Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Marlene Grady and Pauline Monroe are partners engaged in operating The G&M Doll Shop, which has employed the following persons since the beginning of the
Marlene Grady and Pauline Monroe are partners engaged in operating The G&M Doll Shop, which has employed the following persons since the beginning of the year:
V Hoffman general office worker $ per month
A Drugan saleswoman $ per year
G Beiter stock clerk $ per week
S Egan deliveryman $ per week
B Lin cleaning and maintenance, parttime $ per week
Grady and Monroe are each paid a weekly salary allowance of $
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 for wages not in excess of $
Compute each of the following amounts based on the st weekly payroll period for the week ending October Round your intermediate calculations and final answers to the nearest cent. Use rounded answers in subsequent computations. If an amount is zero, enter
a Amount of FICA taxes OASDI and HI to be withheld from' the earnings of each per
b Amount of the employer's FICA taxes for the weekly payroll.
Taxable payroll
$
OASDI
$
$
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.
Step 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