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The form below shows the amounts that appear in the Earnings to Date column of the employees' earnings records for 1 0 full - and
The form below shows the amounts that appear in the Earnings to Date column of the employees' earnings records for full and parttime workers in Unger Company. These amounts represent the cumulative earnings for each worker as of October the company's last payday. The form also gives the gross amount of earnings to be paid to each worker on the next payday, October
In the state where Unger Company is located, the tax rates and bases are as follows:
Tax on Employees:
FICAOASDI on first $
FICAHI on total earnings
SUTA on first $
Tax on Employer:
FICAOASDI on first $
FICAHI on total earnings
FUTA on first $
SUTA on first $
This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.
Open spreadsheet
In the appropriate columns of the form shown below, do the following:
Compute the amount to be withheld from each employee's earnings on October for a FICAOASDIb FICAHI and c SUTA, and determine the total employee taxes.
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 payroll.
If an amount box does not require an entry, leave it blank. If required, round your answers to the nearest cent. Enter the tax rates as decimals, carried out to four decimal places when required.
UNGER COMPANY
Gross Taxes to Be Withheld from
Employees' Earnings Under Employer Taxes: Portion of Employees'
Earnings Taxable Under
Earnings to Earnings FICA FICA
Employee Date Oct. OASDI HI SUTA OASDI HI FUTA SUTA
Weiser, Roberta A $ $ $fill in the blank
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Stankard, Laurie C fill in the blank
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Grow, Joan L fill in the blank
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Rowe, Paul C fill in the blank
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McNamara, Joyce M fill in the blank
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O'Connor, Roger T fill in the blank
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Carson, Ronald B fill in the blank
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Kenny, Ginni C fill in the blank
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Devery, Virginia S fill in the blank
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Wilson, Joe W fill in the blank
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Total employee taxes $fill in the blank
$fill in the blank
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Total taxable earnings $fill in the blank
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$fill in the blank
Applicable tax rate enter as decimals, not percentages fill in the blank
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Totals $fill in the blank
$fill in the blank
$fill in the blank
$fill in the blank
Total payroll taxes $fill in the blank
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