PAYROLL ACCT.,2019 ED.(LL)-TEXT
19th Edition
ISBN: 9781337619783
Author: BIEG
Publisher: CENGAGE L
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Question
Chapter 6, Problem 15PB
1-(a).
To determine
Compute the FICA-OASDI amount to be withheld from each of the employee’s earnings on November 8.
1-(b).
To determine
Compute the FICA-HI amount to be withheld from each of the employee’s earnings on November 8.
1-(c).
To determine
Compute the SUTA amount to be withheld from each of the employee’s earnings on November 8.
2.
To determine
Record the amount of gross earnings of November 8 that are taxable under FICA, FUTA, and SUTA, and compute the total employer payroll taxes.
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The form below shows the amounts that appear in the Earnings to Date column of the employees’ earnings records for 10 full- and part-time workers in Ranger Company. These amounts represent the cumulative earnings for each worker as of November 1, the company’s last payday. The form also gives the gross amount of earnings to be paid each worker on the next payday, November 8.In the state where Ranger Company is located, the tax rates and bases are as follows:Tax on Employees:FICA—OASDI 6.2% on first $137,700FICA—HI 1.45% on total earningsSUTA 0.5% on first $8,000Tax on Employer:FICA—OASDI 6.2% on first $137,700FICA—HI 1.45% on total earningsFUTA 0.6% on first $7,000SUTA 2.8% on first $8,000In the appropriate columns of the form below, do the following:Compute the amount to be withheld from each employee’s earnings on November 8 for (a) FICA—OASDI, (b) FICA—HI, and (c) SUTA, and determine the total employee taxes.Record the portion of each employee’s earnings that is taxable under FICA,…
The form below shows the amounts that appear in the Earnings to Date column of the employees' earnings records for 10 full-time and part-time workers in Ranger Company. These amounts represent the cumulative earnings for each worker as of November 1, the company's last payday. The form also gives the gross amount of earnings to be paid each worker on the next payday, November 8.
In the state where Ranger Company is located, the tax rates and bases are as follows:
Tax on Employees:
FICA—OASDI
6.2% on first $137,700
FICA—HI
1.45% on total earnings
SUTA
0.5% on first $8,000
Tax on Employer:
FICA—OASDI
6.2% on first $137,700
FICA—HI
1.45% on total earnings
FUTA
0.6% on first $7,000
SUTA
2.8% on first $8,000
In the appropriate columns of the form shown below, do the following:
1. Compute the amount to be withheld from each employee's earnings on November 8 for (a) FICA-OASDI, (b) FICA-HI, and (c) SUTA, and determine the total employee taxes.
2.…
The form below shows the amounts that appear in the Earnings to Date column of the employees' earnings records for 10 full- and part-time workers in Unger Company. These amounts represent the cumulative earnings for each worker as of October 4, the company's last payday. The form also gives the gross amount of earnings to be paid each worker on the next payday, October 11.
In the state where Unger Company is located, the tax rates and bases are as follows:
Tax on Employees:
FICA—OASDI
6.2% on first $137,700
FICA—HI
1.45% on total earnings
SUTA
0.5% on first $8,000
Tax on Employer:
FICA—OASDI
6.2% on first $137,700
FICA—HI
1.45% on total earnings
FUTA
0.6% on first $7,000
SUTA
1.8% on first $8,000
Chapter 6 Solutions
PAYROLL ACCT.,2019 ED.(LL)-TEXT
Ch. 6 - The totals from the payroll register of Olt...Ch. 6 - Olt Companys gross payroll for the week of January...Ch. 6 - _____ 1. 1. Employees earnings record A. Expense...Ch. 6 - Prob. 1QRCh. 6 - For what reason are distribution columns sometimes...Ch. 6 - Prob. 3QRCh. 6 - Prob. 4QRCh. 6 - Prob. 5QRCh. 6 - Prob. 6QRCh. 6 - Prob. 7QR
Ch. 6 - What portions of an employees take-home pay are...Ch. 6 - Prob. 9QRCh. 6 - Prob. 10QRCh. 6 - Prob. 11QRCh. 6 - What must the employer do with unclaimed...Ch. 6 - What special accounts must usually be opened in...Ch. 6 - Prob. 14QRCh. 6 - Prob. 15QRCh. 6 - Prob. 16QRCh. 6 - What accounts are debited and credited when an...Ch. 6 - Prob. 18QRCh. 6 - Prob. 19QRCh. 6 - Prob. 20QRCh. 6 - Prob. 1QDCh. 6 - Prob. 2QDCh. 6 - Prob. 3QDCh. 6 - Prob. 1PACh. 6 - Prob. 2PACh. 6 - a. Cal Ruther, an employer, is subject to FICA...Ch. 6 - The employees of Donnelly Music Company earn total...Ch. 6 - Vulcra, Inc., has a semimonthly payroll of 67,000...Ch. 6 - Prob. 6PACh. 6 - Prob. 7PACh. 6 - The employees of Pelter Company earn wages of...Ch. 6 - The following information pertains to a weekly...Ch. 6 - Prob. 10PACh. 6 - On December 31, 20--, Karmansky Company needed to...Ch. 6 - Kelsey Gunn is the only employee of Arsenault...Ch. 6 - Prob. 13PACh. 6 - At the end of April, Hernandez Company had a...Ch. 6 - Prob. 15PACh. 6 - In the Illustrative Case in this chapter, payroll...Ch. 6 - Prob. 1PBCh. 6 - Prob. 2PBCh. 6 - Prob. 3PBCh. 6 - The employees of Carson Bakery Company earn total...Ch. 6 - Purnell, Inc., has a semimonthly payroll of 53,900...Ch. 6 - Adams, Inc., pays its employees weekly wages in...Ch. 6 - Prob. 7PBCh. 6 - The employees of Portonegra Company earn wages of...Ch. 6 - The following information pertains to a weekly...Ch. 6 - Prob. 10PBCh. 6 - Prob. 11PBCh. 6 - Prob. 12PBCh. 6 - Prob. 13PBCh. 6 - At the end of June, Morton Company had a balance...Ch. 6 - Prob. 15PBCh. 6 - In the Illustrative Case in this chapter, payroll...Ch. 6 - Frank Flynn is the payroll manager for Powlus...
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