Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I have another set of problems for payroll accounting. Can this be done by 5:00 pm Central Standard Time Problems B 3-1B This bi weekly
I have another set of problems for payroll accounting. Can this be done by 5:00 pm Central Standard Time
Problems B 3-1B This bi weekly taxables wages for the employees of Ones Foods Follow: FICA TAXES Employee No. BiWeekly Taxable Wages OASDI 711 512 624 325 422 210 111 Jane Adams James Candy Roberta Guit Ken Harrison Harriet Lowland Ralph Ranger Rudy Sweat HI $631.24 892.20 499.75 1,250.00 1,600.00 975.00 819.45 TOTALS 3-2B a. During 2012, Matti Conners, president of Mafffert Co. was paid semimonthly salarty of $5,200.00 Compute the amount of FICA taxes that should be withheld from her: OASDI HI 9th paycheck b 22nd paycheck c. 24th paycheck 3-3B Eric Sherm Began working as a part-time waiter on April 1, 2012 at a restaurant. The cash tips of $475. that he received during April were reported on Form 4070, which he submitted to his employer on May 1. During May, he was paid wages of $630. by the restaurant. Compute: a. The amount of FICA taxes that the employer should withhold from Sherm's wages during May OASDI $ HI $ b. The amount of the employer's FICA taxes on Sherm's wages & Tips during May $ $ 3-6B Amanda Autry & Carley Wilson are partners in A&W, which employees the individuals listed Paychecks are distributed every Friday to all employees. Based on the information given, compute the amounts listed below Salary Kelly Simon $650 per week OASDI Table Earnings OASDI Tax Jim Tress May Aha 520. per week Amanda Autry 1900. per week Carley Wilson 1900. per week Employer's OASDI Tax Employer's HI Tax 3-8B 3450. per week $ $ George Parker was paid a salary of $74,700 during 2012 by Umberger Co. In addition, during the year, Parker started his own business as a public accountant & reported a bet business income of $38,900 on his income tax return for 2012. Compute the following: a. QASDI b. 3-16B The amount of FICA taxes that was withheld from his earnings during 2012 by Umberger Co. Parker's self-employment taxes on the income derived from the public accounting business 2012 HI Yelman Co. is a monthly depositor who tax liability for June 2012 is $3,930. 1. What is the due date for the deposit of these taxes? $ 2. Assume that no deposit was made until August 4. Compute the following penalties: a. Penalty for failure to make timely deposit $ c. Interest penalty imposed $ HI Taxable HI TaxStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started