Shiloh is an employee at Jankoski Cycles and earns an annual salary of $37,765, paid semimonthly. Shiloh contributes to the followingfringe benefits and other deductions:Medical insurance: $220 per pay periodDental insurance: $15 per pay period401(k): 6 percent of gross pay• Additional withholding: $125 per monthRequired:What is the total annual amount of Shiloh's fringe benefits and other deductions?Note: Round your answers to 2 decimal places.Fringe benefitsMedical insuranceDental insurance401(k)Additional withholdingTotal annual amount of Shiloh's fringe benefits and other deductionsAmount

Calculation of the total annual amount of Shiloh's fringe benefits and other deductionsHere The pay…

Answered: Shiloh is an employee at Jankoski…

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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Similar questions

Connor has an annual salary of $43,000, and his company pays him twice a month. How much is withheld for FICA on each paycheck that Connor receives?
Christine Boone is an employee at Americamp Vehicles. She earns a salary of $35,450 annually, paid biweekly. She contributes to the following fringes benefits and other deducations: Medical insurance: $108 per pay period Dental insurance: $29 per pay period 401(k): 5% of gross pay Union dues: $114 per month Additional withholding: $89 per month Required: What is the total annual amount of Christine's fringe benefits and other deductions? Round your answer to 2 decimal places. Medical insurance dental insurance 401(k) union dues additional withholding Total amount of Christine's fringe benefits and other deducations
lan McCarthy works for Willow Tree Homes. His rate of pay is $16.00 per hour and he is paid the regular rate for all hours worked for 40 hours per week. His Federal 11% of his salary . lan is single and claims 1 withholding allowances on his W-2 form. His weekly wages are subject to the following deductions.
Calculate net pay in the following example. Assume that FICA reate is 7.65%, FITW is 15% and the employee did not earn more than $50,000. Robert is paid $475 per week and makes a pretax contribution of $75 for medical insurance to his employer's flexible benefit plan. Do not include a dollar sign in your answer. Round to the nearest tenth.
Sammy's employer pays for 40% of her annual health insurance premium of $5,150.00. Sammy pays the remaining balance by having it deducted in equal amounts from her 26 paychecks throughout the calendar year. How much will Sammy have deducted from each paycheck?
Accounting Question
Anderson Brown worked 39 hours during the first week of the calendar year and earns regular wages of $15/hour. Assuming that she requests that 4% of her gross pay be contributed to a 401(k) plan and that she contributes $25 per week to a dependent-care flexible spending account, her Social Security tax for the week is $_____.
Anita pays 50% of the total cost for her benefits, her employer pays the other 50%. The total monthly premium for health is $167.50 and $75.50 for dental. She is paid weekly What is the total combined (health & dental) amount payable recorded for this pay period?
Jadeveon, a self-employed attorney, uses a defined contribution Keogh plan with a contribution rate of 12% of compensation. His earned income after the deduction of one-half of self-employment tax but before the Keogh contribution is $329,000. What is the maximum amount of Jadeveon's contribution? SA
Supermarket Caridad offers its employees vacation benefits and contributes a 2% contribution to a 401K. The employees had total wages of $ 125,000 and vacation benefits of $ 28,460. Calculate how much the employer contributes for the 401k.Make the wage entries related to vacation pay.Make the wage entries related to the 401K contribution.
Gabe contributes 12% of the total cost of his individual health care coverage. He pays $33.45 per week towards this contribution. What is the amount Gabe's employer contributes for health care coverage for the year ?
Park Mischner owns Old Times Buttons, which employs six people. Park wants to perform a benefits analysis report for one of the employees, Avery Bower, for the year. Avery's benefits package is as follows: Annual salary: $22,000 401(k) contribution: 6 percent of annual salary. The company match is 75 percent of employee contribution up to 4 percent. Medical insurance deduction: $230 per month Dental insurance: $15 per month Required: Complete the following Benefits Analysis Report for Avery Bower for the year. Do not include FUTA and SUTA taxes. Note: Round your answers to 2 decimal places. Enter all amounts as positive values. Yearly Benefit Costs Medical insurance Company Cost Avery's Cost $ 9,180.00 $ 2,760.00 Dental insurance $ 490.00 $ EA 180.00 Life insurance $ EA 170.00 $ 69 0.00 AD&D $ 43.00 69 $ 0.00 Short-term disability $ 430.00 $ 0.00 Long-term disability $ 215.00 $ 69 0.00 401(k) $ 880.00 $ 69 1,320.00 Social Security $ 69 1,364.00 $ 69 1,364.00 Medicare $ 69 319.00 $…

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