Question
Grady and Monroe are each paid a weekly salary allowance of $1,850. The doll shop is located in a state that requires unemployment compensation contributions
Grady and Monroe are each paid a weekly salary allowance of $1,850.
The doll shop is located in a state that requires unemployment compensation contributions of employers of one or more individuals. The company is subject to state contributions at a rate of 3.1% for wages not in excess of $8,500.
Compute each of the following amounts based upon the 41st weekly payroll period for the week ending October 11. Round your intermediate calculations and final answers to the nearest cent. Use rounded answers in subsequent computations. If an amount is zero, enter "0".
Marlene Grady and Pauline Monroe are partners engaged in operating The G&M Doll Shop, which has employed the following persons since the beginning of the year: V. Hoffman (general office worker) $2,100 A. Drugan (saleswoman) $21,000 G. Beiter (stock clerk) $175 S. Egan (deliveryman) $220 B. Lin (cleaning and maintenance, part-time) $165 Grady and Monroe are each paid a weekly salary allowance of $1,850. per month per year per week per week per week The doll shop is located in a state that requires unemployment compensation contributions of employers of one or more individuals. The company is subject to state contributions at a rate of 3.1% for wages not in excess of $8,500. Compute each of the following amounts based upon the 41st weekly payroll period for the week ending October 11. Round your intermediate calculations and final answers to the nearest cent. Use rounded answers in subsequent computations. If an amount is zero, enter "o". a. Amount of FICA taxes (OASDI and HI) to be withheld from the earnings of each person. Taxable Earnings OASDI M. Grady $1,850.00 $ P. Monroe 1,850.00 V. Hoffman 484.62 A. Drugan 403.85 175.00 G. Beiter S. Egan 220.00 B. Lin 165.00 b. Amount of the employer's FICA taxes for the weekly payroll. Taxable payroll OASDI c. Amount of state unemployment contributions for the weekly payroll. d. Amount of the net FUTA tax on the payroll. e. Total amount of the employer's payroll taxes for the weekly payroll. Check My Work All work saved. Save and Exit Submit Assignment for Grading (52) "Washed-Up": Why Your Fav X C Marlene Grady And Pauline Mon X (52) The Greatest Counter PL + com/ilm/takeAssignment/take AssignmentMain.do?invoker=8.takeAssignmentSessionLocator=&inprogress=false mployment eBook ry Calculator compare The doll shop is located in a state that requires unemployment compensation contributions of employers of o Compute each of the following amounts based upon the 41st weekly payroll period for the week ending Octot a. Amount of FICA taxes (OASDI and HI) to be withheld from the earnings of each person. Taxable Earnings $1,850.00 OASDI M. Grady P. Monroe 1,850.00 V. Hoffman 484.62 A. Drugan 403.85 G. Beiter 175.00 S. Egan 220.00 B. Lin 165.00 b. Amount of the employer's FICA taxes for the weekly payroll. Taxable payroll OASDI HI C. Amount of state unemployment contributions for the weekly payroll. d. Amount of the net FUTA tax on the payroll. e. Total amount of the employer's payroll taxes for the weekly payroll Check My Work ns search o n x (52) The Greatest Counter P x Wilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false loyment eBook Calculator 2. Kresloff Company has only two employees and is located in a state that has set an unemployment tax for th first $12,000 of each employee's earnings. Both employees are paid the same amount each week (5900) an week's pay. The unemployment taxes that the company must pay for this week's pay would be $48. FUTA tax (both over $7,000) = $0.00 SUTA tax ($1,000 X 0.048) = $48.00 ($500 of each employee's pay is under the state taxable limit of $12,000) Marlene Grady and Pauline Monroe are partners engaged in operating The G&M Doll Shop, which has employed the follo per month per year V. Hoffman (general office worker) $2,100 A. Drugan (saleswoman) $21,000 G. Beiter (stock clerk) $175 S. Egan (deliveryman) $220 B. Lin (cleaning and maintenance, part-time) $165 Grady and Monroe are each paid a weekly salary allowance of $1,850. per week per week per week The doll shop is located in a state that requires unemployment compensation contributions of employers of one or more ind Compute each of