Marlene Grady and Pauline Monroe are partners engaged in operating The G&M Doll Shop, which has employed

Question:

Marlene Grady and Pauline Monroe are partners engaged in operating The G&M Doll Shop, which has employed the following persons since the beginning of the year:
V. Hoffman (general office worker)..........................  $1,700 per month
A. Drugan (saleswoman)..........................................   $15,000 per year
G. Beiter (stock clerk)...............................................    $180 per week
S. Egan (deliveryman)...............................................    $220 per week
B. Lin (cleaning and maintenance, part-time)........... $160 per week
Grady and Monroe are each paid a weekly salary allowance of $950.
The doll shop is located in a state that requires unemployment compensation contributions of employers of one or more individuals. The company is subject to state contributions at a rate of 3.1% for wages not in excess of $8,100. Compute each of the following amounts based upon the 41st weekly payroll period for the week ending October 12, 2018:
a. Amount of FICA taxes (OASDI and HI) to be withheld from the earnings of each person. 

OASDI НI M. Grady P. Monroc.. V. Hoffman A. Drugan G. Beiter.. S. Egan B. Lin b. Amount of the employer's FICA taxcs fo

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

Step by Step Answer:

Related Book For  book-img-for-question

Payroll Accounting 2018

ISBN: 978-1337291040

28th edition

Authors: Bernard J. Bieg, Judith Toland

Question Posted: