Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cumulative; Eam. Earnings: Exp Expense, Med Monicare in insurance Witnang LOK COCK Earnings Withholdings Salaries and Income Health United Ins. Way Total With. Net Pay

image text in transcribed

image text in transcribed

image text in transcribed

Cumulative; Eam. Earnings: Exp Expense, Med Monicare in insurance Witnang LOK COCK Earnings Withholdings Salaries and Income Health United Ins. Way Total With. Net Pay Wages Exp Earn OASDI Chk No. 801 Med. 920 $ 92 $ Beg. Current Ending Cum. Period Cum. Earn. Earn. $ 85,000 $ 4,600 89,600 113,000 8,000 121,000 52,000 2.500 54,500 63,000 3.900 66.900 0 5,000 5000 5 313,000 $ 24,000 160 302 803 805 Enter any number in the edit fields and then click Check Answer Check Answer Earnings Withholdings Salaries and Ending Cumulative Earnings Check Wages Net Pay OASDI Medicare No. Expense 801 Beginning Current Cumulative Period Earnings Earnings 85,000 5 4,600 113,000 8,000 52,000 2,500 63,000 3,900 5,000 5 313,000 $ 24,000 Income Health United Total Tax Insurance Way Withholdings S 920 $ 92 $ 50 2.400 16030 500 50 1.170 78 35 1,500 $ 6.490 S 480 $ 115 802 803 804 805 100 Print Done following partially completed payroll register. the partial payroll register.) (Click the icon to view payroll tax rate information.) ngs, Exp i More Info For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: inding Cum. Earn. 39.600 21.000 54,500 Employer: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. OASDI: 6.2% on first $118,500 earned: Medicare: 1.45% on all earnings: FUTA: 0.6% on first $7.000 earned: SUTA: 5.4% on first $7,000 earned. 56,900 5000 Print Done MUJIO )] Sit fields and then click Check Answer. Clear All Check

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

Students also viewed these Accounting questions