8 Trucking Company has employees who report to work at and are paid from thecompany's location in Newfoundland and Labrador. The employer also has employees who report to work at and are paid from their location in BritishColumbia. What remuneration is subject to the Health and Post-Secondary Education Tax?Select one:None of the remuneration is subject to the Health and Post-Secondary Education tax.Taxable remuneration for employees working in both Newfoundland and Labrador and British ColumbiaTaxable remuneration for employees working in British ColumbiaTaxable remuneration for employees working in Newfoundland and Labrador

Remuneration refers to the compensation or payment provided to employees in exchange for their work…

Answered: What remuneration is subject to the…

PAYROLL ACCT.,2019 ED.(LL)-TEXT

19th Edition

ISBN:9781337619783

Author:BIEG

Publisher:BIEG

Chapter4: Income Tax Withholding

Section: Chapter Questions

Problem 3QD

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An employer in The U.S. Virgin Islands employs two individuals, whose taxable earnings to date (prior to the current pay period) are $5,100 and $6,900. During the current pay period, these employees earn $1,650 and $2,800, respectively. The applicable SUTA tax rate is 1.5%, and the U.S. Virgin Islands SUTA threshold is $28,900.FUTA tax _____SUTA tax ______
1) Review the following situations and determine the employee's net pay by figuring out what earnings & benefits are subject to Income Tax, Canada/ Quebec Pension Plan, Quebec Parental Insurance Plan (if applicable) and Employment insurance. Make sure to reduce net and taxable income by any applicable voluntary/non statutory deductions as well. All rates should be based on 2022. a) Lawrence works in Alberta and is paid on a bi-weekly basis. He has a claim code of 1 on both his TD1 and TD1AB. He has the following type of earnings, benefits & deductions. He will not max out on CPP or El this pay and will have full deductions. 1) Regular $2,500 ii) Vacation Pay $500 iii) Group Life-Employer paid Taxable benefit $25 iv) RRSP contribution-Employee deduction $300 v) Coffee Fund $5
Issue: Under the Federal Insurance Contributions Act (FICA) every person is an employer if the person employs one or more individuals for the performance of services in the United States. The Internal Revenue Service (IRS) test for an employer/employee relationship is if a business tells, or has a right to tell a worker how, when, and where to work then the worker is an employee, and if they meet these tests, must withhold and pay FICA taxes on those employees’ wages. During your life, you may have noticed many employees performing work for a company without paying FICA taxes (i.e. being paid “under the table”). Questions to be Answered: 1) What are the concerns from a business perspective on this legally questionable practice? 2) What are the concerns from a social perspective on this legally questionable practice?
An employer in the U.S. Virgin Islands, employs two individuals, whose taxable earnings to date (prior to the current pay period) are $1,420 and $28,500. During the current pay period, these employees earn $3,350 and $1,700, respectively. The applicable SUTA tax rate is 3%, and the U.S. Virgin Islands SUTA threshold is $28,900. FUTA tax = $ SUTA tax =
Which of the following is entitled to claim NOLCO? An employee with respect to his compensation income. Foreign international carriers Entities registered with the Philippine Economic Zone Authority (PEZA). Self-employed individuals
1. What loan from the federal government given to individual states is used to provide unemployment benefits to state residents? Answer: A. SUTA Advances B. FUTA Advances C. Title XII Advances D. Title 15 Advances 2. The SUTA tax rate is determined by an employer’s _____. Answer: A. credit reduction B. FUTA tax rate C. experience rating D. Medicare tax rate 3. Identify each item as associated with Form 1099-NEC, Form 1096, or both. A. Displays earnings for one individual Form 1099-NEC Form 1096 Both B. Displays earnings for multiple individuals Form 1099-NEC Form 1096 Both C. Requires a signature Form 1099-NEC Form 1096…
Employers that want to use a per diem rate to reimburse employees' lodging, meals, and incidental expenses on business trips within the continental U.S. (CONUS) can use either the IRS's high-low method or a reimbursement rate provided by the General Services Administration used by the federal government to reimburse federal employees True False
For each of the following independent circumstances calculate both the FUTA and SUTA tax owed by the employer:NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation. An employer in The U.S. Virgin Islands employs two individuals, whose taxable earnings to date (prior to the current pay period) are $5,100 and $6,900. During the current pay period, these employees earn $1,700 and $2,650, respectively. The applicable SUTA tax rate is 1.5%, and the U.S. Virgin Islands SUTA threshold is $28,900.FUTA tax = $ SUTA tax = $ An employer in Newark, New Jersey employs three individuals, whose taxable earnings to date (prior to the current pay period) are $27,800, $33,200, and $6,850. During the current pay period, these employees earn $3,200, $2,950, and $1,620, respectively. The applicable SUTA tax rate is 3.4%, and the New Jersey SUTA threshold is $35,300.FUTA tax = $SUTA tax = $ An employer…
1:An employer in The U.S. Virgin Islands employs two individuals, whose taxable earnings to date (prior to the current pay period) are $5,100 and $6,900. During the current pay period, these employees earn $1,800 and $2,850, respectively. The applicable SUTA tax rate is 4%, and the U.S. Virgin Islands SUTA threshold is $28,900. FUTA tax = $ SUTA tax = $ 2:An employer in Newark, New Jersey employs three individuals, whose taxable earnings to date (prior to the current pay period) are $28,700, $34,100, and $6,850. During the current pay period, these employees earn $3,800, $2,350, and $1,580, respectively. The applicable SUTA tax rate is 3.4%, and the New Jersey SUTA threshold is $36,200. FUTA tax = $ SUTA tax = $ 3:An employer in Cincinnatti, Ohio employs two individuals, whose taxable earnings to date (prior to the current pay period) are $4,900 and $7,700. During the current pay period, these employees earn $2,800 and $1,900, respectively. The applicable SUTA tax rate is 2.5%, and the…
What are the non-mandarory benefits of employees in the philippines ? and decribe each.
The following employees of CIBA Ironworks in Bristol, Illinois, are paid in different frequencies. Some employees have union dues or garnishments deducted from their pay. Required: Calculate their net pay using the percentage method in ARpendix C (or the IRS federal income tax assistant or IRS Publication 15-T). Include Illinols income tax of 4.95 percent of taxable pay. No employee has exceeded the maximum FICA limits. You do not need to complete the number of hours. There is no information for Step 4 and all W-4s were received in 2020. No box was checked in Step 2. (Round your Intermediate calculations and final answers to 2 decimal places.) Union Dues Garnishment Filing Status, Dependents Pay per Period per Period Net Pay Employee Frequency 780 2$ 50 MJ-0 C. Whaley F. Paguaga K. Harvey Weekly 2,940 $ 120 Semi-monthly Monthly Biweekly MJ-2 (<17) S-1 (Other) 7,450 $ 240 $ 75 100 MJ-0 2,640 L. Bolling

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