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please I need help with this exam Pay 1. Calculate the amount of taxable earnings for unemployment and Social Security taxes. Cumulative Pay Current Taxable
please I need help with this exam
Pay 1. Calculate the amount of taxable earnings for unemployment and Social Security taxes. Cumulative Pay Current Taxable Earnings Before Current Gross Unemployment Social Employee Name Earings Compensation Security Carlosi, Peggy $ 84,240 $2,350 Sanchez, Carmela 81,900 2,100 Delaney, Roger 109,800 3,320 Weitz, Alana 6,300 1,100 Dunhill, Craig Bella, Stephen 6,800 42,330 1,000 1,850 2. Prepare the journal entry to record the employer's payroll taxes as of September 28, 20. If required, round your answers to the nearest cent. If an amount box does not require an entry, leave it blank. Page: 1 DATE DESCRIPTION DE DEBIT CREDIT 1 Sep. 28 Selected information from the payroll register of Barbara's Stables for the week ended September 28, 20-, is as follows: Social Security tax is 6.2% on the first $110,100 of earnings for each employee. Medicare tax is 1.45% of gross earnings, FUTA tax is 0.8%, and SUTA taxis 5.4 each on the first $7,000 of earnings. Taxable Earnings Unemployment Social Compensation Security Employee Name Carlosi, Peggy Sanchez, Carmela Delaney, Roger Weitz, Alana Dunhill, Craig Bella, Stephen Before Current Earnings $ 84,240 81,900 109.800 6,300 6,800 42,330 Gross Pay $2,350 2.100 3,320 1.100 1.000 1,850 Pay 1. Calculate the amount of taxable earnings for unemployment and Social Security taxes. Cumulative Pay Current Taxable Earnings Before Current Gross Unemployment Compensation Earnings Employee Name Carlosi, Peggy 52,350 $84.240 Sanchez, Carmela 81.900 2.100 3.320 Delaney, Roger 109.800 1.100 Weitz, Alana 6,300 1.000 Dunhill, Craig 1.850 Bella, Stephen
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