Payroll Taxes: The taxes liable on wages earned by employees during specified period of time are payroll taxes. To determine : 1. Prepare a table to compute the amounts of payroll taxes of each employee. 2. Compute the total for FICA Social Security taxes, FICA Medicare taxes, FUTA taxes, and SUTA taxes.

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Answer 1

Question

Chapter 11, Problem 9E

To determine

Payroll Taxes:

The taxes liable on wages earned by employees during specified period of time are payroll taxes.

To determine:

1. Prepare a table to compute the amounts of payroll taxes of each employee.

2. Compute the total for FICA Social Security taxes, FICA Medicare taxes, FUTA taxes, and SUTA taxes.

Expert Solution & Answer

Answer to Problem 9E

Solution:

1.

Employee	Cumulative Pay	FICA Social Security	FICA Medicare	FUTA	SUTA
Ken S.	$6,000	$372	$87	$36	$324
Tim. V	$60,200	$3732.40	$872.90	$361.20	$378
Steve S.	$87,000	$5,394	$1,261.50	$522	$378
Ann T.	$146,500	$7,254	$1,696.50	$879	$378
Kathleen K.	$106,900	$6,627.80	$1,550.05	$641.40	$378
Michelle H.	$117,000	$7,254	$1,696.50	$702	$378
Lori K.	$119,500	$7,254	$1,696.50	$717	$378
Kitty O.	$36,900	$2,287.80	$535.05	$221.40	$378
John W.	$4,000	$248	$58	$24	$216
	$684,000	$40,424	$9,454	$4,104	$3,186

2.

Payroll Taxes	Employee	Employer	Total Tax
FICA Social Security	$40,424		71%
FICA Medicare	$9,454		16.5%
FUTA		$4,104	7%
SUTA		$3,186	5.5%

Explanation of Solution

Explanation:

1. FICA Social Security

Employee	Subject to Tax	Tax Rate	Amount
Ken S.	$6,000	6.2%	$372
Tim. V	$60,200	6.2%	$3732.40
Steve S.	$87,000	6.2%	$5,394
Ann T.	$117,000	6.2%	$7,254
Kathleen K.	$106,900	6.2%	$6,627.80
Michelle H.	$117,000	6.2%	$7,254
Lori K.	$117,000	6.2%	$7,254
Kitty O.	$36,900	6.2%	$2,287.80
John W.	$4,000	6.2%	$248
			$40,424

FICA Medicare

Employee	Subject to Tax	Tax Rate	Amount
Ken S.	$6,000	1.45%	$87
Tim. V	$60,200	1.45%	$872.90
Steve S.	$87,000	1.45%	$1,261.50
Ann T.	$117,000	1.45%	$1,696.50
Kathleen K.	$106,900	1.45%	$1,550.05
Michelle H.	$117,000	1.45%	$1,696.50
Lori K.	$117,000	1.45%	$1,696.50
Kitty O.	$36,900	1.45%	$535.05
John W.	$4,000	1.45%	$58
			$9,454

FUTA Taxes

Employee	Subject to Tax	Tax Rate	Amount
Ken S.	$6,000	0.6%	$36
Tim. V	$60,200	0.6%	$361.20
Steve S.	$87,000	0.6%	$522
Ann T.	$146,500	0.6%	$879
Kathleen K.	$106,900	0.6%	$641.40
Michelle H.	$117,000	0.6%	$702
Lori K.	$119,500	0.6%	$717
Kitty O.	$36,900	0.6%	$221.40
John W.	$4,000	0.6%	$24
			$4,104

SUTA Taxes

Employee	Subject to Tax	Tax Rate	Amount
Ken S.	$6,000	5.4%	$324
Tim. V	$7,000	5.4%	$378
Steve S.	$7,000	5.4%	$378
Ann T.	$7,000	5.4%	$378
Kathleen K.	$7,000	5.4%	$378
Michelle H.	$7,000	5.4%	$378
Lori K.	$7,000	5.4%	$378
Kitty O.	$7,000	5.4%	$378
John W.	$4,000	5.4%	$216
			$3,186

2.

