Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

eBook Example 3.1 $32.57 Example 3-2 Walington Company has 100 employees, each earning $525.25 a week. DASDI Amount of OASDi tax withheld from each employee's

image text in transcribed
image text in transcribed
eBook Example 3.1 $32.57 Example 3-2 Walington Company has 100 employees, each earning $525.25 a week. DASDI Amount of OASDi tax withheld from each employee's paycheck each week: Total tax withheld from the 100 employees' wages: Tax on employer: HI Amount of HI tax withheld from each employee's paycheck each week: Total tax withheld from the 100 employees' wages is: Tax on employer $3,257.00 (6.29 X $525.25) ($32.57 X 100) (6.2% ($525.25 x 100)] $3,256.55 $7.62 $762.00 $761.61 (1.45% 5525.25) (57.62 x 100) [1.45% (5525.25 X 100) Empty Fields Company Days its salaried employees monthly on the last day of each month. The annual salary payroll for 20 follows Compute the following for the payroll of December 31: round your answers to the nearest cont. OASDI Taxable HI Taxable Employee Annual Salary OASDI Tax Wages HI Tax Wages Utley, Genna $26,400 Werth. Norm 44,400 Bass, John 30,000 Rute, Sam 138,100 20,400 Compton, Sun Williams, Mary Patel, Raymond 22,800 98,400 Check My Work more Check My Working All work saved Email instructor Save and it Submit Assignment for Grading HI $7.62 Amount of HI tax withheld from each employee's paycheck each week: Total tax withheld from the 100 employees' wages is: Tax on employer: $762.00 (1.45% x $525.25) ($7.62 x 100) 11.45% x (5525 25 X 100) $761.61 Empty Fields Company pays its salaried employees monthly on the last day of each month. The annual salary payroll for 20-- follows. Compute the following for the payroll of December 31; round your answers to the nearest cent. Employee Annual Salary OASDI Taxable Wages OASDI Tax HI Taxable Wages HI Tax Utley, Genna $26,400 Werth, Norm 44,400 Bass, John 30,000 Ruiz, Sam 138,100 20,400 Compton, Sue Williams, Mary Patel, Raymond 22,800 98,400 54,000 Carson, Abe Livinsky, Sarah Harper, Mark 39,600 54,000 DULCE Totais Employer's CASD Tax Employer's HI Tax Check My Work more Check My Works remaining Previous Next > All work saved Email instructor Save and Ex Submit Assignment for Gradine

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

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

Recommended Textbook for

Applying IFRS Standards

Authors: Ruth Picker, Kerry Clark, John Dunn, David Kolitz, Gilad Livne, Jance Loftus, Leo Van Der Tas

4th Edition

1119159229, 9781119159223

More Books

Students also viewed these Accounting questions

Question

b. Did you suppress any of your anger? Explain.

Answered: 1 week ago