III eTextbook: Payroll Accounting 2020 Quick Tour Print Search Annotations Accessibility Bookmark 5-14B. LO 2, 3, 4 See Example 5-8 on page 5-15 Mary Givens and Peggy Moser are partners engaged in operating The G&M Doll Shop, which has employed the following persons since the beginning of the year: De year Tin oneralice work) W.Ashworth saleswoman) Ker stock con J. Vom (delivery 1. Anot cleaning and maintenance, part-time) 53.100 $30,000 5280 $350 20 per work Givens and Moser are each paid a weekly salary allowance of $1,000 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 3.25% for wages not in excess of $10,000. Compute each of the following amounts based upon the 41st weekly payroll period ending October 11: a. Amount of FICA taxes (OASDI and Hl) to be withheld from the earnings of each person. (Refer to Chapter 3.) : eTextbook: Payroll Accounting 2020 Quick Tour Print Search Annotations Accessibility Bookmark The company is subject to state contributions at a rate of 3.25% for wages not in excess of $10,000 Compute each of the following amounts based upon the 41st weekly payroll period ending October 11: a Amount of FICA taxes (OASDI and Hi) to be withheld from the earnings of each person (Refer to Chapter 3.) OASDI HI M. Givens P. Moser T. Binn W. Ashworth K Vern A Axel b. Amount of the employer's FICA taxes for the weekly payroll c. Amount of state unemployment contributions for the weekly payroll d. Amount of the net FUTA tax on the payroll $ e. Total amount of the employer's payroll taxes for the weekly payroll $