Payday Gross earnings 1/1/2022 1/4/2022 $ 20,564 S 1/11/2022 $ 20,564 S 1/18/2022 $ 200,564 1/25/2022 $ 12,564 S 2/1/2022 $ 12,564 $ 2/8/2022 $ 12,564 $ Sum ************ elp with FICA earnings YTD 401(k) Payable.. Vanguard S Health Plan Payable-- Anthem (before tax $) 500 $ 500 $ 500 $ 500 $ 500 $ 500 $ 300 $ 300 S 300 $ 300 $ 300 $ 300 $ FSA Taxable income FICA earnings 20,064.00 20,064.00 200,064.00 12,064.00 12,064.00 12,064.00 276,384.00 200 $ 19,564.00 $ 200 $ 19,564.00 $ 200 $ 199,564.00 $ 200 $ 11,564.00 $ 200 $ 11,564.00 $ 200 $ 11,564.00 $ $ $ $ $ FICA earnings YTD 0

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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100%
Payday Gross earnings 401(k)
Payable--
Vanguard
1/1/2022
1/4/2022 $ 20,564
1/11/2022
$ 20,564
1/18/2022 $ 200,564
1/25/2022 $ 12,564
2/1/2022 $ 12,564
2/8/2022 $ 12,564
Sum ######
Help with FICA earnings YTD
S
S
s
S
S
So
Health Plan
Payable--
Anthem
(before tax $)
500 $
500 $
500 $
500 $
500 $
500 $
300 $
300 $
300 $
300
$
300
$
300 $
FSA
Taxable income
200 $
200 $
200 $
200 $
200 $
200 $
S
FICA earnings
19,564.00 $
20,064.00
19,564.00 $
20,064.00
199,564.00 $ 200,064.00
11,564.00 $
12,064.00
11,564.00 $
12,064.00
11,564.00 $
12,064.00
$
$ 276,384.00
$
FICA earnings
YTD
0
Transcribed Image Text:Payday Gross earnings 401(k) Payable-- Vanguard 1/1/2022 1/4/2022 $ 20,564 1/11/2022 $ 20,564 1/18/2022 $ 200,564 1/25/2022 $ 12,564 2/1/2022 $ 12,564 2/8/2022 $ 12,564 Sum ###### Help with FICA earnings YTD S S s S S So Health Plan Payable-- Anthem (before tax $) 500 $ 500 $ 500 $ 500 $ 500 $ 500 $ 300 $ 300 $ 300 $ 300 $ 300 $ 300 $ FSA Taxable income 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ S FICA earnings 19,564.00 $ 20,064.00 19,564.00 $ 20,064.00 199,564.00 $ 200,064.00 11,564.00 $ 12,064.00 11,564.00 $ 12,064.00 11,564.00 $ 12,064.00 $ $ 276,384.00 $ FICA earnings YTD 0
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