Question
Smee and CO (EIN 35-4444444) has 3 employees during the 4th quarter. Everyone is paid weekly. Katia earns $25/hour and David earns $32/hour. They work
Smee and CO (EIN 35-4444444) has 3 employees during the 4th quarter. Everyone is paid weekly. Katia earns $25/hour and David earns $32/hour. They work 40 hours per week for 13 weeks in the quarter (assume Dec. has the 5th week). Jeremy is salaried and will have a gross pay of $3,720 this pay period. Each employee has worked the entire year with no changes in pay or payroll deductions. The following federal withholdings are deducted each pay. Assume no state or county withholdings for this part of the problem. Katia $ 75 David $ 110 Jeremey $ 335 The following additional
When determining line 5a column 1, how much Social Security taxable income did David earn?
When determining line 5a column 1, how much Social Security taxable income did Jeremy earn?
What is line 5c column 1 (taxable wages) for the 4th quarter on Form 941?
What was the tax liability for Month 1 on line 16 of Form 941?
*round to the nearest penny*
To determine the liability for Month 2 on line 16 of Form 941, how much Social Security tax is applied to Katina??
*round to the nearest penny*
To determine the liability for Month 2 on line 16 of Form 941, how much Social Security tax is applied to Jeremy?
*round to the nearest penny*
What was the tax liability for Month 3 on line 16 of Form 941?
*round to the nearest penny*
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