Payroll Taxes	Amount	Percent
FICA Social Security	$40,424	71%
FICA Medicare	$9,454	16.5%
FUTA	$4,104	7%
SUTA	$3,186	5.5%
Total	$57,168	100%

Conclusion

Conclusion:

The payroll tax to be paid by employee is $49,878 and employer is $7,290.

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Answer 2

Question

Chapter 11, Problem 9E

To determine

Payroll Taxes:

The taxes liable on wages earned by employees during specified period of time are payroll taxes.

To determine:

1. Prepare a table to compute the amounts of payroll taxes of each employee.

2. Compute the total for FICA Social Security taxes, FICA Medicare taxes, FUTA taxes, and SUTA taxes.

Expert Solution & Answer

Answer to Problem 9E

Solution:

1.

Employee	Cumulative Pay	FICA Social Security	FICA Medicare	FUTA	SUTA
Ken S.	$6,000	$372	$87	$36	$324
Tim. V	$60,200	$3732.40	$872.90	$361.20	$378
Steve S.	$87,000	$5,394	$1,261.50	$522	$378
Ann T.	$146,500	$7,254	$1,696.50	$879	$378
Kathleen K.	$106,900	$6,627.80	$1,550.05	$641.40	$378
Michelle H.	$117,000	$7,254	$1,696.50	$702	$378
Lori K.	$119,500	$7,254	$1,696.50	$717	$378
Kitty O.	$36,900	$2,287.80	$535.05	$221.40	$378
John W.	$4,000	$248	$58	$24	$216
	$684,000	$40,424	$9,454	$4,104	$3,186

2.

Payroll Taxes	Employee	Employer	Total Tax
FICA Social Security	$40,424		71%
FICA Medicare	$9,454		16.5%
FUTA		$4,104	7%
SUTA		$3,186	5.5%

Explanation of Solution

Explanation:

1. FICA Social Security

Employee	Subject to Tax	Tax Rate	Amount
Ken S.	$6,000	6.2%	$372
Tim. V	$60,200	6.2%	$3732.40
Steve S.	$87,000	6.2%	$5,394
Ann T.	$117,000	6.2%	$7,254
Kathleen K.	$106,900	6.2%	$6,627.80
Michelle H.	$117,000	6.2%	$7,254
Lori K.	$117,000	6.2%	$7,254
Kitty O.	$36,900	6.2%	$2,287.80
John W.	$4,000	6.2%	$248
			$40,424

FICA Medicare

Employee	Subject to Tax	Tax Rate	Amount
Ken S.	$6,000	1.45%	$87
Tim. V	$60,200	1.45%	$872.90
Steve S.	$87,000	1.45%	$1,261.50
Ann T.	$117,000	1.45%	$1,696.50
Kathleen K.	$106,900	1.45%	$1,550.05
Michelle H.	$117,000	1.45%	$1,696.50
Lori K.	$117,000	1.45%	$1,696.50
Kitty O.	$36,900	1.45%	$535.05
John W.	$4,000	1.45%	$58
			$9,454

FUTA Taxes

Employee	Subject to Tax	Tax Rate	Amount
Ken S.	$6,000	0.6%	$36
Tim. V	$60,200	0.6%	$361.20
Steve S.	$87,000	0.6%	$522
Ann T.	$146,500	0.6%	$879
Kathleen K.	$106,900	0.6%	$641.40
Michelle H.	$117,000	0.6%	$702
Lori K.	$119,500	0.6%	$717
Kitty O.	$36,900	0.6%	$221.40
John W.	$4,000	0.6%	$24
			$4,104

SUTA Taxes

Employee	Subject to Tax	Tax Rate	Amount
Ken S.	$6,000	5.4%	$324
Tim. V	$7,000	5.4%	$378
Steve S.	$7,000	5.4%	$378
Ann T.	$7,000	5.4%	$378
Kathleen K.	$7,000	5.4%	$378
Michelle H.	$7,000	5.4%	$378
Lori K.	$7,000	5.4%	$378
Kitty O.	$7,000	5.4%	$378
John W.	$4,000	5.4%	$216
			$3,186

2.

