During 2016, Rachael Parkins, president of Mathieson Company, was paid a semimonthly salary of $7,000 Compute the amount of FICA taxes that should be withheld from her OASDI HI a 9th paycheck b 17th paycheck c 24th paycheck d If Rachael Parkin's year to date earnings as of her 24th paycheck are $16...

OASDI HI a 9th paycheck 43400 10150 b 17th pa ...

During 2016, Rachael Parkins, president of Mathieson Company, was paid a semimonthly salary of $7,000. Compute the

Question:

During 2016, Rachael Parkins, president of Mathieson Company, was paid a semimonthly salary of $7,000. Compute the amount of FICA taxes that should be withheld from her:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Payroll Accounting 2016

ISBN: 978-1337072649

26th edition

Authors: Bernard J. Bieg, Judith Toland

See More Books

Question Posted: Oct 25, 2016 10:53 AM

See More Questions

During 2017, Rachael Parkins, president of Mathieson Company, was paid a semimonthly salary of $7,000. Compute the amount of FICA taxes that should be withheld from her: OASDI HI a. 9th paycheck b....
During 2018, Rachael Parkins, president of Mathieson Company, was paid a semimonthly salary of $7,500. Compute the amount of FICA taxes that should be withheld from her: HI OASDI a. 9th paycheck b....
During 2013, Matti Conners, president of Maggert Company, was paid a semimonthly salary of $5,200. Compute the amount of FICA taxes that should be withheld fromher: OASDI HI a. 9th paycheck S b. 22nd...
Consider the following loan information. . Total acquisition price: $3,000,000. Property consists of twelve office suites, five on the first floor and seven on the second. Contract rents: three...
Specialized Consulting Service Company's after-tax net cash flows associated with two mutually exclusive projects, Alpha and Beta, are as follows: a. Calculate the net present value for each project...
Two racquetballs are placed in a glass jar, as shown in Figure P12.62. Their centers and the point A lie on a straight line. (a) Assume that the walls are frictionless, and determine P1, P2, and P3....
When scrap has a low value, what account is credited for the proceeds of its sale? LO.1
The scene is a conference room on the 10th floor of an office building on Wall Street, occupied by Anthes Enterprises, a small, rapidly growing manufacturer of electronic trading systems for...
Air Qual Test Corporation provides on-site air quality testing services. The company has provided the following cost formulas and actual results for the month of February: Fixed Variable Actual...
The facilities manager at Oxbridge University is planning to apply fertilizer to the grass in the quadrangle area in the spring. The grass needs nitrogen, phosphorus, and potash in at least the...
At Vision Club Company, office workers are employed for a 40-hour workweek on either an annual or a monthly salary basis. Given on the form below are the current annual and monthly salary rates for...
Ernie Gilmore began working as a part-time waiter on June 1, 2016, at Sporthouse Restaurant. The cash tips of $390 that he received during June were reported on Form 4070, which he submitted to his...
Use a graphing utility to graph the following curves. Be sure to choose an interval for the parameter that generates all features of interest. 312 1 + t 3t 3 Y = .3
Sunland Corp. exchanged Building 24, which has an appraised value of $1,815,000, a cost of $2,842,000, and accumulated depreciation of $1,272,000, for Building M which belongs to Oriole Ltd. Building...
Conlon Chemicals manufactures paint thinner. Information on the work in process follows: -Beginning Inventory, 43,000 partially complete gallons -Transferred out, 211300 gallons -Ending inventory...
Mr . Nikola Tesla launched Tesla Supermart on December 1 , 2 0 x 1 with a cash investment of 1 5 0 , 0 0 0 . The following are additional transactions for the month: 2 Equipment valued at 2 0 , 0...
The Robots: Stealing Our Jobs or Solving Labour Shortages? As the coronavirus pandemic enveloped the world, businesses increasingly turned to automation in order to address rapidly changing...
Aquazona Pool Company is a custom pool builder. The company recently completed a pool for the Drayna family ( Job 1 3 2 4 ) as summarized on the incomplete job cost sheet below. Assume the company...
Power is transmitted at 80 kV between two stations. If the voltage can be increased to 160 kV without a change in cable size, how much additional power can be transmitted for the same current? What...
Cornell and Roberts are partners who agree to admit Stanley to their partnership. Cornell has a capital balance of $80,000 and Roberts has a capital balance of $120,000. Cornell and Roberts share net...
Will and Eric are looking at the company's health care options and trying to determine what their taxable income will be if they sign up for the qualified cafeteria plan offered by the company, which...
Using the percentage method, calculate the federal withholding amounts for the following employees? Discuss.
David Adams has been retained as a consultant for Marionet Industries. The company has had difficulty with their cross-country drivers receiving their pay in a timely fashion since they are often...
THIS IS ONE QUESTION WITH TWO PARTS. PLEASE ANSWER COMPLETELY AND SHOW ALL WORK. (NO EXCEL) Information for Question 1: State Probability Retum on A Return on B Return on C Retum on Portfolio X Boom...
Direct materials (5.0 Ibs. @ $5.00 per Ib.) Direct labor (2.0 hrs. @ $13.00 per hr.) Overhead (2.0 hrs. @ $18.50 per hr.) Total standard cost $25.00 26.00 37.00 $88.00 The predetermined overhead rate...
Problem 1-28 (Algo) (LO 1-4, 1-5, 1-6b 1-7) Harper, Inc., acquires 40 percent of the outstanding voting stock of Kinman Company on January 1, 2020, for $316,100 in cash. The book value of Kinman's...

During 2016, Rachael Parkins, president of Mathieson Company, was paid a semimonthly salary of $7,000. Compute the

Question:

OASDI HI a. 9th paycheck b. 17th paycheck c. 24th paycheck d. If Rachael Parkin's year-to-date earnings as of her 24th paycheck are $168,000, and her year-end bonus is $100,000, how much is the additional 0.9% HI tax withheld?

Step by Step Answer:

OASDI HI a 9th paycheck 43400 10150 b 17th pa...View the full answer

Payroll Accounting 2016

Students also viewed these Accounting questions