R.D. Kagen employs Audrey Lopez at a salary of $32,900 a year. Kagen is subject to employer Social Security taxes at a rate of 6.2% and Medicare taxes at a rate of 1.45% on Lopez's salary. In addition, Kagen must pay SUTA tax at a rate of 5.4% and FUTA tax at a rate of 0.6% on the first $7,000 of Lopez's salary. Compute the total cost to Kagen of employing Lopez for the year.

Q: Donald Chin works for Northwest Supplies. His rate of pay is $12.00 per hour, and he is paid 1½…

A: Regular pay refers to the base salary or hourly wage that an employee earns for working their…

Q: J. B. Kenton employs Sharla Knox at a salary of $33,700 a year. Kenton is subject to employer Social…

A: Salary: Salary means Employer gives payment to employees for the work contribution. Total cost…

Q: Organic Farmers Cooperative has three employees and pays them weekly. Using the withholding bracket…

A: 1. Maria:Weekly income: $705Withholding allowances claimed: 3Maria's income falls between $700 and…

Q: John Doe is married and claims 3 withholding allowances. He collects overtime pay when he works over…

A: Weekly net earnings are calculated by deducting all the taxes including FWT, FICA, Medicare, SI,…

Q: Sheffield Corbin's regular hourly wage rate is $16, and she receives an hourly rate of $24 for work…

A: FICA tax = Gross pay  x FICA tax  rate = 760*7.65% = $58.14

Q: Donna Strand's regular hourly wage rate is $19, and she receives an hourly rate of $20 for work in…

A: FICA (Federal Insurance Contributions Act) taxes are payroll taxes that fund two major social…

Q: An employer in Cary, NC, employs three individuals, whose taxable earnings to date (prior to the…

A: FUTA Tax Calculation:The Federal Unemployment Tax Act (FUTA) tax is a payroll tax that helps fund…

Q: Peter Greeda's regular hourly wage rate is $13, and he receives 1.5 times his normal rate for hours…

A: Gross earnings = (40 hours x Wages rate per hour) + (Hours in excess of 40 hours x Wages rate per…

Q: Lenny Florita, an unmarried employee, works 44 hours in the week ended January 12. His pay rate is…

A: The FICA taxes refer to the federal insurance contribution act. These are established for the…

Q: If Emily earns wages of $26,000 for 2020, calculate the total amount of the FICA tax that must be…

A: Payroll taxes The employer is required to pay a certain percentage to the government on the behalf…

Q: Ian McCarthy works for Willow Tree Homes. His rate of pay is $16.00 per hour and he is paid one and…

A: Payroll: It implies to a list of all the employees or a summary that is prepared by the business…

Q: What is the amount of federal income tax withheld from Morgan's

A: The amount of federal income tax withheld from an employee's paycheck is referred to as withholding.…

Q: The total employees Social Security tax was $ John Waits owns a small shop with three employees. For…

A: Total withholding tax for all employees = $1,710Total employees′ Social Security tax = $171Total…

Q: R. L. Ybarra employs John Ince at a salary of $53,000 a year. Ybarra is subject to employer Social…

A: Cost of employment includes all expenses paid by employer. Payroll taxes also part of employment…

Q: Hobby Hut has three employees.  Find the amount subject FUTA and the amount of the FUTA for this pay…

A: >FUTA stands for Federal Unemployment Tax Act. It is an act that imposes a payroll tax on…

Q: Martin Jackson receives an hourly wage rate of $18, with time and a half for all hours worked in…

A: Payroll: Payroll refers to the total amount that is required to be paid by the company to its…

Q: Use the appropriate table to determine the amount to withhold for federal income tax from each of…

A: Formulas for calculating federal tax as follows: Note: 36.7 is given in the tax table. That is…

Q: Helen Strand's regular hourly wage rate is $14, and she receives an hourly rate of $21 for work in…

A: Gross pay is employees' earnings before making any deductions like taxes, benefits and other payroll…

Q: Ken's earnings for the pay period are $5,200. Prior to this, he has earned a total of $3,000. If the…

A: Employers are generally liable to the Federal Unemployment Tax Act (FUTA) tax, which funds…

Q: Old Town Entertainment has two employees in Year 1. Clay earns $3,600 per month, and Philip, the…

A: It is the amount of gross earnings of an employee reduced by the income tax to be withheld on the…

Q: Laura Corbin's regular hourly wage rate is $14, and she receives an hourly rate of $21 for work in…

A: Here in this question, we are required to calculate gross earning and net pay for the period.When…

Q: Abigail Trenkamp owns and operates the Trenkamp Collection Agency. Listed below are the name, number…

A: Given: Trenkamp uses a weekly federal income tax withholding table. Social Security tax is withheld…

Q: Portia Grant is an employee who is paid monthly. For the month of January of the current year, she…

A: Net pay = January Earnings - Federal Income tax withholdings - Social security tax - Medicare tax…

Q: Dirk Gently’s regular hourly wage rate is $16, and he receives an hourly rate of $24 for work in…

A: Introduction: Journal: Recording of a business transactions in a chronological order. First step in…

Q: Peter works for Company G and gets paid monthly. He made $8,500 throughout the month of January.…

A: Compensation is a monetary or non-monetary payment paid in exchange for services provided. Base…

Q: Mary started a new job and wants to verify her net pay has been computed correctly. Her gross pay…

A: Net pay represents a person's gross income minus various deductions. Gross income is the total…

Q: cial security is 6.2% of the first $128,400 of employee earnings each calendar year and the FICA tax…

A: Higher income earners are taxed at a higher rate under the federal income tax, which is based on a…

Q: Sienna Watson works for MRK all year and earns a monthly salary of $12,200. There is no overtime…

A: Net pay is generally defined as the sum of funds that an employee within an organization receives…

Q: Excelsior, Inc. has one employee who has worked January - October of the current year. The employee…

A: According to the question given, we need to compute the payroll taxes and prepare the payroll…

Q: Coronado Corbin's regular hourly wage rate is $16, and she receives an hourly rate of $24 for work…

A: Here in this question, we are required to calculate gross earning and net pay for the period. When…

Q: Martin Jackson receives an hourly wage rate of $17, with time and a half for all hours worked in…

A: Compute gross pay of Martin Jackson as shown below:

Q: ennifer Ross, an employee of Hampton Company, worked 44 hours during the week of February 9 through…

A: Disclaimer: “Since you have posted a question with multiple sub-parts, we will solve the first three…

Q: Required: a. Morgan is single and no dependents. b. Morgan is married (spouse does not work) and…

A: The amount of federal income tax withheld from an employee's paycheck is referred to as withholding.…

Q: Hank earns $21.00 per hour with time-and-a-half for hours in excess of 40 per week. He worked 50…

A: When all deductions have indeed been done, the employee's net pay is the amount that is still due…

Q: Employee DD earned $43,300 working for an employer in the current year. The current rate for Social…

A: Please see the next step for the solution