Payroll Taxes	Amount	Percent
FICA Social Security	$40,424	71%
FICA Medicare	$9,454	16.5%
FUTA	$4,104	7%
SUTA	$3,186	5.5%
Total	$57,168	100%

Conclusion

Conclusion:

The payroll tax to be paid by employee is $49,878 and employer is $7,290.

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Answer 3

Question

Chapter 11, Problem 9E

To determine

Payroll Taxes:

The taxes liable on wages earned by employees during specified period of time are payroll taxes.

To determine:

1. Prepare a table to compute the amounts of payroll taxes of each employee.

2. Compute the total for FICA Social Security taxes, FICA Medicare taxes, FUTA taxes, and SUTA taxes.

Expert Solution & Answer

Answer to Problem 9E

Solution:

1.

Employee	Cumulative Pay	FICA Social Security	FICA Medicare	FUTA	SUTA
Ken S.	$6,000	$372	$87	$36	$324
Tim. V	$60,200	$3732.40	$872.90	$361.20	$378
Steve S.	$87,000	$5,394	$1,261.50	$522	$378
Ann T.	$146,500	$7,254	$1,696.50	$879	$378
Kathleen K.	$106,900	$6,627.80	$1,550.05	$641.40	$378
Michelle H.	$117,000	$7,254	$1,696.50	$702	$378
Lori K.	$119,500	$7,254	$1,696.50	$717	$378
Kitty O.	$36,900	$2,287.80	$535.05	$221.40	$378
John W.	$4,000	$248	$58	$24	$216
	$684,000	$40,424	$9,454	$4,104	$3,186

2.

Payroll Taxes	Employee	Employer	Total Tax
FICA Social Security	$40,424		71%
FICA Medicare	$9,454		16.5%
FUTA		$4,104	7%
SUTA		$3,186	5.5%

Explanation of Solution

Explanation:

1. FICA Social Security

Employee	Subject to Tax	Tax Rate	Amount
Ken S.	$6,000	6.2%	$372
Tim. V	$60,200	6.2%	$3732.40
Steve S.	$87,000	6.2%	$5,394
Ann T.	$117,000	6.2%	$7,254
Kathleen K.	$106,900	6.2%	$6,627.80
Michelle H.	$117,000	6.2%	$7,254
Lori K.	$117,000	6.2%	$7,254
Kitty O.	$36,900	6.2%	$2,287.80
John W.	$4,000	6.2%	$248
			$40,424

FICA Medicare

Employee	Subject to Tax	Tax Rate	Amount
Ken S.	$6,000	1.45%	$87
Tim. V	$60,200	1.45%	$872.90
Steve S.	$87,000	1.45%	$1,261.50
Ann T.	$117,000	1.45%	$1,696.50
Kathleen K.	$106,900	1.45%	$1,550.05
Michelle H.	$117,000	1.45%	$1,696.50
Lori K.	$117,000	1.45%	$1,696.50
Kitty O.	$36,900	1.45%	$535.05
John W.	$4,000	1.45%	$58
			$9,454

FUTA Taxes

Employee	Subject to Tax	Tax Rate	Amount
Ken S.	$6,000	0.6%	$36
Tim. V	$60,200	0.6%	$361.20
Steve S.	$87,000	0.6%	$522
Ann T.	$146,500	0.6%	$879
Kathleen K.	$106,900	0.6%	$641.40
Michelle H.	$117,000	0.6%	$702
Lori K.	$119,500	0.6%	$717
Kitty O.	$36,900	0.6%	$221.40
John W.	$4,000	0.6%	$24
			$4,104

SUTA Taxes

Employee	Subject to Tax	Tax Rate	Amount
Ken S.	$6,000	5.4%	$324
Tim. V	$7,000	5.4%	$378
Steve S.	$7,000	5.4%	$378
Ann T.	$7,000	5.4%	$378
Kathleen K.	$7,000	5.4%	$378
Michelle H.	$7,000	5.4%	$378
Lori K.	$7,000	5.4%	$378
Kitty O.	$7,000	5.4%	$378
John W.	$4,000	5.4%	$216
			$3,186

2.

