Dewa Section -HOW EMPLOYEES WITHHOLD AND DEPOSIT FOKKAL TAXES 1. Denis pud 510.000 a month-S5.000 on the 16th, and 5,000 on the last day of the month. As of October 31, 2018 Don's year to date PICAS180,000 How ICA must Don's employer withhold from his paydated December 2018 2. As of Priday, July 20, 2018 Ray's year to date wagen chuting bore 3138300 How much ICA stay's employer withhold pay for the per day July 27, 2018 hilary w $2.000 at the 2016 Puyall Thx Witbling Tables from TRS Pale 11. Circular e Master Proll Section 6) pada PTW for the follow and is married claims 3 was her W-and is paid 5645 a week bangis nams 1 wees and is paid $800 wery week Bois is simple claims allowance her and paid $1,700 w weeks Carlos medios and is a 1,350 W e messages rences on hi W-land is de week Tin 5. When is an employer at required to deposit federal employment to electronically? 6 What is the Farm 41 lookback period? To which employer tax listas does it apply? How is twed to determine an employer's depoti frequency in 2018? 7. For each of the following scenarios below, determine whether the player is a monthly meekly or annual depositor for 2018 und check the upper genieba Semi weekly Monthly Annual AAA begins operation on March 1, 2018 and anticipates 2018 Form 941 tax liability of $5,000 BBB was started in 1992 For the lookback period ending June 30, 2017 BBR's cumulative tax liabilities were $18.000 CCC started up in 2005. For the lookback period ending June 30, 2017 CCC cumulative tax liabilities were $75,000 d DDD brain dong business in 2006. For the lookback period ending June 30, 2017 DDD's cumulative to Libilities were $45,000 DDDS9+ tas liability for one BCAM 4" Mostly Type here to search 3. Determine when each of the following must deposit its Form 911 tax liabilities a Quikstep, a monthly depositor, pays employees on Friday. The total 911 deposit ohlagation for wapen pad on April 20, 2018, 452,400 b Slowque, a monthly depositor, pays employees on Friday. Its total 941 deposit obligation for wages paid on September 7, 2018 4 82.000 BuTime, a semiweekly depositor, pays employees on Friday Big Time's 941 deponit obligation for wapes paid on Friday, July , 2018, is $12.400 d. Lopez Bros, a monthly depositor pays employees on the 15th and last day of the month Ita 941 deposit obligation for wapos paid on June 22, 2018, 112,400 Determine when each company must pay its 941 deposit shortfall to avoid penalties a Dallas DCS, a monthly depositor, discovers a 10% shortfall in its deposit of 941 liabilities for April 2016 b. Chic Shop, a monthly depositor, discovers a 1955 shortfall in its deposit of 941 abilities for October 2018 c Baby Bits, Inc., a semiweekly depositor, discovers a 0.6% shortfall in its deposit of 941 liabilities for August 2018 AN DE DATES M 3. What is the due date for a company's FUTA tax if its PUTA tax liability is # $755 as of March 31 6 3476 as of June 30 $960 as of September 30 d. 5200 as of December 31 e $620 as of December 31 4. What is the due date for filing the second quarter 941? 5. What types of taxes are reported on Form 9457 When is the 2018 Form 945 de 6. For tax year 2018, provide the date by which the W-2 is due to each of the following a. A current employee b. The Social Security Administration c. An employee whose last day of work was April 9, 2017 7. When is the tax year 2018 W-3 due for each of the following a Paper W2s filed with the SSA? W2s filed electronically c An employer with 300 employees? MASTERING PAYROLL For all exercises, assume the year is 2018 unless otherwise stated. Section 6-HOW EMPLOYERS WITHHOLD AND DEPOSIT FEDERAL TAXES 1. Don is paid $10,000 a month $5,000 on the 15th, and $5,000 on the last day of the month. As of October 31, 2018, Don's year-to-date FICA wages are $100.000 How much FICA must Don's employer withhold from his pay dated December 14, 2018? 3. Use the 2018 Payroll Tax Withholding Tables from IRS Pub. 15. Circular E (see Mastering Payroll, Section 6), compute FITW for the following: a. Sandy is married, claims 3 allowances on her W-4 and is paid $645 a wook b. Zhang is singie, claims 1 allowance on his W-4 and is paid $1,890 every 2 weeks Homework Exercises c. Sofia is single, claims 4 allowances on her W-4, and is paid $1,700 every 2 weeks. d. Carlo is married, claims 6 allowances on his W-4 and is paid $1,350 a week. e. Gene is single, claims zero allowances on his W-4 and is paid $659 every 2 weeks. 4. Which of the following employees is subject to FITW? to FICA? Answer 'yes' or 'no' in the spaces provided FITW FICA Mastering Payroll a Yes No b C. Dennis, a senior in high school is 17 years old and works part-time after school and on weekends for his father, a CPA whose practice as a sole proprietorship Evita. 15 years old, works part-time at her father's bakery which her father runs as a partnership with his cousin Yes Yes Patty, age 19, a full-time college student, les at home with Yes her parents and her disabled 10-year-old brother. Patty's parents pay her to take care of her brother. Debbie and Dave work full-time and pay Dave's mother, Tina, to come to their home and watch the grandchildren Yos after school e d. 5. When is an employer not required to deposit federal employment taxes electronically? 