AC122_Unit 6 - An asterisk (*) will appear to the right of...

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Name: Enter the appropriate numbers/formulas in the shaded (gray) cells. An asterisk (*) will appear to the right of an incorrect answer. 5-2A Total payroll $737,910 Less: Wages paid in excess of $7,000 472,120 Earnings subject to FUTA and SUTA $265,790 Taxable Tax Earnings x Rate = Tax (a) Net FUTA tax $265,790 0.008 $2,126.32 (b) Net SUTA tax 265,790 0.029 7,707.91 (c) Total unemployment taxes $9,834.23
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Name: Enter the appropriate numbers/formulas in the shaded (gray) cells. An asterisk (*) will appear to the right of an incorrect answer. 5-4A Taxable Tax Earnings x Rate = Tax $18,000 4% $720.00 (b) SUTA taxes paid to Indiana $24,000 0.0265 $636.00 $79,000 0.029 $2,291.00 $103,500 0.008 $828.00 (a) SUTA taxes paid to Illinois (c) SUTA taxes paid to Ohio (d) FUTA taxes paid
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Unformatted text preview: 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 $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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AC122_Unit 6 - An asterisk (*) will appear to the right of...

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