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Chapter 3 A Problems Pg.1

Chapter 3 A Problems Pg.1 - DATE—55‘3“ NAME b03120...

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Unformatted text preview: DATE—55‘3“ NAME b03120 lawllnf Pyrqrwuyicql Problems A i. 3-'IA LO 3. The biweekly taxable wages for the employees of Rite-Shop Compute the FICA taxes for each employee and the employer’s follow. FICA taxes. Biweekly FICA Taxes Employee Taxable No. Employee Name Wages OASDI HI 711 Castro, Manny $ 493.28 $ 30‘ 58 $ 7 , '5 512 Corrales, Pat 870.00 53. 9 4 \1 . oz. 624 Guitar, Joseph 419.80 11> ' 03 (a ‘0‘} 325 Moore, Connie 523.20 '3 2 - 1+ LI» 7 , f? 422 Morrison, Harry 1,100.00 6 g .10 l 5 . q; 210 Robertson, Catherine 950.00 58.?0 1 3 .7 8 111 Swarez, Joseph 489.75 €13.36 "7. )3 Totals 59 300.95 $ 20.18 Employer’s OASDI $ Kl; g Ll‘l’ ‘ 03 $ 390 ' Ll 5 Total Taxable Employer’s OASDI Wages Tax Employer’s HI Tax $ Kl; 3"“? * a? $ 70 -1'7 Total Taxable Employer’s HI Wages Tax 3-2A LO 3. During 2010, Rachael Parkins, president of Mathieson Compute the amount of FICA taxes that should be withheld Company, was paid a semimonthly salary of $6,800. from her: OASDI HI «I. 9th paycheck $ 421.00 s CW. (no I}. 16th paycheck $ Q‘l'lx bro 35 («18.50 t. 24th paycheck $ 0 $ ‘3 J00 3-3A LO 3. Ernie Gilmore began working as a part-time waiter on June 1, mitted to his employer on July 1. During July, he was paid wages 2010, at Sporthouse Restaurant. The cash tips of $390 that he of $525 by the restaurant, Compute: received during June were reported on Form 4070, which he sub— OASDI HI (I. The amount of FICA taxes that the employer should withhold from Gilmore’s wages during July. $ S S \7 3 $ l 3) ‘ l 7 l). The amount of the employer’s FICA taxes on ' Gilmore’s wages and tips during July. 55 5 b . -l 3 $ l 3 \ 2-7 3-37 ...
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