can you help with C & D?thanks :) Amounts to Be Reported on Wage and Tax Statements (Form W-2).GrossFederal IncomeSocial SecurityMedicareEmployeeEarningsTax WithheldTax WithheldTax WithheldArnett248,250.00$1,416.0024495.00$4123.75Cruz57,600.009,996.003,456.00864.004,776.001,440.00360.0024,000.006,000.00EdwardsHarvin1,070.00360.0090.006,600.001,650.0025,850.0026,000.00Nicks110,000.006,960.001,740.00116,000.007,830.00$ 329,680.00Shiancoe1,314.00469.80117.45Ward$ 19,780.80$ 4,945.20Totals Employer Payroll Taxesa.Social security tax paid by employer$19,780.80b.Medicare tax paid by employer4,945.20C. and d.SUTA/FUTAEmployeeEarningsArnettCruzEdwardsHarvinNicksShiancoeState unemployment compensation taxWardTotalFederal unemployment compensation taxe.Total employer payroll taxes$ 28,450.80

The answer is stated below:The earnings subject to unemployment compensation tax as $10,000 for all employees except A ($8,250), H ($6,000) and W ($7,830) Total earnings to SUTA and FUTA = $10,000×4+$8,250 +$6,000+$7,830=$40,000 +$22,080=$62,080 c. Computing state unemployment compensation tax as: SUTA = $62,080 ×5.4%=$3,352.32 d. Computing federal unemployment compensation tax as: FUTA = $62,080 ×0.6%=$372.48

Business

Accounting

Medi Social Security Tax Withheld Gross Federal Income Employee Earnings Tax Withheld Tax W Arnett 24 8,250.00 $ 1,416.00 2$ 495.00 $4 Cruz 57,600.00 9,996.00 3,456.00 Edwards 24,000.00 4,776.00 1,440.00

Medi Social Security Tax Withheld Gross Federal Income Employee Earnings Tax Withheld Tax W Arnett 24 8,250.00 $ 1,416.00 2$ 495.00 $4 Cruz 57,600.00 9,996.00 3,456.00 Edwards 24,000.00 4,776.00 1,440.00

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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