Mary Givens and Peggy Moser are partners engaged in operating The G&M Doll Shop, which has employed thefollowing persons since the beginning of the year:T. Binn (general office worker)................................................ $3,100 per monthW. Ashworth (saleswoman)..................................................... $30,000 per yearK. Bitner (stock clerk) ............................................................. $280 per weekJ. Vern (deliveryman)............................................................... $350 per weekA. Axel (cleaning and maintenance, part-time) ........................ $240 per weekGivens and Moser are each paid a weekly salary allowance of $1,000.The doll shop is located in a state that requires unemployment compensation contributions of employers of one ormore individuals. The company is subject to state contributions at a rate of 3.25% for wages not in excess of $10,000.Compute each of the following amounts based upon the 41st weekly payroll period ending October 11, 2019:a. Amount of FICA taxes (OASDI and HI) to be withheld from the earnings of each person. (Refer to Chapter 3.) OASDI HIM. Givens ............................................................ $ $P. Moser...............................................................T. Binn .................................................................W. Ashworth ........................................................K. Bitner...............................................................J. Vern ..................................................................A. Axel.................................................................b. Amount of the employer’s FICA taxes for the weekly payroll .........c. Amount of state unemployment contributions for the weekly payroll ........................... $___________________d. Amount of the net FUTA tax on the payroll .................................................................. $________________e. Total amount of the employer’s payroll taxes for the weekly payroll .............................$ _________
Mary Givens and Peggy Moser are partners engaged in operating The G&M Doll Shop, which has employed the
following persons since the beginning of the year:
T. Binn (general office worker)................................................ $3,100 per month
W. Ashworth (saleswoman)..................................................... $30,000 per year
K. Bitner (stock clerk) ............................................................. $280 per week
J. Vern (deliveryman)............................................................... $350 per week
A. Axel (cleaning and maintenance, part-time) ........................ $240 per week
Givens and Moser are each paid a weekly salary allowance of $1,000.
The doll shop is located in a state that requires
more individuals. The company is subject to state contributions at a rate of 3.25% for wages not in excess of $10,000.
Compute each of the following amounts based upon the 41st weekly payroll period ending October 11, 2019:
a. Amount of FICA taxes (OASDI and HI) to be withheld from the earnings of each person. (Refer to Chapter 3.)
OASDI HI
M. Givens ............................................................ $ $
P. Moser...............................................................
T. Binn .................................................................
W. Ashworth ........................................................
K. Bitner...............................................................
J. Vern ..................................................................
A. Axel.................................................................
b. Amount of the employer’s FICA taxes for the weekly payroll .........
c. Amount of state unemployment contributions for the weekly payroll ........................... $___________________
d. Amount of the net FUTA tax on the payroll .................................................................. $________________
e. Total amount of the employer’s payroll taxes for the weekly payroll .............................$ _________
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