Use the following tax rates and taxable wage bases: Employees' and Employer's OASDIâ6.2% both on $118,500; HIâ1.45% for employees and employers on the total wages paid. Employees' Supplemental HI of 0.9% on wages in excess of $200,000 was not applicable.
During 2017, Amanda Hines, president of Dunne, Inc., was paid a semimonthly salary of $6,800. Determine the following amounts. Round your answers to the nearest cent. If your answer is zero, enter "0".
OASDI HI a. The amount of FICA taxes to withhold from her 9th pay is $ $ b. The amount of FICA taxes to withhold from her 18th pay is $ $ c. The amount of FICA taxes to withhold from her 24th pay is $ $
Use the following tax rates and taxable wage bases: Employees' and Employer's OASDIâ6.2% both on $118,500; HIâ1.45% for employees and employers on the total wages paid. Employees' Supplemental HI of 0.9% on wages in excess of $200,000 was not applicable.
During 2017, Amanda Hines, president of Dunne, Inc., was paid a semimonthly salary of $6,800. Determine the following amounts. Round your answers to the nearest cent. If your answer is zero, enter "0".
| OASDI | HI | |
| a. The amount of FICA taxes to withhold from her 9th pay is | $ | $ |
| b. The amount of FICA taxes to withhold from her 18th pay is | $ | $ |
| c. The amount of FICA taxes to withhold from her 24th pay is | $ | $ |
Related questions
Problem Information
Use the following tax rates and taxable wage bases: Employees' and Employer's OASDIâ6.2% both on $118,500; HIâ1.45% for employees and employers on the total wages paid. Employees' Supplemental HI of 0.9% on wages in excess of $200,000 was not applicable.
At Haddon, Inc., the office workers are employed for a 40-hour workweek and are paid on either an annual, monthly, or hourly basis. All office workers are entitled to overtime pay for all hours worked beyond 40 each workweek at 1.5 times the regular hourly rates.
Company records show the following information for the week ended December 26, 20--.
| Employee | Salary | Hrs. Worked | Cumulative Taxable Wages as of Last Pay Period (12/19/--) | ||||||||
| OFFICE | King, M. | $119,600.00 per year | 40 | $117,300.00 | |||||||
| Manera, E. | $6,500.00 per month | 40 | $76,500.00 | ||||||||
| Tate, S. | $3,900.00 per month | 48 | $45,900.00 | ||||||||
| Yee, L. | $12.50 per hour | 44.5 | $27,675.13 | ||||||||
| PLANT | Diaz, R. | $12.50 per hour | 48 | $14,778.96 | |||||||
| Zagst, J. | $14.50 per hour | 52 | $24,703.02 | ||||||||
On the form below, calculate for each worker: (a) regular earnings, (b) overtime earnings, (c) total regular and overtime earnings, (d) FICA taxable wages, (e) FICA taxes to be withheld, and (f) net pay for the week ended December 26, 20--. Assume that there are 52 weekly payrolls in 20--. Also, determine the total where indicated. Round your answers to the nearest cent and use those rounded amounts in subsequent calculations. If an amount box does not require an entry, leave it blank.
| Weekly Payroll for Period Ending December 26, 20-- | |||||||||||
| Employee | Salary | Hrs. Worked | Regular Earnings (A) | Overtime Earnings (B) | Total Reg. and O/T Earnings (C) | Cum. Taxable Wages as of Last Pay Period (12/19/--) | FICA Taxable Wages This Pay Period (D) | FICA Taxes to be Withheld (E) | Net Pay (F) | ||
| OASDI | HI | OASDI | HI | ||||||||
| OFFICE: King, M. | $119,600.00 per year | 40 | $ | $ | $ | $117,300.00 | $ | $ | $ | $ | $ |
| Manera, E. | $6,500.00 per mo. | 40 | $76,500.00 | ||||||||
| Tate, S. | $3,900.00 per mo. | 48 | $45,900.00 | ||||||||
| Yee, L. | $12.50 per hr. | 44.5 | $27,675.13 | ||||||||
| PLANT: Diaz, R. | $12.50 per hr. | 48 | $14,778.96 | ||||||||
| Zagst, J. | $14.50 per hr. | 52 | $24,703.02 | ||||||||
| Totals | .... | .... | $ | $ | $ | .... | $ | $ | $ | $ | $ |
Employer's FICA Taxes:
| OASDI: | $ |
| HI: | $ |
The form below shows the amounts that appear in the Earnings toDate column of the employees' earnings records for 10 full-time andpart-time workers in Unger Company. These amounts represent thecumulative earnings for each worker as of October 7, the company'slast payday. The form also gives the gross amount of earnings to bepaid each worker on the next payday, October 14.
