Question
After evaluating the information provided by the Lovely Treasures bookstore employees: 1. Determine the amounts that must be reported in the employees' W2. 2. Calculate
After evaluating the information provided by the Lovely Treasures bookstore employees: 1. Determine the amounts that must be reported in the employees' W2. 2. Calculate the Social Security and Medicare payment that the employer must make. 3. Calculate the state unemployment that the employer must pay at the rate of 6% of the first $ 10,000 the employee earns. 4. Make the entries to the wage related to the debts contracted with the different agencies in contributions by the employer.
Name of employee | Weekly Salary | Retirement payment |
John Smith | $1,250.00 | $21.93 |
Liza Lopez | 950.00 | 37.12 |
Johnny Cage | 1,100.00 | 88.00 |
Sonya Tomas | 590.00 | 23.02 |
Cynthis Bird | 860.00 | 92.00 |
Shawana Vazquez | 1,020.00 | 48.00 |
Samuel Rivera | 750.00 | 25.60 |
Wade Pool | 640.00 | 26.40 |
Tony Gonzalez | 1,000.00 | 32.68 |
Steve Stark | 860.00 | 68.80 |
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Financial and Management Accounting
Authors: Pauline Weetman
7th edition
1292086599, 978-1292086590
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