Question
Marlene Grady and Pauline Monroe are partners engaged in operating The G&M Doll Shop, which has employed the following people 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 people since the beginning of the year.
V. Hoffman (general office worker). $1,700 per month
A. Drugan (salesperson). $15,000 per year
G. Beiter (stock clerk). $180 per week
S. Egan (delivery person) $220 per week
B. Lin (cleaning and maintenance, part-time). $160 per week
Grady and Monroe are each paid a weekly salary allowance of $950. 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 3.1% for wages not in excess of $8,100. Compute each of the following amounts based upon the 41st weekly payroll period for the week ending October 19, 201009:
a. Amount of FICA taxes (OASDI and HI) to be withheld from the earnings of each person. (Refer to Chapter 3.)
OASDI HI
M. Grady.. $______________ $______________
P. Monroe ______________ ______________
V. Hoffman. ______________ ______________
A. Dugan.. ______________ ______________
G. Beiter.. ______________ ______________
S. Egan.. ______________ ______________
B. Lin... ______________ ______________
b. Amount of the employers FICA taxes for the weekly payroll OASDI __________ HI ___________
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 employers payroll taxes for the weekly payroll $ ___________________
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