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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 $ $ $ Weekly withholdings Federal withholding State withholding Disability Philo Kvetch 837.00 335.00 0.60 M. Bezzle 280.50 112.20 0.60 60 Calculate the total amount of social security tax withheld from M. Bezzle for the entire year (52 paychecks). 61 Calculate the total amount of social security tax withheld from Philo Kvetch for the entire year (52 paychecks). 62 Calculate the total amount of medicare tax withheld from Philo Kvetch for the entire year (52 paychecks)
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