the following amounts based upon the 41st weekly payroll period for the week ending October 11. Round a. Amount of FICA taxes (OASDI and HI) to be withheld from the earnings of each person. Taxable Earnings OASDI M. Grady $1,850.00 $ P. Monroe 1,850.00 V. Hoffman 484.62 A. Drugan 403.85 175.00 G. Beiter S. Egan 220.00 Check My Work All wor Marlene Grady and Pauline Monroe are partners engaged in operating The G&M Doll Shop, which has employed the following persons since the beginning of the year: V. Hoffman (general office worker) $2,100 A. Drugan (saleswoman) $21,000 G. Beiter (stock clerk) $175 S. Egan (deliveryman) $220 B. Lin (cleaning and maintenance, part-time) $165 Grady and Monroe are each paid a weekly salary allowance of $1,850. per month per year per week per week per week The doll shop is located in a state that requires unemployment compensation contributions of employers of one or more individuals. The company is subject to state contributions at a rate of 3.1% for wages not in excess of $8,500. Compute each of the following amounts based upon the 41st weekly payroll period for the week ending October 11. Round your intermediate calculations and final answers to the nearest cent. Use rounded answers in subsequent computations. If an amount is zero, enter "o". a. Amount of FICA taxes (OASDI and HI) to be withheld from the earnings of each person. Taxable Earnings OASDI M. Grady $1,850.00 $ P. Monroe 1,850.00 V. Hoffman 484.62 A. Drugan 403.85 175.00 G. Beiter S. Egan 220.00 B. Lin 165.00 b. Amount of the employer's FICA taxes for the weekly payroll. Taxable payroll OASDI c. Amount of state unemployment contributions for the weekly payroll. d. Amount of the net FUTA tax on the payroll. e. Total amount of the employer's payroll taxes for the weekly payroll. Check My Work All work saved. Save and Exit Submit Assignment for Grading (52) "Washed-Up": Why Your Fav X C Marlene Grady And Pauline Mon X (52) The Greatest Counter PL + com/ilm/takeAssignment/take AssignmentMain.do?invoker=8.takeAssignmentSessionLocator=&inprogress=false mployment eBook ry Calculator compare The doll shop is located in a state that requires unemployment compensation contributions of employers of o Compute each of the following amounts based upon the 41st weekly payroll period for the week ending Octot a. Amount of FICA taxes (OASDI and HI) to be withheld from the earnings of each person. Taxable Earnings $1,850.00 OASDI M. Grady P. Monroe 1,850.00 V. Hoffman 484.62 A. Drugan 403.85 G. Beiter 175.00 S. Egan 220.00 B. Lin 165.00 b. Amount of the employer's FICA taxes for the weekly payroll. Taxable payroll OASDI HI C. Amount of state unemployment contributions for the weekly payroll. d. Amount of the net FUTA tax on the payroll. e. Total amount of the employer's payroll taxes for the weekly payroll Check My Work ns search o n x (52) The Greatest Counter P x Wilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false loyment eBook Calculator 2. Kresloff Company has only two employees and is located in a state that has set an unemployment tax for th first $12,000 of each employee's earnings. Both employees are paid the same amount each week (5900) an week's pay. The unemployment taxes that the company must pay for this week's pay would be $48. FUTA tax (both over $7,000) = $0.00 SUTA tax ($1,000 X 0.048) = $48.00 ($500 of each employee's pay is under the state taxable limit of $12,000) Marlene Grady and Pauline Monroe are partners engaged in operating The G&M Doll Shop, which has employed the follo per month per year V. Hoffman (general office worker) $2,100 A. Drugan (saleswoman) $21,000 G. Beiter (stock clerk) $175 S. Egan (deliveryman) $220 B. Lin (cleaning and maintenance, part-time) $165 Grady and Monroe are each paid a weekly salary allowance of $1,850. per week per week per week The doll shop is located in a state that requires unemployment compensation contributions of employers of one or more ind Compute each of the following amounts based upon the 41st weekly payroll period for the week ending October 11. Round a. Amount of FICA taxes (OASDI and HI) to be withheld from the earnings of each person. Taxable Earnings OASDI M. Grady $1,850.00 $ P. Monroe 1,850.00 V. Hoffman 484.62 A. Drugan 403.85 175.00 G. Beiter S. Egan 220.00 Check My Work All wor
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