What is the taxable 13th month pay and other benefit

Q: What payroll taxes is the employer responsible for paying?

A: Employer payroll taxes: The taxes which the employer must pay to the employees with their salaries…

Q: An employer's payroll tax expense would include:

A: The correct answer is: (C) FUTA, SUTA, Social Security and Medicare taxes FUTA (Federal Unemployment…

Q: What percentage of medical insurance payments can self-employed taxpayers deduct for adjusted gross…

A: Self employed individuals are those individuals stated through IRS as the people who offer services…

Q: The wage base for unemployment compensation taxes are: a.  all wages paid but not including those…

A: The correct answer is Option (a).

Q: How to calculate total taxable pay?

A: Introduction: The income of an individual or entity, less any legal tax deductions, is their taxable…

Q: When accounting for pension costs, how should the payment into the pension fund be recorded? How…

A: Pension expense: Pension expense is an expense to the employer paid as compensation after the…

Q: Bonita Industries has equivalent units of 8600 for materials and for conversion costs. Total…

A: Conversion cost per unit is calculated by dividing the total conversion cost by total number of…

Q: How do I calculate the taxable income?

A: The IRS allows businesses to carry forward their net operating losses for a time period of 20 years…

Q: es a SIMPLE IRA have a matching contribution from the employer to the employee?  Yes or No.

A: Simple IRA refers to the savings incentive match plan for the employees of the company which is a…

Q: can you help me how to Explain how an employer can receive a credit against the FUTA tax due.

A: FUTA stands for Federal Unemployment Tax Act under federal law of US. FUTA tax is paid by the…

Q: Contributions of the employer for the benefit for the benefit of the employee to retirement,…

A: Income tax:    It is the amount a person is liable to pay on the earned amount in an accounting…

Q: Give five differences between social security and Medicare Payroll taxes?

A: Difference between social security payroll tax and Medicare payroll tax:The security payroll tax is…

Q: How do I start a payroll tax 1040?

A: Payroll tax is the amount deducted by the employer from the employee's payment and remit it to the…

Q: tax applicable to Life Insurance Premiums.

A: Life Insurance Premium: Life insurance premiums are amount we have to pay for availing the life…

Q: who are benefits or do not benefit from payroll tax deferral?

A:

Q: Differentiate between a defined contribution pensionplan and a defined benefit pension plan. Explain…

A: Pension plan: Pension plan is the plan devised by corporations to pay the employees an income after…

Q: Identify generally what is defined as taxable wages by the Federal Unemployment Tax Act.

A: FUTA is the federal unemployment tax. These are the payroll taxes that help to fund the unemployment…

Q: Which are the components that are included in the pension expense?

A: Pension plan: Pension plan is an agreement between the employer and employee. After the retirement…

Q: Medical Insurance, a pre-tax deduction? Thank you,

A: Payroll deductions are wages withheld from an employee’s total earnings for the purpose of paying…

Q: 22 What must an employer disclose in a defined contribution plan? The amount to be paid by the…

A: A Defined Contribution Plan is a retirement savings arrangement where employers and employees…

Q: Give the formula to determine taxable wages

A: Any money earned by an individual is subject to government taxation. Hourly pay, overtime pay, a…

Q: ification fo

A: Employees working with an entity for a specific number of years are eligible for retirement…

Q: Which of the following taxes has a ceiling and is only paid by the employer? Group of answer choices…

A: Income taxes is the amount that is charged by the government on the income earned by an individual…

Q: Which type of pension plan would you prefer to be covered under (i.e., defined benefit, defined…

A: In this there are many types of pension plans available and each have own characteristics.

Q: Give one example of any retirement plans that individual taxpayers can contribute to towards their…

A: Taxation refers to the imposition of compulsory financial obligations by the government on…

Q: calculate samsam salary after deductions

A: Salary after deduction can be calculated by subtracting the total deductions claimed during the…

Q: Which of the following taxes would be deducted in determining an employee’s net pay? a. FUTA taxes…

A: Net pay: It can be defined as the amount that is taken by an employee to its home in the form of…

Q: The deposit made by an employer for federal payroll taxes includes         FICA…

A: The question is asking about the components of the federal payroll taxes that an employer is…

Q: current taxable wage limit but not sure what to mulitply semi mothly numbers by

A: OASDI (Social Security) and Medicare Taxes Wages for OASDI (Social Security) and Medicare are…

Q: In general, how can an employer choose an appropriate discount rate for its pension plan? What…

A: Step 1: The Discount rate to be selected must be in consideration with the ability of the company to…

Q: When do business entities pay PTF payment to receiv

A: Business entities have to pay the PTE (Pass-Through Entity) payment, also known as the estimated tax…

Q: How should gains or losses related to pension plan assets be recognized? How does this treatment…

A:

Q: Do post-retirement benefits have a comparable accounting process to pension benefits?

A: The answer:…

Q: Define Employee Retirement Income Security Act (ERISA)

A: The 1974 Employee Retirement Income Security Act secures American pension resources by enforcing…