Question 18: Match each FUTA tax payment to its due date.1st Quarter (Jan-Mar)October 31DROP HERE2nd Quarter (Apr-Jun)April 30DROP HERE3rd Quarter (Jul-Sept)January 31DROP HERE4th Quarter (Oct-Dec)July 31DROP HEREQuestion 21: Which state does NOT require employers to carry disability insurance for their employees?Answer:A.O New YorkВ.O CaliforniaC.O MississippiD.O HawaiiQuestion 22: Match each form's number to its name.Form W-2Employer's Quarterly Federal Tax ReturnDROP HEREForm W-3Wage and Tax StatementDROP HEREForm 940Transmittal of Wage and Tax StatementsDROP HEREForm 941Employer's Annual Federal Unemployment Tax ReturnDROP HEREQuestion 25: Which statement regarding Form W-2 is accurate?Answer:A.O Form W-2 contains earnings information for multiple employees.В.O Form W-2 must be signed by the employer to be valid.C.O Form W-2 is submitted to the Social Security Administration and provided to each employee.D.O Form W-2 includes federal tax information and excludes state tax information.Question 29: Anna is a newly hired employee of Cowboy Inc. Which statement regarding her employment is accurate?Answer:A.O Anna can complete either version of Form W-4, and her employer must use the percentage method to calculate her federal withholding tax.O Anna must complete the current Form W-4, and her employer will use either the percentage or the wage-bracket method to calculate her federalwithholding tax.В.C.O Anna can complete either version of Form W-4, and her employer must use the wage-bracket method to calculate her federal withholding tax.D.O Anna must complete a pre-2020 Form W-4, and her employer will use either the percentage or the wage-bracket method to calculate her federalwithholding tax.Question 30: Match each form to its purpose.SS-4Used to obtain a Social Security numberDROP HEREW-4Provides information to calculate income tax withholdingDROP HERESS-5Used to obtain an Employer Identification NumberDROP HERE1-9Verifies employment eligibilityDROP HERE

Since you have posted multiple questions, as per answering guidelines we shall be solving first…

Question 18: Match each FUTA tax payment to its due date. 1st Quarter (Jan-Mar) October 31 DROP HERE 2nd Quarter (Apr-Jun) April 30 DROP HERE 3rd Quarter (Jul-Sept) January 31 DROP HERE 4th Quarter (Oct-Dec) July 31 DROP HERE

Question 18: Match each FUTA tax payment to its due date. 1st Quarter (Jan-Mar) October 31 DROP HERE 2nd Quarter (Apr-Jun) April 30 DROP HERE 3rd Quarter (Jul-Sept) January 31 DROP HERE 4th Quarter (Oct-Dec) July 31 DROP HERE

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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PSb 5-4 Calculate SUTA Tax For each of the following independent circumstances calculate the SUTA tax owed by the employer. Assume a SUTA tax rate of 3.4% and a taxable earnings threshold of $8,500. NO TE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.
which one would it be and why?
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The following information about the payroll for the week ended December 30 was obtained from the records of Boltz Co.: Salaries: Deductions: Sales salaries $350,000 Income tax withheld $117,000 Warehouse salaries 182,000 U.S. savings bonds 14,696 Office salaries 136,000 Group insurance 12,024 $668,000 Tax rates assumed: Social security 6% State unemployment (employer only) 5.4% Medicare 1.5% Federal unemployment (employer only) 0.8% Required:
eBook Question Content Area Highridge Homes has the following payroll information for the week ended February 21: Name Earnings at End of Previous Week Daily Time Pay Rate Federal Income Tax S M T W T F S Arthur, P. 7,800.00 8 8 8 8 8 45.00 226.78 Bills, D. 2,060.00 8 8 8 8 8 12.50 26.00 Carney, W. 2,085.00 8 8 8 8 8 12.95 27.00 Dorn, J. 748.00 8 8 22.00 11.00 Edgar, L. 2,687.00 8 8 8 8 8 15.00 37.00 Fitzwilson, G. 4,150.00 8 8 8 8 8 8 23.00 125.00 Taxable earnings for Social Security are based on the first $118,500. Taxable earnings for Medicare are based on all earnings. Taxable earnings for federal and state unemployment are based on the first $7,000. Employees are paid time-and-a-half for work in excess of 40 hours per week. Prepare a general journal entry to record the payroll. The firm's general ledger contains a Wages Expense account and a Wages Payable account. Then assuming that the firm has…
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