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Grady and Monroe are each paid a weekly salary allowance of $1,900. The doll shop is located in a state that requires unemployment compensation contributions
Grady and Monroe are each paid a weekly salary allowance of $1,900. 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 $8,600. Compute each of the following amounts based on the 41st weekly payroll period for the week ending October 14, 20--. Round your intermediate calculations and final answers to the nearest cent. Use rounded answers in subsequent computations. If an amount is zero, enter "0". a. Amount of FICA taxes (OASDI and HI) to be withheld from the earnings of each person. Taxable Earnings $1,900.00 M. Grady P. Monroe V. Hoffman A. Drugan G. Beiter S. Egan B. Lin HI 1,900.00 623.08 423.08 179.00 220.00 Check My Work 160.00 OASDI 0 0 38.63 26.23 11.1 13.64 9.92 23.27 HI d. Amount of the net FUTA tax on the payroll. 0 0 9.03 6.13 b. Amount of the employer's FICA taxes for the weekly payroll. Taxable payroll 1,605.16 OASDI 99.52 2.6 3.19 2.32 c. Amount of state unemployment contributions for the weekly payroll. e. Total amount of the employer's payroll taxes for the weekly payroll.
Grady and Monobe are cath paid a webly swary alowance of st,900: wages too in excess of $5,600. Use rounded astwers in subsequent corroutations. Hf en amount is zero, enter " 0Step by Step Solution
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