Payroll Taxes	Amount	Percent
FICA Social Security	$40,424	71%
FICA Medicare	$9,454	16.5%
FUTA	$4,104	7%
SUTA	$3,186	5.5%
Total	$57,168	100%

Conclusion

Conclusion:

The payroll tax to be paid by employee is $49,878 and employer is $7,290.

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Answer 4

Question

Chapter 11, Problem 9E

To determine

Payroll Taxes:

The taxes liable on wages earned by employees during specified period of time are payroll taxes.

To determine:

1. Prepare a table to compute the amounts of payroll taxes of each employee.

2. Compute the total for FICA Social Security taxes, FICA Medicare taxes, FUTA taxes, and SUTA taxes.

Expert Solution & Answer

Answer to Problem 9E

Solution:

1.

Employee	Cumulative Pay	FICA Social Security	FICA Medicare	FUTA	SUTA
Ken S.	$6,000	$372	$87	$36	$324
Tim. V	$60,200	$3732.40	$872.90	$361.20	$378
Steve S.	$87,000	$5,394	$1,261.50	$522	$378
Ann T.	$146,500	$7,254	$1,696.50	$879	$378
Kathleen K.	$106,900	$6,627.80	$1,550.05	$641.40	$378
Michelle H.	$117,000	$7,254	$1,696.50	$702	$378
Lori K.	$119,500	$7,254	$1,696.50	$717	$378
Kitty O.	$36,900	$2,287.80	$535.05	$221.40	$378
John W.	$4,000	$248	$58	$24	$216
	$684,000	$40,424	$9,454	$4,104	$3,186

2.

Payroll Taxes	Employee	Employer	Total Tax
FICA Social Security	$40,424		71%
FICA Medicare	$9,454		16.5%
FUTA		$4,104	7%
SUTA		$3,186	5.5%

Explanation of Solution

Explanation:

1. FICA Social Security

Employee	Subject to Tax	Tax Rate	Amount
Ken S.	$6,000	6.2%	$372
Tim. V	$60,200	6.2%	$3732.40
Steve S.	$87,000	6.2%	$5,394
Ann T.	$117,000	6.2%	$7,254
Kathleen K.	$106,900	6.2%	$6,627.80
Michelle H.	$117,000	6.2%	$7,254
Lori K.	$117,000	6.2%	$7,254
Kitty O.	$36,900	6.2%	$2,287.80
John W.	$4,000	6.2%	$248
			$40,424

FICA Medicare

Employee	Subject to Tax	Tax Rate	Amount
Ken S.	$6,000	1.45%	$87
Tim. V	$60,200	1.45%	$872.90
Steve S.	$87,000	1.45%	$1,261.50
Ann T.	$117,000	1.45%	$1,696.50
Kathleen K.	$106,900	1.45%	$1,550.05
Michelle H.	$117,000	1.45%	$1,696.50
Lori K.	$117,000	1.45%	$1,696.50
Kitty O.	$36,900	1.45%	$535.05
John W.	$4,000	1.45%	$58
			$9,454

FUTA Taxes

Employee	Subject to Tax	Tax Rate	Amount
Ken S.	$6,000	0.6%	$36
Tim. V	$60,200	0.6%	$361.20
Steve S.	$87,000	0.6%	$522
Ann T.	$146,500	0.6%	$879
Kathleen K.	$106,900	0.6%	$641.40
Michelle H.	$117,000	0.6%	$702
Lori K.	$119,500	0.6%	$717
Kitty O.	$36,900	0.6%	$221.40
John W.	$4,000	0.6%	$24
			$4,104

SUTA Taxes

Employee	Subject to Tax	Tax Rate	Amount
Ken S.	$6,000	5.4%	$324
Tim. V	$7,000	5.4%	$378
Steve S.	$7,000	5.4%	$378
Ann T.	$7,000	5.4%	$378
Kathleen K.	$7,000	5.4%	$378
Michelle H.	$7,000	5.4%	$378
Lori K.	$7,000	5.4%	$378
Kitty O.	$7,000	5.4%	$378
John W.	$4,000	5.4%	$216
			$3,186

2.

