Question
In preparing the payroll for the week of 17 June 20 - - Al Bundy was given the following: Social security = 6.2 % cap
In preparing the payroll for the week of 17 June 20 - - Al Bundy was given the following:
Social security = 6.2 % cap of $128,400
Medicare = 1.45% no cap
FUTA = 0.6 % cap $7000
SUTA = 5.4% cap $7000
Illinois state income tax = 5.0 % no cap
All employees pay health insurance of $15 per week
All employees pay dental insurance of $5 per week
Bud Bundy contributes $25 per week to US savings bonds
Federal withholding given at Peg = $41, Bud = $17 and Kelly = $10
Peg Bundy earned $359 and had a YTD income of $6895
Bud Bundy earned $250 and had a YTD income of $7500
Kelly Bundy earned $105 and had a YTD income of $128,375
Computer health insurance payable, dental insurance payable and contributions to US Saving Bonds payable for all employees for 17 June 20 - -
health insurance payable = $15, dental insurance payable = $5 and contributions to US Saving Bonds payable = $25
health insurance payable = $45, dental insurance payable = $15 and contributions to US Saving Bonds payable = $75
health insurance payable = $45, dental insurance payable = $15 and contributions to US Saving Bonds payable =$25
health insurance payable = $50, dental insurance payable = $50 and contributions to US Saving Bonds payable =$50
these cannot be computed
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