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help please!! Problem 9.3B Payroll expenses, withholdings, and taxes iG P2 GS P3 Fating Guides Ca, har four employees. FICA Social Security taues are 6.2%
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Problem 9.3B Payroll expenses, withholdings, and taxes iG P2 GS P3 Fating Guides Ca, har four employees. FICA Social Security taues are 6.2\% of the firs $137,700 paid to cach employee, and FICA Medicare tues art L.45s of zross pay. Alsa. for the firs $7,000 paid to each employec, the compary s FUTA taes are 0.6 and SUTA taxes are 5.4% The compary is preparing hs paproll calkulations for the week ended Sepember 30 . Payroll records show the following information for the company's fout employres. In addition wo gross puy, the company must pay 605 of the $50 per employte weeky health insurance; each employee poys the remaining 401. The cormpuny -also contribates an extra 5% of each emplayee 's gross pay (at no cost to employees) to a pension fund Required Conpute the fodoweiEg for the wrek ended Sepetmber 30 (round amousas to the nearest cent): 1. Each emigloyee F FCCA withboldings for Social Security. Compate the following for the week ended September 30 (round amouats to the nearest ceat): 1. Each employee's FICA witholdings for Social Security. 2. Each employte's FICA withboldings for Medicare. 3. Employer's FICA taxer fot Social Security. Ood dinds 4. Emploger's FICA tases for Medicare. 5. Employer's FUTA tates \begin{tabular}{l|l|l} 32 & thive \\ 33 & 6. Employer's SUTA taxes: \end{tabular} 7. Each emplowoc's net (takehome) pay. 8. Emplayer's tocal paytoll-selated expense for each employee. 40 41 42 43 4rob 9-38 Answer Rescty A Accessibility: Imvestigate 2. Each employee's FICA withholdings for Medicare (no limits) 2. Each employee's FICA withholdings for Medicare (no limits) 4. Employer's FICA taxes for Medicare \begin{tabular}{|r|c|c|c|c|} \hline Ahmed & Carlos & \multicolumn{1}{|c|}{ Jun } & Marie & Total \\ \hline$$$.$$. \\ \hline \end{tabular} 5. Employer's FUTA taxes 40 41 42 Maximum base \begin{tabular}{|c|c|c|c|c|} \hline Ahmed & Carlos & Jun & Marie & Total \\ \hline t \end{tabular} 43 Earned through 9/23 44 Amount under maxium $$$$ 45 Earned this week Subject to tax ? *tv (9) (9) S all osc n * n Cgb,23 1 2 3 \begin{tabular}{|l|l|l|l|} % & 1 & 8 & \\ 5 & 6 & 7 & 8 \end{tabular} tab W R 51 52 53 54 6. Employer's SUTA taxes 35 \begin{tabular}{|l|l|l|l|l|l|l|} \hline 56 & Ahmed & Carlos: lun & Marie & Total \\ \hline \end{tabular} 10 (8) 3 dtv (4) (9) 4 dil 7. Each Employee's net (take-home) pay 8. Employer's total payroll-related expense for each employee Problem 9.3B Payroll expenses, withholdings, and taxes iG P2 GS P3 Fating Guides Ca, har four employees. FICA Social Security taues are 6.2\% of the firs $137,700 paid to cach employee, and FICA Medicare tues art L.45s of zross pay. Alsa. for the firs $7,000 paid to each employec, the compary s FUTA taes are 0.6 and SUTA taxes are 5.4% The compary is preparing hs paproll calkulations for the week ended Sepember 30 . Payroll records show the following information for the company's fout employres. In addition wo gross puy, the company must pay 605 of the $50 per employte weeky health insurance; each employee poys the remaining 401. The cormpuny -also contribates an extra 5% of each emplayee 's gross pay (at no cost to employees) to a pension fund Required Conpute the fodoweiEg for the wrek ended Sepetmber 30 (round amousas to the nearest cent): 1. Each emigloyee F FCCA withboldings for Social Security. Compate the following for the week ended September 30 (round amouats to the nearest ceat): 1. Each employee's FICA witholdings for Social Security. 2. Each employte's FICA withboldings for Medicare. 3. Employer's FICA taxer fot Social Security. Ood dinds 4. Emploger's FICA tases for Medicare. 5. Employer's FUTA tates \begin{tabular}{l|l|l} 32 & thive \\ 33 & 6. Employer's SUTA taxes: \end{tabular} 7. Each emplowoc's net (takehome) pay. 8. Emplayer's tocal paytoll-selated expense for each employee. 40 41 42 43 4rob 9-38 Answer Rescty A Accessibility: Imvestigate 2. Each employee's FICA withholdings for Medicare (no limits) 2. Each employee's FICA withholdings for Medicare (no limits) 4. Employer's FICA taxes for Medicare \begin{tabular}{|r|c|c|c|c|} \hline Ahmed & Carlos & \multicolumn{1}{|c|}{ Jun } & Marie & Total \\ \hline$$$.$$. \\ \hline \end{tabular} 5. Employer's FUTA taxes 40 41 42 Maximum base \begin{tabular}{|c|c|c|c|c|} \hline Ahmed & Carlos & Jun & Marie & Total \\ \hline t \end{tabular} 43 Earned through 9/23 44 Amount under maxium $$$$ 45 Earned this week Subject to tax ? *tv (9) (9) S all osc n * n Cgb,23 1 2 3 \begin{tabular}{|l|l|l|l|} % & 1 & 8 & \\ 5 & 6 & 7 & 8 \end{tabular} tab W R 51 52 53 54 6. Employer's SUTA taxes 35 \begin{tabular}{|l|l|l|l|l|l|l|} \hline 56 & Ahmed & Carlos: lun & Marie & Total \\ \hline \end{tabular} 10 (8) 3 dtv (4) (9) 4 dil 7. Each Employee's net (take-home) pay 8. Employer's total payroll-related expense for each employee Step by Step Solution
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