6. What is the Form 941 lookback period? To which employer tax liabilities does it apply? How is it used to determine an employer's deposit frequency in 2018? Homework Exercises Dewa Section -HOW EMPLOYEES WITHHOLD AND DEPOSIT FOKKAL TAXES 1. Denis pud 510.000 a month-S5.000 on the 16th, and 5,000 on the last day of the month. As of October 31, 2018 Don's year to date PICAS180,000 How ICA must Don's employer withhold from his paydated December 2018 2. As of Priday, July 20, 2018 Ray's year to date wagen chuting bore 3138300 How much ICA stay's employer withhold pay for the per day July 27, 2018 hilary w $2.000 at the 2016 Puyall Thx Witbling Tables from TRS Pale 11. Circular e Master Proll Section 6) pada PTW for the follow and is married claims 3 was her W-and is paid 5645 a week bangis nams 1 wees and is paid $800 wery week Bois is simple claims allowance her and paid $1,700 w weeks Carlos medios and is a 1,350 W e messages rences on hi W-land is de week Tin 5. When is an employer at required to deposit federal employment to electronically? 6 What is the Farm 41 lookback period? To which employer tax listas does it apply? How is twed to determine an employer's depoti frequency in 2018? 7. For each of the following scenarios below, determine whether the player is a monthly meekly or annual depositor for 2018 und check the upper genieba Semi weekly Monthly Annual AAA begins operation on March 1, 2018 and anticipates 2018 Form 941 tax liability of $5,000 BBB was started in 1992 For the lookback period ending June 30, 2017 BBR's cumulative tax liabilities were $18.000 CCC started up in 2005. For the lookback period ending June 30, 2017 CCC cumulative tax liabilities were $75,000 d DDD brain dong business in 2006. For the lookback period ending June 30, 2017 DDD's cumulative to Libilities were $45,000 DDDS9+ tas liability for one BCAM 4" Mostly Type here to search 3. Determine when each of the following must deposit its Form 911 tax liabilities a Quikstep, a monthly depositor, pays employees on Friday. The total 911 deposit ohlagation for wapen pad on April 20, 2018, 452,400 b Slowque, a monthly depositor, pays employees on Friday. Its total 941 deposit obligation for wages paid on September 7, 2018 4 82.000 BuTime, a semiweekly depositor, pays employees on Friday Big Time's 941 deponit obligation for wapes paid on Friday, July , 2018, is $12.400 d. Lopez Bros, a monthly depositor pays employees on the 15th and last day of the month Ita 941 deposit obligation for wapos paid on June 22, 2018, 112,400 Determine when each company must pay its 941 deposit shortfall to avoid penalties a Dallas DCS, a monthly depositor, discovers a 10% shortfall in its deposit of 941 liabilities for April 2016 b. Chic Shop, a monthly depositor, discovers a 1955 shortfall in its deposit of 941 abilities for October 2018 c Baby Bits, Inc., a semiweekly depositor, discovers a 0.6% shortfall in its deposit of 941 liabilities for August 2018 AN DE DATES M 3. What is the due date for a company's FUTA tax if its PUTA tax liability is # $755 as of March 31 6 3476 as of June 30 $960 as of September 30 d. 5200 as of December 31 e $620 as of December 31 4. What is the due date for filing the second quarter 941? 5. What types of taxes are reported on Form 9457 When is the 2018 Form 945 de 6. For tax year 2018, provide the date by which the W-2 is due to each of the following a. A current employee b. The Social Security Administration c. An employee whose last day of work was April 9, 2017 7. When is the tax year 2018 W-3 due for each of the following a Paper W2s filed with the SSA? W2s filed electronically c An employer with 300 employees? MASTERING PAYROLL For all exercises, assume the year is 2018 unless otherwise stated. Section 6-HOW EMPLOYERS WITHHOLD AND DEPOSIT FEDERAL TAXES 1. Don is paid $10,000 a month $5,000 on the 15th, and $5,000 on the last day of the month. As of October 31, 2018, Don's year-to-date FICA wages are $100.000 How much FICA must Don's employer withhold from his pay dated December 14, 2018? 3. Use the 2018 Payroll Tax Withholding Tables from IRS Pub. 15. Circular E (see Mastering Payroll, Section 6), compute FITW for the following: a. Sandy is married, claims 3 allowances on her W-4 and is paid $645 a wook b. Zhang is singie, claims 1 allowance on his W-4 and is paid $1,890 every 2 weeks Homework Exercises c. Sofia is single, claims 4 allowances on her W-4, and is paid $1,700 every 2 weeks. d. Carlo is married, claims 6 allowances on his W-4 and is paid $1,350 a week. e. Gene is single, claims zero allowances on his W-4 and is paid $659 every 2 weeks. 4. Which of the following employees is subject to FITW? to FICA? Answer 'yes' or 'no' in the spaces provided FITW FICA Mastering Payroll a Yes No b C. Dennis, a senior in high school is 17 years old and works part-time after school and on weekends for his father, a CPA whose practice as a sole proprietorship Evita. 15 years old, works part-time at her father's bakery which her father runs as a partnership with his cousin Yes Yes Patty, age 19, a full-time college student, les at home with Yes her parents and her disabled 10-year-old brother. Patty's parents pay her to take care of her brother. Debbie and Dave work full-time and pay Dave's mother, Tina, to come to their home and watch the grandchildren Yos after school e d. 5. When is an employer not required to deposit federal employment taxes electronically? 6. What is the Form 941 lookback period? To which employer tax liabilities does it apply? How is it used to determine an employer's deposit frequency in 2018? Homework Exercises