Chapter 6 Homework Page 2

Chapter 6 Homework Page 2 - DATEMLW NAME Dustm lowlee"...

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Unformatted text preview: DATEMLW NAME Dustm lowlee" Bret! s timl Parable m s A Omit the writing of aprnatt’om for tbejoumal mn'ies. 6'1A LO 2. Carson Holiday has a federal tax levy of$4,119.90 against him. If Holiday is married with three personal exemptions and had a S’Wnclcvq} Aeiowbiivm r ”midi” take—home pay of $1,020.00 this week, how much would his employer take from his pay to satisfy part of the tax levy? $] 1) L0 . 00 9. K it 101350 I 0(th o 5 //’3§%/: S7“: &Lilq-8\ 7:1 . ,_ ‘ 4 5q o. H 6-2A l0 2. Kalen O'Brien earned $730 this week. The deductions from her Credit union contribution $35.00 pay were as follows: United Fund contribution 5.00 FIT $7600 O’Brien’s employer just received a garnishment order (credit card FICA—OASDI 45-26 debt of $3,500) against her pay. Compute the following: FICA—HI 10.59 State income tax 36:50 (I. O’Brien’s disposable earnings ......................... $ 58?)! N State disability insurance 8.61 b. The amount of her pay subject to the lie Health insurance premium 19.50 garnishment ................................................... $ l3?) ‘ 6-3A LO 3. (I. Cal Ruther, an employer, is subject to FICA taxes but exempt from FUTA and SUTA taxes. During the last quarter of the year, his employees earned monthly wages of $8,500, all of which is taxable. The amount of federal income taxes Withheld each month is $1,040. Journalize the payment of wages, and record the payroll tax on November 30. JOURNAL ‘ rice Tam 93mm“ 501 FLCH Toe)“; (GawaplC—z HI POST. REF. DEBIT CREDIT {m‘lo‘ilfiy (”IT Gandhi?“ Fun Two; (mask, a an»: Flm Taxes i’mabh “H l 6-35 ...
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