Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

5-17A . LO 5, 6 See Figure 5.2 on pages 5-20 and 5-21, Figure 5.5 on page 5-28, Figure 5.6 on page 5-29 The information

image text in transcribedimage text in transcribed
5-17A . LO 5, 6 See Figure 5.2 on pages 5-20 and 5-21, Figure 5.5 on page 5-28, Figure 5.6 on page 5-29 The information listed below refers to the employees of Lemonica Company for the year ended December 31, 2018. The wages are separated into the quarters in which they were paid to the individual employees. Name Social Security# lst Qtr. 2nd Qtr. Total Robert G. Cramer ................... 000- 00- 0001 $ 5, 800 $ 21,000 Daniel M. English (Foreman) .. 000- 00- 0003 13, 000 53,200 Ruth A. Small .......................... 000-00-1998 2,000 9,000 Harry B. Klaus ........................ 000-00-7413 11,600 46,700 Kenneth N. George (Manager).. 000-00-65 23 13,600 5 7,100 Mavis R. Jones ........................ 000-00-6789 1,600 5,000 Marshall T. McCoy ................. 000-00-33 34 1 1,400 22,800 Bertram A. Gompers (President) 000-00-1014 , 101,300 Arthur S. Rooks ...................... 000-00-7277 4,100 Mary R. Bastian ...................... 000-00-8111 32,600 Klaus C. Werner ...................... 000-00-2623 9,800 Kathy T. Tyler .......................... 000-00-35 34 23,000 Totals ................................... w For 2018, State D's contribution rate for Lemonica Company, based on the experienoe~rating system of the state, was 2.8% of the rst $7,000 of each employee's earnings. The state tax returns are due one month after the end of each calendar quartet; During 2018, the company paid $2,214.80 of contributions to State D's unemployment fund. Employer's phone number: (613} 555-0029. Employer's State D reporting number: 00596. Using the forms supplied on pages 5-44 to 5-46, complete the following for 2018: a. Date and amount of the FUTA tax payment for the fourth quarter of 2018 [State D is not a credit reduction state). Tax Payment: Date Amount $ b. Employer's Report for Unemployment Compensation, State D-4th quarter only. Item 1 is the number of employees employed in the pay period that includes the 12th of each month in the quarter. For Lemonica Company, the number of employees is eight in October, seven in November, and eight in December. All employees earned 13 credit weeks during the last quarter except for Rooks (8) and Tyler (9). c. Employer's Annual Federal Unemployment (FUTA) Tax ReturnForm 940 Indicate on each form the date that the form should be submitted and the amount of money that must be paid. The president of the company prepares and signs all tax forms

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: kieso, weygandt and warfield.

14th Edition

9780470587232, 470587288, 470587237, 978-0470587287

Students also viewed these Accounting questions