Payroll Taxes	Amount	Percent
FICA Social Security	$40,424	71%
FICA Medicare	$9,454	16.5%
FUTA	$4,104	7%
SUTA	$3,186	5.5%
Total	$57,168	100%

Conclusion

Conclusion:

The payroll tax to be paid by employee is $49,878 and employer is $7,290.

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Answer 5

Chapter 11, Problem 9E

To determine

Payroll Taxes:

The taxes liable on wages earned by employees during specified period of time are payroll taxes.

To determine:

1. Prepare a table to compute the amounts of payroll taxes of each employee.

2. Compute the total for FICA Social Security taxes, FICA Medicare taxes, FUTA taxes, and SUTA taxes.

Expert Solution & Answer

Answer to Problem 9E

Solution:

1.

Employee	Cumulative Pay	FICA Social Security	FICA Medicare	FUTA	SUTA
Ken S.	$6,000	$372	$87	$36	$324
Tim. V	$60,200	$3732.40	$872.90	$361.20	$378
Steve S.	$87,000	$5,394	$1,261.50	$522	$378
Ann T.	$146,500	$7,254	$1,696.50	$879	$378
Kathleen K.	$106,900	$6,627.80	$1,550.05	$641.40	$378
Michelle H.	$117,000	$7,254	$1,696.50	$702	$378
Lori K.	$119,500	$7,254	$1,696.50	$717	$378
Kitty O.	$36,900	$2,287.80	$535.05	$221.40	$378
John W.	$4,000	$248	$58	$24	$216
	$684,000	$40,424	$9,454	$4,104	$3,186

2.

Payroll Taxes	Employee	Employer	Total Tax
FICA Social Security	$40,424		71%
FICA Medicare	$9,454		16.5%
FUTA		$4,104	7%
SUTA		$3,186	5.5%

Explanation of Solution

Explanation:

1. FICA Social Security

Employee	Subject to Tax	Tax Rate	Amount
Ken S.	$6,000	6.2%	$372
Tim. V	$60,200	6.2%	$3732.40
Steve S.	$87,000	6.2%	$5,394
Ann T.	$117,000	6.2%	$7,254
Kathleen K.	$106,900	6.2%	$6,627.80
Michelle H.	$117,000	6.2%	$7,254
Lori K.	$117,000	6.2%	$7,254
Kitty O.	$36,900	6.2%	$2,287.80
John W.	$4,000	6.2%	$248
			$40,424

FICA Medicare

Employee	Subject to Tax	Tax Rate	Amount
Ken S.	$6,000	1.45%	$87
Tim. V	$60,200	1.45%	$872.90
Steve S.	$87,000	1.45%	$1,261.50
Ann T.	$117,000	1.45%	$1,696.50
Kathleen K.	$106,900	1.45%	$1,550.05
Michelle H.	$117,000	1.45%	$1,696.50
Lori K.	$117,000	1.45%	$1,696.50
Kitty O.	$36,900	1.45%	$535.05
John W.	$4,000	1.45%	$58
			$9,454

FUTA Taxes

Employee	Subject to Tax	Tax Rate	Amount
Ken S.	$6,000	0.6%	$36
Tim. V	$60,200	0.6%	$361.20
Steve S.	$87,000	0.6%	$522
Ann T.	$146,500	0.6%	$879
Kathleen K.	$106,900	0.6%	$641.40
Michelle H.	$117,000	0.6%	$702
Lori K.	$119,500	0.6%	$717
Kitty O.	$36,900	0.6%	$221.40
John W.	$4,000	0.6%	$24
			$4,104

SUTA Taxes

Employee	Subject to Tax	Tax Rate	Amount
Ken S.	$6,000	5.4%	$324
Tim. V	$7,000	5.4%	$378
Steve S.	$7,000	5.4%	$378
Ann T.	$7,000	5.4%	$378
Kathleen K.	$7,000	5.4%	$378
Michelle H.	$7,000	5.4%	$378
Lori K.	$7,000	5.4%	$378
Kitty O.	$7,000	5.4%	$378
John W.	$4,000	5.4%	$216
			$3,186

2.

