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Problem #6 Two Books Accounting Services has four employees who, in 2021, are paid weekly as follows: Gross pay Philo Kvetch 4,650.00 M. Bezzle 2,550.00
Problem #6 Two Books Accounting Services has four employees who, in 2021, are paid weekly as follows: Gross pay Philo Kvetch 4,650.00 M. Bezzle 2,550.00 Danny Dweeb 700.00 Dicky Debit 500.00 The company is responsible to pay or collect (PFL) the following payroll taxes: $ Social security Medicare Federal Unemployment State unemployment Paid Family Leave (not an expense) Rate 6.20% 1.45% 0.60% 4.50% 0.511% Ceiling 142,800 Gross pay none 7,000 Gross pay 11,800 Gross pay 385.34 Tax per year $ $ $ Assuming there are 13 payrolls in 1st quarter of 2021 calculate: 52 The company's social security expense for the 1st quarter of 2021 53 The company's medicare expense for the 1st quarter of 2021 54 The company's federal unemployment expense for 1st quarter of 2021 55 The company's state unemployment expense for 1st quarter of 2021
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