Chapter 6 Homework
6-15a.
Employee | Earnings to date | Gross Earnings | FICA-OASDI | FICA-HI | SUTA | FICA-OASDI | FICA-HI | FUTA | SUTA | Weiser, R. | 109,790 | 790 | 13.02 | 11.45 | | 310 | 790 | | | Stankard, L. | 14,950 | 295 | 12.39 | 4.28 | | 295 | 295 | | | Grow, J. | 4,060 | 240 | 10.08 | 3.48 | 1.20 | 240 | 240 | 240 | 240 | Rowe, P. | 8,190 | 235 | 9.87 | 3.41 | | 235 | 235 | | | McNamara, J. | 7,460 | 195 | 8.19 | 2.83 | 0.98 | 195 | 195 | | | O'Conner, R. | 109,410 | 810 | 34.02 | 11.75 | | 120 | 810 | | | Carson, R. | 8,905 | 280 | 11.76 | 4.06 | | 280 | 280 | | | Kenny, G | 4,325 | 175 | 7.35 | 2.54 | 0.88 | 175 | 175 | 175 | 175 | Devery, V. | 57,010 | 590 | 24.78 | 8.56 | | 590 | 590 | | | Wilson, J. | 3,615 | 205 | 8.61 | 2.97 | 1.03 | 205 | 205 | 205 | 205 | Total employee tax | | | 140.07 | 55.33 | 4.09 | | | | | Total taxable earnings | | | | | | 2,645 | 3815 | 620 | 620 | Applicable tax rate | | | | | | 6.2% | 1.45% | 0.6% | 1.8% | Totals | | | | | | 163.99 | 55.32 | 3.72 | 11.16 | Total payroll Taxes | $234.19 | | | | | | | | |
6-16a.and 6-16b.
You just have to click on the icon and it will bring it up, so you can look at it plus grade it.
6-16c.
1. FICA taxes payable-OASDI $1,313.52 FICA taxes payable- HI $ 366.28 Employee FIT payable $1,087.00 total Liability $2,766.80
2. $736.57
3. 0
4. $656.19
5. $100.00
6. $107,815.00
7.$10,510.48
8. Vacation Benefits Expense 15,000.00 Vacation Benefits Payable