Payroll Taxes	Amount	Percent
FICA Social Security	$40,424	71%
FICA Medicare	$9,454	16.5%
FUTA	$4,104	7%
SUTA	$3,186	5.5%
Total	$57,168	100%

Conclusion

Conclusion:

The payroll tax to be paid by employee is $49,878 and employer is $7,290.

Answer 6

Chapter 11, Problem 9E

To determine

Payroll Taxes:

The taxes liable on wages earned by employees during specified period of time are payroll taxes.

To determine:

1. Prepare a table to compute the amounts of payroll taxes of each employee.

2. Compute the total for FICA Social Security taxes, FICA Medicare taxes, FUTA taxes, and SUTA taxes.

Expert Solution & Answer

Answer to Problem 9E

Solution:

1.

Employee	Cumulative Pay	FICA Social Security	FICA Medicare	FUTA	SUTA
Ken S.	$6,000	$372	$87	$36	$324
Tim. V	$60,200	$3732.40	$872.90	$361.20	$378
Steve S.	$87,000	$5,394	$1,261.50	$522	$378
Ann T.	$146,500	$7,254	$1,696.50	$879	$378
Kathleen K.	$106,900	$6,627.80	$1,550.05	$641.40	$378
Michelle H.	$117,000	$7,254	$1,696.50	$702	$378
Lori K.	$119,500	$7,254	$1,696.50	$717	$378
Kitty O.	$36,900	$2,287.80	$535.05	$221.40	$378
John W.	$4,000	$248	$58	$24	$216
	$684,000	$40,424	$9,454	$4,104	$3,186

2.

Payroll Taxes	Employee	Employer	Total Tax
FICA Social Security	$40,424		71%
FICA Medicare	$9,454		16.5%
FUTA		$4,104	7%
SUTA		$3,186	5.5%

Explanation of Solution

Explanation:

1. FICA Social Security

Employee	Subject to Tax	Tax Rate	Amount
Ken S.	$6,000	6.2%	$372
Tim. V	$60,200	6.2%	$3732.40
Steve S.	$87,000	6.2%	$5,394
Ann T.	$117,000	6.2%	$7,254
Kathleen K.	$106,900	6.2%	$6,627.80
Michelle H.	$117,000	6.2%	$7,254
Lori K.	$117,000	6.2%	$7,254
Kitty O.	$36,900	6.2%	$2,287.80
John W.	$4,000	6.2%	$248
			$40,424

FICA Medicare

Employee	Subject to Tax	Tax Rate	Amount
Ken S.	$6,000	1.45%	$87
Tim. V	$60,200	1.45%	$872.90
Steve S.	$87,000	1.45%	$1,261.50
Ann T.	$117,000	1.45%	$1,696.50
Kathleen K.	$106,900	1.45%	$1,550.05
Michelle H.	$117,000	1.45%	$1,696.50
Lori K.	$117,000	1.45%	$1,696.50
Kitty O.	$36,900	1.45%	$535.05
John W.	$4,000	1.45%	$58
			$9,454

FUTA Taxes

Employee	Subject to Tax	Tax Rate	Amount
Ken S.	$6,000	0.6%	$36
Tim. V	$60,200	0.6%	$361.20
Steve S.	$87,000	0.6%	$522
Ann T.	$146,500	0.6%	$879
Kathleen K.	$106,900	0.6%	$641.40
Michelle H.	$117,000	0.6%	$702
Lori K.	$119,500	0.6%	$717
Kitty O.	$36,900	0.6%	$221.40
John W.	$4,000	0.6%	$24
			$4,104

SUTA Taxes

Employee	Subject to Tax	Tax Rate	Amount
Ken S.	$6,000	5.4%	$324
Tim. V	$7,000	5.4%	$378
Steve S.	$7,000	5.4%	$378
Ann T.	$7,000	5.4%	$378
Kathleen K.	$7,000	5.4%	$378
Michelle H.	$7,000	5.4%	$378
Lori K.	$7,000	5.4%	$378
Kitty O.	$7,000	5.4%	$378
John W.	$4,000	5.4%	$216
			$3,186

2.

