During 20--, Rachael Lopez, president of Mathieson Company, was paid a semimonthly salary of $7,800. Compute the amount of FICA taxes that should be withheld from her. If an amount is zero, enter "0". OASDI HI a. 9th paycheck $ $ b. 19th paycheck $ $ c. 23th paycheck $fill in the blank 5 $ d. If Lopez's year-to-date earnings as of her 24th paycheck are $187,200, and her year-end bonus is $100,000, how much is the additional 0.9% HI tax on all total earnings?

During 20--, Rachael Lopez, president of Mathieson Company, was paid a semimonthly salary of $7,800. Compute the amount of FICA taxes that should be withheld from her. If an amount is zero, enter "0". OASDI HI a. 9th paycheck $ $ b. 19th paycheck $ $ c. 23th paycheck $fill in the blank 5 $ d. If Lopez's year-to-date earnings as of her 24th paycheck are $187,200, and her year-end bonus is $100,000, how much is the additional 0.9% HI tax on all total earnings?

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter7: Employee Earnings And Deductions

Section: Chapter Questions

Problem 7E

See similar textbooks

Similar questions

During 20--, Amanda Hines, president of Dunne Company, was paid a semimonthly salary of $7,100. Compute the amount of FICA taxes that should be withheld from her. OASDI HI a. 9th paycheck b. 19th paycheck
During 20--, Rachael Parkins, president of Mathieson Company, was paid a semimonthly salary of $7,700. Compute the amount of FICA taxes that should be withheld from her. a. 9th paycheck b. 18th paycheck c. 24th paycheck d. If Rachael Parkin's year-to-date earnings as of her 24th paycheck are $184,800, and her year-end bonus is $100,000, how much is the additional 0.9% HI tax on all total earnings
Sh26
a1
In 20--, the annual salaries paid each of the officers of Abrew, Inc., follow. The officers are paid semimonthly on the 15th and the last day of the month. Compute the FICA taxes to be withheld from each officer's pay on (a) November 15 and (b) December 31. Hanks, Timothy, President $168,000 $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 $fill in the blank 4 Grath, John, VP Finance 144,000 fill in the blank 5 fill in the blank 6 fill in the blank 7 fill in the blank 8 James, Sally, VP Sales 69,600 fill in the blank 9 fill in the blank 10 fill in the blank 11 fill in the blank 12 Kimmel, Joan, VP Mfg. 54,000 fill in the blank 13 fill in the blank 14 fill in the blank 15 fill in the blank 16 Wie, Pam, VP Personnel 51,600 fill in the blank 17 fill in the blank 18 fill in the blank 19 fill in the blank 20 Grant, Mary, VP Secretary 49,200 fill in the blank 21 fill in the blank 22 fill in the blank 23 fill in the blank 24 Banks, Timothy, President…
Example 3-1 During 20--, Rachael Lopez, president of Mathieson Company, was paid a semimonthly salary of $9,825. Compute the amount of FICA taxes t Note: Rachael's tax return status is single. If an amount is zero, enter "0". a. 9th paycheck b. 17th paycheck c. 20th paycheck d. If Lopez's year-to-date earnings as of her 24th paycheck are $235,800, and her year-end bonus is $100,000, how much additional 0.9% HI tax would be withheld for the year? Feedback OASDI HI 609.15 142.46 609.15 X 0
In 20-- the annual salaries paid each of the officers of Abrew, Inc., follow. The officers are paid semimonthly on the 15th and the last day of the month. Compute the FICA taxes to be withheld from each officer’s pay on (a) November 15 and (b) December 31.
am. 120.
Example 3-1 During 20--, Rachael Lopez, president of Mathieson Company, was paid a semimonthly salary of $7,500. Compute the amount of FICA taxes that should be withheld from her. If an amount is zero, enter "0". a. 9th paycheck b. 20th paycheck c. 23th paycheck d. If Lopez's year-to-date earnings as of her 24th paycheck are $180,000, and her year-end bonus is $100,000, how much is the additional 0.9% HI tax on all total earnings? OASDI 000 465 HI 300 0 108.75
In 20-- the annual salaries paid each of the officers of Perez, Inc., follow. The officers are paid semimonthly on the 15th and the last day of the month. Compute the FICA taxes to be withheld from each officer's pay on (a) November 15 and (b) December 31. If an amount is zero, enter "0". Enter all earnings and taxes to two decimal places. a. November 15 OASDI Taxable HI Taxable Name and Title Annual Salary OASDI Tax HI Тах Earnings Earnings Perez, Paul, President $153,600 $ %24 Donald, Donna, VP Finance 134,400 Funke, Jack, VP Sales 76,800 Weis, Al, VP Mfg. 92,400 Lang, Hope, VP Personnel 78,000 Lee, Amy, VP Secretary 52,800 b. December 31 OASDI Taxable HI Таxable Name and Title Annual Salary OASDI Tax HI Tax Earnings Earnings Perez, Paul, President $153,600 Donald, Donna, VP Finance 134,400 Funke, Jack, VP Sales 76,800 Weis, Al, VP Mfg. 92,400 Lang, Hope, VP Personnel 78,000 Lee, Amy, VP Secretary 52,800
In 20-- the annual salaries paid each of the officers of Perez, Inc., follow. The officers are paid semimonthly on the 15th and the last day of the month. Compute the FICA taxes to be withheld from each officer's pay on (a) November 15 and (b) December 31. If an amount is zero, enter "0". Enter all earnings and taxes to two decimal places. a. November 15 OASDI Taxable HI Taxable Name and Title Annual Salary OASDI Tax HI Tax Earnings Earnings Perez, Paul, President $153,600 6,250 x $ 387.50 X $ 6,250| х $ 90.63 X Donald, Donna, VP Finance 134,400 5,375 x 333.25 Х 5,375 x 77.94 X Funke, Jack, VP Sales 76,800 3,200 v 198.40 V 3,200 v 46.40 V Weis, Al, VP Mfg. 92,400 3,850 V 238.70 V 3,850 V 55.83 V Lang, Hope, VP Personnel 78,000 3,250 V 201.50 V 3,250 V 47.13 v 2,200 v 136.40 V 2,200 V Lee, Amy, VP Secretary 52,800 31.90 b. December 31 OASDI Taxable HI Taxable Name and Title Annual Salary OASDI Tax HI Таx Earnings Earnings Perez, Paul, President $153,600 o v $ 6,250 x $ 90.63 X Donald,…
On March 31 AAA Company paid cash to Amal Green at a rate of $140 per day for eight days' work. Amal is not married. Her wages are deducted for FICA Social Security taxes, FICA Medicare taxes, and federal income taxes. Her federal income taxes for this pay period total $112. FICA Social Security taxes are 6.2% of the first $128,400 paid to each employee and FICA Medicare taxes are 1.45% of gross pay. Required:1. Calculate her net pay for the eight days' work paid on March 31. (Round your answer to 2 decimal places. Do not round intermediate calculations.) 2. Record the journal entry for March 31 to reflect the payroll payment to Amal. (Round your answers to 2 decimal places. Do not round intermediate calculations.)3. Record the journal entry to reflect the (employer) payroll tax expenses for the March 31 payroll payment. Assume Amal has not met earnings limits for FUTA and SUTA (the FUTA rate is 0.6% and the SUTA rate is 5.4% for the company. (Round your answers to 2 decimal places.…

