Acct 2301 Chap 11 excel

Acct 2301 Chap 11 excel - Given Data Chap 11 and Appendix d...

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Given Data Chap 11 and Appendix d PALOMA CO. Tax Rate Applied to FICA-Social Security 6.20% First $94,200 FICA-Medicare 1.45% Gross pay FUTA 0.80% First 7,000 SUTA 2.15% First 7,000 Gross Pay Current Week through Gross WH Name 8/18 Pay Tax Dahlia $93,400 $2,800 $284 Trey 31,700 1,000 145 Kiesha 6,850 550 39 Chee 1,250 500 30 Weekly health insurance premium $34 Percentage of gross earnings contributed by employer to pension fund 8% Check figures: (1) Total Social Sec $176.70 (2) Total Medicare 70.33 (3) Total Futa Tax 5.20 Paloma Co pays its employees each week. Its employees’ gross pay is subject to taxes as given in the problem The company is preparing its payroll calculations for the week ended Augsut 25. Payroll records are given in th In addition to gross pay, the company must pay one-half (½) of the $34 employee weekly health insurance, eac The company also contributes an extra 8 % of each employee’s gross pay (at not cost to the employee) to a pe Compute the following for the week ended August 25 (round amounts to the nearest cent)
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Acct 2301 Chap 11 excel - Given Data Chap 11 and Appendix d...

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