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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. | $5,650.00 | $350.30 | $81.93 | $-11.30 |
Davis, L. | 5,100.00 | 316.20 | 73.95 | -148.80 |
Gordon, J. | 4,260.00 | 264.12 | 61.77 | -358.80 |
McBride, C. | 7,250.00 | 449.50 | 105.13 | 3,766.80 |
Taggert, L. | 6,650.00 | 412.30 | 96.43 | 3,316.80 |
Walton, N. | 8,000.00 | 496.00 | 116.00 | 4,329.30 |
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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