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The following is a summary of quarterly earnings of a company's employees. Determine the information requested for the employer's quarterly federal tax return. Round your
The following is a summary of quarterly earnings of a company's employees. Determine the information requested for the employer's quarterly federal tax return. Round your answers to the nearest cent.
Taxes Withheld | ||||
Name | Total Wages | Social Security | Medicare | Fed. Inc. Tax |
Carter, M. | $5,550.00 | $344.10 | $80.48 | $-36.30 |
Davis, L. | 5,040.00 | 312.48 | 73.08 | -163.80 |
Gordon, J. | 3,770.00 | 233.74 | 54.67 | -481.30 |
McBride, C. | 7,500.00 | 465.00 | 108.75 | 3,954.30 |
Taggert, L. | 6,750.00 | 418.50 | 97.88 | 3,391.80 |
Walton, N. | 7,600.00 | 471.20 | 110.20 | 4,029.30 |
Totals | $ | $ | $ | $ |
a. Total earnings paid | $ |
b. Federal income tax withheld | $ |
c. Total Social Security tax paid | $ |
d. Total Medicare tax paid | $ |
e. Total taxes withheld | $ |
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