Addidas Co. pays $190 per month for Jay's insurance, $22 per month for his disability insurance, and contributes an equal amount to Jay's retirement account. Journalize Addidas Co.'s expenses for employee benefits.
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Addidas Co. pays $190 per month for Jay's insurance, $22 per month for his disability insurance, and contributes an equal amount to Jay's retirement account. Journalize Addidas Co.'s expenses for employee benefits.
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- Amanda Autry and Carley Wilson are partners in A W Gift Shop, which employs the individuals listed below. Paychecks are distributed every Friday to all employees. Based on the information given, compute the amounts listed below for a weekly payroll period. Employers OASDI Tax ________ Employers HI Tax ________Audrey Martin and Beth James are partners in the Country Gift Shop, which employs the individuals listed below. Paychecks are distributed every Friday to all employees. Based on the information given, compute the amounts listed below for a weekly payroll period. Employers OASDI Tax ________ Employers HI Tax ________Darrell is an employee of Whitneys. During the current year, Darrells salary is 136,000. Whitneys net self-employment income is also 136,000. Calculate the Social Security and self-employment taxes paid by Darrell and Whitney. Write a letter to Whitney in which you state how much she will have to pay in Social Security and self-employment taxes and why she owes those amounts.
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- Study the Employee Earnings Record for Jason C. Jenkins below. In addition to the amounts shown in the earnings record, the employer also paid all employee benefits plus (a) an amount equal to 7 percent of gross pay into Jenkins' pension retirement account, (b) dental insurance for Jenkins at a cost of $40 per month, and (c) parking of $35 per month. Compute the employer's total payroll expense for employee Jason C. Jenkins during 2018. Carry all amounts to the nearest cent. (Click the icon to see Jenkins earnings record.) Gross Pay Employer payroll expenses: CPP contributions El premiums Pension Dental insurance Parking Total payroll expenseJohn Doe is married and claims 3 withholding allowances. He collects overtime pay when he works over 40 hours a week. If his gross pay is $1,306.88, determine his weekly net earnings. Use the following deductions: FWT (Percentage Method), FICA 6.2%, Medicare 1.45%, SDI 1%, Health Insurance ($80/week), Union Dues ($4.50/week), and Trust Fund ($95/week). a.$819.32 B.$786.67 C.$768.31 D.$891.28Audrey Martin and Beth James are partners in the Country Gift Shop, which employs the individuals listed below. Paychecks are distributed every Friday to all employees. Based on the information given, compute the amounts listed below for a weekly payroll period. Hint: It is important to ascertain whether a person's wages are considered wages or drawings. If an amount is zero, enter "0". Round your answers to the nearest cent. OASDI Taxable Name and Position Zena Vertin, Office Nicole Norge, Sales Bob Mert, Delivery Audrey Martin, Partner Beth James, Partner Totals Employer's OASDI Tax Employer's HI Tax Salary $720 per week 1,410 per month 485 per week 465 per week 465 per week $ Earnings $ OASDI Tax HI Taxable Earnings $ HI Tax
- Find the amount of Social Security and Medicare for the current pay period Of the employee. G. Falk has a current gross earning of $952.41 oh, and he has a year-to-date earning of $109,504.33.Find the amount of Social Security and Medicare for the current pay period for the employee. Z. McCombs has a current gross earning of $3,246.33, and a year-to-date earning of $139,564.95.After evaluating the information provided by the employees of La Nueva Era bookstore: Determine the amounts that must be reported in the employees' W2.Calculate the Social Security and Medicare payment that the employer must make.Calculate the state unemployment that the employer must pay at the rate of 6% of the first $ 10,000 the employee earns.Make the entries to the wage related to the debts contracted with the different agencies in contributions by the employer. Employee Name Weekly salary Retirement payment Juan del Pueblo $1,250.00 $21.93 Ramonita Ramírez $950.00 $37.12 Brenda Montalvo $1,100.00 $88.00 Camilo Monge $590.00 $23.02 Jorge Emmanueli $860.00 $92.00 Mariel Estrada $1,020.00 $48.00 Emanuel Reyes $750.00 $25.60 Ernesto Ramírez $640.00 $26.40 Daniela Morales $1,000.00 $32.68 Ángel Carrasquillo $860.00 $68.80
