Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i want to know last two table 7&8 health insurance and net pay health insurance and pension and how to caculate it thank you Paloma

i want to know last two table 7&8
health insurance and net pay
health insurance and pension and how to caculate it
thank you
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Paloma Company has four employees. FiCA Social Security taxes are 6.2% of the first $137,700 paid to each employee, and FiCA Medicare taxes are 1.45% of gross pay. Also, for the first $7,000 paid to each employee, the company's FUTA taxes are 0.6% and SUTA taxes are 5.4%. The company is preparing its payroll calculations for the week ended August 25 . Payroll records show the I' audition to gross pay, the company must pay one-half of the $102 per employee weekly health insurance; each employee pays th fund. Required: Compute the following for the week ended August 25. (Round your intermediate calculatioyis and final answers to 2 decimal places.): 2) Employees' FICA Whthholdings for Modicare Rrev 13 of 20 Next > 4) Employer's FICA Taxes for Modicaro

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Step: 3

blur-text-image

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

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav

14th Edition

978-0132960649, 132960648, 132109174, 978-0132109178

More Books

Students also viewed these Accounting questions