SEE MORE QUESTIONS

Recommended textbooks for you

College Accounting (Book Only): A Career Approach

Accounting

ISBN:

9781337280570

Author:

Scott, Cathy J.

Publisher:

South-Western College Pub

College Accounting (Book Only): A Career Approach

Accounting

ISBN:

9781305084087

Author:

Cathy J. Scott

Publisher:

Cengage Learning

Individual Income Taxes

Accounting

ISBN:

9780357109731

Author:

Hoffman

Publisher:

CENGAGE LEARNING - CONSIGNMENT

College Accounting (Book Only): A Career Approach

Accounting

ISBN:

9781337280570

Author:

Scott, Cathy J.

Publisher:

South-Western College Pub

College Accounting (Book Only): A Career Approach

Accounting

ISBN:

9781305084087

Author:

Cathy J. Scott

Publisher:

Cengage Learning

Individual Income Taxes

Accounting

ISBN:

9780357109731

Author:

Hoffman

Publisher:

CENGAGE LEARNING - CONSIGNMENT

SEE MORE TEXTBOOKS

GET THE APP

About FAQ Academic Integrity Sitemap Document Sitemap

Contact Bartleby Contact Research (Essays)High School Textbooks Literature Guides Concept Explainers by Subject Essay Help Mobile App

GET THE APP

Privacy

Your CA Privacy Rights

Your NV Privacy Rights

Cookie Policy

About Ads

Manage My Data

bartleby, a Learneo, Inc. business

	OASDI	HI
a. 9th paycheck	$	$
b. 19th paycheck	$	$
c. 23th paycheck	$fill in the blank 5	$
d. If Lopez's year-to-date earnings as of her 24th paycheck are $187,200, and her year-end bonus is $100,000, how much is the additional 0.9% HI tax on all total earnings?