September 11 were $115,800. The cumulative earnings, including those of this payroll period, total $118,710. The amount of her current pay period earnings recorded in the Social Security Taxable Earnings column is: a. $118,500. b. $210. c. $0. d. $2,700.

The following information is noted on the year end payroll register for an employee employed with a Québec employer: Regular earnings $85,000.00, vacation pay $3,800.00, taxable car allowance $630.00, non-cash taxable benefit for group term life insurance $169.00 and a non-eligible retiring allowance of $15,000.00. Calculate the amount that would be reported in Box I of the RL-1?

For each employee listed below, calculate the taxable earnings for Social Security tax for the described pay period. Note that none of these employees exceed the Social Security taxable wage base during the year. NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation. 1: Devin Moody earned gross pay of $1,200 during a recent pay period. He contributes 10% of gross pay to a 403(b) retirement plan and $85 each pay period to a cafeteria plan. Taxable earnings = $

For tax purposes, assume that the maximum taxable earnings are $118,500 for Social Security and $7,000 for the unemployment tax and that all earnings are taxable for Medicare. For the payroll register for the month of November for Shelby, Inc., determine the taxable earnings for each employee. If an amount is zero, enter "0". BEGINNING ENDING TAXABLE EARNINGS CUMULATIVE ТОTAL CUMULATIVE NAME EARNINGS EARNINGS EARNINGS UNEMPLOYMENT SOCIAL SECURITY MEDICARE Axton, C. 107,474.00 12,746.00 120,220.00 Edgar, E. 148,618.00 19,092.00 167,710.00 Gorman, L. 36,284.00 3,086.00 39,370.00 Jolson, R. 24,204.00 2,240.00 26,444.00 Nixel, P. 6,894.00 2,253.00 9,147.00

Calculating Social Security and Medicare Taxes Assume a Social Security tax rate of 6.2% is applied to maximum earnings of $128,400 and a Medicare tax rate of 1.45% is applied to all earnings. What is the social security tax paid if jose 's gross income is $145,780.00 for the year.

Account

Reese works in Prince Edward Island and has 2022 payroll totals of regular earnings of $62,700.00, vacation pay of $2,680.00, overtime pay of $518.00, interest-free loan taxable benefit of $780.00, group term life insurance taxable benefit of $314.00, pension adjustment of $2,880.00 and employee contributions to a Registered Retirement Savings Plan of $1,890.00. Calculate the total to be recorded in Box 14 of Reese's T4 information slip. Your answer: 66992

Calculating Social Security and Medicare taxes assume a Social Security tax rate of 6.2% is applied to maximum earnings of $128,400 and a Medicare tax rate of 1.45% is applied to all earnings. What is the Medicare tax paid if Anthony's gross income is $114,550.00 for the year. *

​Tim's gross pay for this month is​ $8,850. His gross year−to−date ​pay, prior to this​ month, totaled​ $127,000. What is the amount of FICA tax withheld from​ Tim's pay for this​ month? (Assume an OASDI rate of​ 6.2%, applicable on the first​ $132,900 earnings, and a Medicare rate of​ 1.45%, applicable on all earnings. Do not round any intermediate​ calculations, and round your final answer to the nearest​ cent.)

Lawrence received a salary advance of $50 on September 1. He plans to repay this advance from his gross wages of 450 to be paid on September 15. What is his taxable income for the September 15 paycheck? a. 500 b. 400 c. 450 d. 350