Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Anybody willing to help me on this? Questions are on pages 3 and 4. I need someone who can calculate including the FUTA and SUTA.

Anybody willing to help me on this? Questions are on pages 3 and 4. I need someone who can calculate including the FUTA and SUTA. and the earning records.

image text in transcribed
Ellipses Corp One Month Project Ellipses Corp is a small business that operates in Herndon, VA. The company is located at10 Period Lane, Herndon, VA 20170. Its federal Employer Identification Number is 77-7777777, and its president, who signs all tax forms, is John Parker (telephone #571-555-0073). The company does not wish to name a 3d party designee on forms. During 2016 four individuals are employed by Ellipses Corp. These employees are as follows. Name Address Social Federal State W/H Marital Status Security # W/H Allowances Allowances Parker 85 Southern Road 111-11-1111 2 2 Married Cranston Herndon, VA 20170 Allison 203A Pine Court 777-77-7777 4 3 Married Harrison Herndon, VA 20170 John Parker 212 Tradition Lane 444-44-4444 1 Single Herndon, VA 20170 Pierre 41 Seward Boulevard 333-33-3333 2 2 Married Sternberg Herndon, VA 20170 Note that Pierre Sternberg was hired in November, and his first day of work was Monday, November 28. Additionally, due to an economic downturn, Allison Harrison was laid off in mid-December, with her last day of work on Friday, December 16. All employees of Ellipses Corp. work a regular 40-hour week, receive overtime pay at a rate of 1.5 times the regular wage rate, and are paid weekly on Friday for the current week (which runs from Saturday through Friday, although employees never work on weekends). The SUTA tax rate applicable to Ellipses Corp. is 3.1%, while the SUTA wage base in Virginia is $8,000. Earnings and voluntary deduction information for each of the four employees is as follows. Name Regular Wage Annual Salary Weekly 401 (k) Weekly Rate Deduction Charitable Contribution Parker Cranston $15/hour na 6% of gross pay $5 Allison Harrison $23/hour na 5% of gross pay $5 John Parker n/a $203,000.20 na $20 Pierre Sternberg na $112,000.20 1% of gross pay na

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

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

Accounting Chapters 14-26

Authors: Carl Warren

27th Edition

1337272116, 978-1337272117

More Books

Students also viewed these Accounting questions

Question

5. Give examples of binary thinking.

Answered: 1 week ago