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BUS 0 3 8 I am posting this question again because the one here was missing the table. There's also another table which inludes weekly

BUS 038 I am posting this question again because the one here was missing the table. There's also another table which inludes weekly and biweekly amounts that I wasn't able to upload my google voice number is (323)372-0636 let me know and I can send it.
PLEASE solve all questions showing all your work.
1. Calculate Social Security taxes, Medicare taxes, and FIT for Joy Royce. Joy's company pays
her a monthly salary of $9,500. She is single and claims 1 deduction. Before this payroll,
Joy's cumulative earnings were $115,000.(Social Security maximum is 6.2% on $118,500,
and Medicare is 1.45%.) Calculate FIT by the percentage method.
2. Jim Brewer, owner of Arrow Company, has three employees who earn $300, $700, and $900
a week. Assume a state SUTA rate of 5.1%. What will Jim pay for state and federal
unemployment taxes for the first quarter?
3. Calculate Social Security taxes, Medicare taxes, and FIT for Joy Royce. Joy's company pays
her a monthly salary of $10,000. She is single and claims 1 deduction. Before this payroll,
Joy's cumulative earnings were $118,000.(Social Security maximum is 6.2% on $118,500,
and Medicare is 1.45%.) Calculate FIT by the percentage method.
4. Jim Brewer, owner of Arrow Company, has three employees who earn $200, $800, and $950
a week. Assume a state SUTA rate of 5.1%. What will Jim pay for state and federal
unemployment taxes for the first quarter?
Note: FUTA remains at .006 whether SUTA rate is higher or lower than standard
5. Lai Xiaodong, a 22-year-old college-educated man, accepted a job at Foxconn Technology
(where the iPad was being pro- duced for Apple) in Chengdu, China, for $22 a day at 12
hours a day, 6 days a week. A company perk included company housing in dorms for the
70,000 employees. It was common for 20 people to be assigned to the same three-bedroom
apart- ment. What were Lais hourly (rounded to the nearest cent), weekly, and annual
gross pay?
6. Rhonda Brennan found her first job after graduating from college through the classifieds of
the Miami Herald. She was delighted when the offer came through at $18.50 per hour. She
completed her W-4 stating that she is married with a child and claims an allowance of 3. Her
company will pay her biweekly for 80 hours. Calculate her take-home pay for her first check.
7. Len Mast earned $2,200 for the last 2 weeks. He is married, is paid biweekly, and claims 3 exemptions.
What is Lens income tax? Use the percentage method.
8. Westway Company pays Suzie Chan $2,200 per week. By the end of week 51, how much did
Westway deduct for Suzies Social Security and Medicare for the year? Assume Social
Security is 6.2% on $110,100 and 1.45% for Medicare. What state and federal
unemployment taxes does Westway pay on Suzies yearly salary? The state unemployment
rate is 5.1%. FUTA is .8%
9. Lee Company pays its employees on a graduated commission scale: 6% on the first $40,000 sales, 7%
on sales from $40,001 to $80,000, and 13% on sales of more than $80,000. May West, an employee
of Lee, has $230,000 in sales. What commission did May earn?
10. Matty Kim, an accountant for Vernitron, earned $102,600 from January to June. In July, Matty earned
$20,000. Assume a tax rate of 6.2% for Social Security on $110,100 and 1.45% on Medicare. How
much are the July taxes for Social Security and Medicare?
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