Payroll Accounting
19th Edition
ISBN: 9781337619769
Author: BIEG, Bernard J.
Publisher: Cengage Learning
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Textbook Question
Chapter 3, Problem 4PB
Moisa Evans is a maitre d’ at Red Rock Club. On September 6, his gross pay was $900 (three days working, one paid vacation day, and one paid sick day). He also reported to his employer tips of $860 for the previous month (applicable taxes to be deducted out of this pay). Evans belongs to the company’s 401(k) plan and has 5% of his gross pay ($900) deducted each week (salary reduction). Red Rock Club also provides a matching contribution ($45) into the plan for Evans. This week’s pay would have a:
- a. Deduction for OASDI tax $_______
- b. Deduction for HI tax $__________
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Chapter 3 Solutions
Payroll Accounting
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