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please explain where the hand written numbers came from and the computations done to arrive at those numbers Figure the employer's taxes/benefits on the December
please explain where the hand written numbers came from and the computations done to arrive at those numbers
Figure the employer's taxes/benefits on the December 23 payroll, remembering that some taxes have caps (maximum employee earnings to be taxed). Journalize the entry. Grant Oil Company Employer's Taxes on the Payroll For the Week Ending December 23 Taxes 0.6% 3.4% FICA FICA Federal State SS Medicare Total YTD Hours Hourly Gross Unemployment Unemployment Tax Retirement Employer Employee Earnings Worked Pay Rate Pay Tax - 6.2% 1.45% Fund Taxes Hiliard $ 127,100 44 salary $ 2,500.00 0 6 .20 36.25 ls 250 Renard s 6,550 415 105 415.00 2.49 14.11 | 25.73 25.73 6.02 IS 15.00 63.35 Yount $ 36,785 40 $ 18$ 720.000 44.641 10.414 S 25.00 80.08 Totals I x x x S 3,635.00 2.49 14.11 76.57 52.71 Is 85.00 230.86 1Step by Step Solution
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