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The form below shows the amounts that appear in the Earnings to Date column of the employees' earnings records for 10 full- and part-time
The form below shows the amounts that appear in the Earnings to Date column of the employees' earnings records for 10 full- and part-time workers in Unger Company These amounts represent the cumulative earnings for each worker as of October 4, the company's last payday. The form also gives the gross amount of earnings to be paid each worker on the next payday, October 11. In the state where Unger-Company is located, the tax rates and bases are as follows: Tax on Employees: FICA-OASDI FICA-HI SUTA Tax on Employer: FICA-OASDI FICA-HI PUTA SUTA 6.2% on first $137,700 1.45% on total earnings 0.5% on first $8,000 6.2% on first $137,700 1.45% on total earnings 0.6% on first $7,000 1.8% on first $8,000 In the appropriate columns of the form shown below, do the following: 1. Compute the amount to be withheld from each employee's earnings on October 11 for (a) FICA-OASDI, (b) FICA-HI, and (c) SUTA, and determine the total employee taxes 2. Record the portion of each employee's earnings that is taxable under FICA, FUTA, and SUTA, and calculate the total employer's payroll taxes on the October 11 payroll.
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