Payroll Taxes	Amount	Percent
FICA Social Security	$40,424	71%
FICA Medicare	$9,454	16.5%
FUTA	$4,104	7%
SUTA	$3,186	5.5%
Total	$57,168	100%

Conclusion

Conclusion:

The payroll tax to be paid by employee is $49,878 and employer is $7,290.

Answer 7

Chapter 11, Problem 9E

To determine

Payroll Taxes:

The taxes liable on wages earned by employees during specified period of time are payroll taxes.

To determine:

1. Prepare a table to compute the amounts of payroll taxes of each employee.

2. Compute the total for FICA Social Security taxes, FICA Medicare taxes, FUTA taxes, and SUTA taxes.

Answer 8

Expert Solution & Answer

Answer to Problem 9E

Solution:

1.

Employee	Cumulative Pay	FICA Social Security	FICA Medicare	FUTA	SUTA
Ken S.	$6,000	$372	$87	$36	$324
Tim. V	$60,200	$3732.40	$872.90	$361.20	$378
Steve S.	$87,000	$5,394	$1,261.50	$522	$378
Ann T.	$146,500	$7,254	$1,696.50	$879	$378
Kathleen K.	$106,900	$6,627.80	$1,550.05	$641.40	$378
Michelle H.	$117,000	$7,254	$1,696.50	$702	$378
Lori K.	$119,500	$7,254	$1,696.50	$717	$378
Kitty O.	$36,900	$2,287.80	$535.05	$221.40	$378
John W.	$4,000	$248	$58	$24	$216
	$684,000	$40,424	$9,454	$4,104	$3,186

2.

Payroll Taxes	Employee	Employer	Total Tax
FICA Social Security	$40,424		71%
FICA Medicare	$9,454		16.5%
FUTA		$4,104	7%
SUTA		$3,186	5.5%

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Explanation of Solution

Explanation:

1. FICA Social Security

Employee	Subject to Tax	Tax Rate	Amount
Ken S.	$6,000	6.2%	$372
Tim. V	$60,200	6.2%	$3732.40
Steve S.	$87,000	6.2%	$5,394
Ann T.	$117,000	6.2%	$7,254
Kathleen K.	$106,900	6.2%	$6,627.80
Michelle H.	$117,000	6.2%	$7,254
Lori K.	$117,000	6.2%	$7,254
Kitty O.	$36,900	6.2%	$2,287.80
John W.	$4,000	6.2%	$248
			$40,424

FICA Medicare

Employee	Subject to Tax	Tax Rate	Amount
Ken S.	$6,000	1.45%	$87
Tim. V	$60,200	1.45%	$872.90
Steve S.	$87,000	1.45%	$1,261.50
Ann T.	$117,000	1.45%	$1,696.50
Kathleen K.	$106,900	1.45%	$1,550.05
Michelle H.	$117,000	1.45%	$1,696.50
Lori K.	$117,000	1.45%	$1,696.50
Kitty O.	$36,900	1.45%	$535.05
John W.	$4,000	1.45%	$58
			$9,454

FUTA Taxes

Employee	Subject to Tax	Tax Rate	Amount
Ken S.	$6,000	0.6%	$36
Tim. V	$60,200	0.6%	$361.20
Steve S.	$87,000	0.6%	$522
Ann T.	$146,500	0.6%	$879
Kathleen K.	$106,900	0.6%	$641.40
Michelle H.	$117,000	0.6%	$702
Lori K.	$119,500	0.6%	$717
Kitty O.	$36,900	0.6%	$221.40
John W.	$4,000	0.6%	$24
			$4,104

SUTA Taxes

Employee	Subject to Tax	Tax Rate	Amount
Ken S.	$6,000	5.4%	$324
Tim. V	$7,000	5.4%	$378
Steve S.	$7,000	5.4%	$378
Ann T.	$7,000	5.4%	$378
Kathleen K.	$7,000	5.4%	$378
Michelle H.	$7,000	5.4%	$378
Lori K.	$7,000	5.4%	$378
Kitty O.	$7,000	5.4%	$378
John W.	$4,000	5.4%	$216
			$3,186