Question
The form below shows the amounts that appear in the Earnings to Date column of the employees' earnings records for 10 full- and part-time workers
The form below shows the amounts that appear in the Earnings to Date column of the employees' earnings records for 10 full- and part-time workers in Unger Company. These amounts represent the cumulative earnings for each worker as of October 5, the company's last payday. The form also gives the gross amount of earnings to be paid each worker on the next payday, October 12. In the state where Unger Company is located, the tax rates and bases are as follows: Tax on Employees: FICA—OASDI 6.2% on first $127,200 FICA—HI 1.45% on total earnings SUTA 0.5% on first $8,000 Tax on Employer: FICA—OASDI 6.2% on first $127,200 FICA—HI 1.45% on total earnings FUTA 0.6% on first $7,000 SUTA 1.8% on first $8,000 In the appropriate columns of the form shown below, do the following:
1. Compute the amount to be withheld from each employee's earnings on October 13 for (a) FICA—OASDI, (b) FICA—HI, and (c) SUTA, and determine the total employee taxes.
2. Record the portion of each employee's earnings that is taxable under FICA, FUTA, and SUTA, and calculate the total employer's payroll taxes on the October 13 payroll. If an amount box does not require an entry, leave it blank. If required, round your answers to the nearest cent. Enter the tax rates as decimals, carried out to four decimal places when required.
Taxes to Be Withheld from Employer Tases Pontion of Employees Earnings Tasahle Under Gross Employees' Earning Under Employee Earnings to Date Earnings Oct. 13 FICA FICA SUTA FUTA SUTA OASDI HI OSADI HI 1. Weiser, Robert A S118,790 $1,790 2 Stankard. Laurie C. 14950 295 3. Grow. Joan L 4,060 240 4Rowe. Paul C. 235 8,190 3 McNamata, Joyce M. 7460 195 1810 I 6 OCotinor, Roger T. 118,210 8.905 280 7. Canon, Ronald B 4325 175 &Kenny, Ginni C 37.010 590 9. Devery. Virginia S. 3.615 205 10. wilon. Joe W. Total employe aANe. Lla Lib) Lio Toul uable caming Applicable tas ate Tuul
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