Lashundra Jones_AC122_Unit 6_Assignment_05-14A(1)

Lashundra Jones_AC122_Unit 6_Assignment_05-14A(1) -...

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Name: Enter the appropriate numbers/formulas in the shaded (gray) cells, or select from the drop-down list. An asterisk (*) will appear to the right of an incorrect answer. 5-14A (a) Taxable OASDI HI Earnings (6.2%) (1.45%) M. Grady $- $- $- P. Monroe - - - V. Hoffman 392.31 24.32 5.69 A. Drugan 288.46 17.88 4.18 G. Beiter 180.00 11.16 2.61 S. Egan 220.00 13.64 3.19 B. Lin 160.00 9.92 2.32 (b) Taxable Tax Earnings x Rate = Tax Employer's OASDI tax
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Unformatted text preview: $1,240.77 0.062 $76.93 Employer's HI tax $1,240.77 0.0145 17.99 Total FICA $94.92 (c) Taxable Tax Taxable earnings: Earnings x Rate = SUTA Tax G. Beiter $180.00 B. Lin 160.00 Total $340.00 0.031 $10.54 (d) Taxable Tax Taxable earnings: Earnings x Rate = Net FUTA B. Lin $160.00 0.008 $1.28 (e) Total employer payroll taxes: FICA $94.92 SUTA 10.54 Net FUTA 1.28 Total payroll taxes $106.74...
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Lashundra Jones_AC122_Unit 6_Assignment_05-14A(1) -...

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