In the state where Unger Company is located, the tax rates andbases are as follows:
| Tax on Employees: | ||
| FICAâOASDI | 6.2% on first $118,500 | |
| FICAâHI | 1.45% on total earnings | |
| SUTA | 0.5% on first $8,000 | |
| Tax on Employer: | ||
| FICAâOASDI | 6.2% on first $118,500 | |
| FICAâHI | 1.45% on total earnings | |
| FUTA | 0.6% on first $7,000 | |
| SUTA | 1.8% on first $8,000 | |
In the appropriate columns of the form shown below, do thefollowing:
1. Compute the amount to bewithheld from each employee's earnings on October 14 for (a)FICA-OASDI (b) FICA-HI, and (c) SUTA, and determine the totalemployee taxes.
2. Record the portion of eachemployee's earnings that is taxable under FICA, FUTA, and SUTA, andcalculate the total employer's payroll taxes on the October 14payroll.
If an amount box does not require an entry, leave it blank. Ifrequired, round your answers to the nearest cent. Enter the taxrates as decimals, carried out to four decimal places whenrequired.
| 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. 14 | OASDI | HI | SUTA | OASDI | HI | FUTA | SUTA | ||
| 1. Weiser, Robert A. | $118,790 | $1,790 | $ | $ | $ | $ | $ | $ | $ | ||
| 2. Stankard, Laurie C. | 14,950 | 295 | |||||||||
| 3. Grow, Joan L. | 4,060 | 240 | |||||||||
| 4. Rowe, Paul C. | 8,190 | 235 | |||||||||
| 5. McNamara, Joyce M. | 7,460 | 195 | |||||||||
| 6. O'Connor, Roger T. | 118,210 | 1,810 | |||||||||
| 7. Carson, Ronald B. | 8,905 | 280 | |||||||||
| 8. Kenny, Ginni C. | 4,325 | 175 | |||||||||
| 9. Devery, Virginia S. | 57,010 | 590 | |||||||||
| 10. Wilson, Joe W. | 3,615 | 205 | |||||||||
| Total employee taxes | $ | $ | $ | ||||||||
| Total taxable earnings | $ | $ | $ | $ | |||||||
| Applicable tax rate (enter as decimals, notpercentages) | |||||||||||
| Totals | $ | $ | $ | $ | |||||||
| Total payroll taxes | $ | ||||||||||
At Vision Club Company, office workers are employed for a40-hour workweek on either an annual or a monthly salary basis.
Given on the form below are the current annual and monthlysalary rates for five office workers for the week ended December14, 2018 (50th payday of the year). In addition, with this pay,these employees are paid their sliding-scale annual bonuses. Thebonuses are listed on the register.
For each worker, compute the following. Round your answers tothe nearest cent.
Regular earnings for the weekly payroll ended December 14,2018.
Overtime earnings (if applicable).
Total regular, overtime earnings, and bonus.
FICA taxable wages for this pay period.
FICA taxes to be withheld for this pay period.
| VISION CLUB COMPANY | |||||||||||||||
| Weekly Payroll for Period Ending December14, 2018 | |||||||||||||||
FICA Taxable Wages | FICA Taxes | ||||||||||||||
| Employee | Salary | Hours Worked | Annual Bonus | Regular Earnings | Overtime Earnings | Total Earnings | Cumulative Earnings as of Last Pay Period | OASDI | HI | OASDI | HI | ||||
| Marx, A. | $110,760/yr. | 40 | $48,200 | $ | $ | $104,370 | |||||||||
| Boxer, C. | 76,440/yr. | 40 | 23,400 | 72,030 | |||||||||||
| Lundy, R. | 5,356/mo. | 40 | 18,200 | 60,564 | |||||||||||
| Ruth, B. | 4,576/mo. | 40 | 11,800 | 51,744 | |||||||||||
| Gehrig, L. | 4,160/mo. | 48 | 6,200 | $ | 47,040 | ||||||||||
| Totals | $ | $ | $ | $ | $ | $ | $ | $ | |||||||
Employer's FICA taxes for week ended December 14, 2018:
| $ | $ | |
| OASDI | HI |
