Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hi, I'm needing help figuring the answer to Virgina Russel December 4th payroll. And also to Joseph O Neil payroll. For 2020 payroll accounting. Joseph

Hi, I'm needing help figuring the answer to Virgina Russel December 4th payroll. And also to Joseph O Neil payroll. For 2020 payroll accounting.

Joseph O Neil received a bonus of 85,000, increased his simple deduction to 4000.00 and has wages of 2307.69. what is the FIT calculations for payroll ending in December 12th.

Also, Virginia Virginia Russell passed away has on December 10th. I'm needing help to figure her FICA for pay period 12/4 and 12/14.

I had her FICA on 12/4 as 0 but, not sure how to calculate her FICA for 12/14

on 12/4 she had gross income of 1260.00 with 2 allowances and marital status is single. on 12/14 she had 2394.00 with w/h 2 and marital status S which includes 1134. for the work week ending December 5 and 12. plus vacation pay 1260.00.


Step by Step Solution

There are 3 Steps involved in it

Step: 1

Joseph O Neils FIT calculation for December 12th would be Gross Wages 230769 Bonus 85000 Si... 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_2

Step: 3

blur-text-image_3

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

Personal Finance

Authors: Jeff Madura, Hardeep Singh Gill

4th Canadian edition

134724712, 134724713, 9780134779782 , 978-0134724713

More Books

Students also viewed these Accounting questions

Question

What other factors are home prices dependent on?

Answered: 1 week ago