A b 3408 c 000 3408 68 refer to instruction 3 1 on

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a)b)34.08c) 0.0034.08
68.Refer to Instruction 3-1. On August 1, Huff (part-time waitress) reported on Form 4070 the cash tipsof $158.50 that she received in July. During August, Huff was paid wages of $550 by her employer.Determine:OASDIHIa)The amount of social security taxes that the employershould withhold from Huff's wages during August:____________________b)The amount of the employer's social security taxes onHuff's wages and tips during August:____________________
69.Refer to Instruction 3-1. In this pay, Moss Company deducted OASDI taxes of $5,276.24 and HItaxes of $1,233.95 from the $85,100.90 of taxable wages paid. What is Moss Company's portion of thesocial security taxes for:
a)OASDIb)HI
70.Refer to Instruction 3-1. Jax Company's (a monthly depositor) tax liability (amount withheld fromemployees' wages for federal income tax and FICA tax plus the company's portion of the FICA tax) forJuly was $1,210. No deposit was made by the company until August 24, 20--. Determine:a)The date by which the deposit should have been madeb)The penalty for failure to make timely depositc)The penalty for failure to fully pay tax when dued)The interest on taxes due and unpaid (assume a 3% interest rate)

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Term
Summer
Professor
N/A
Tags
Payroll Accounting, Taxes, Madrid Metro, Metropolitana di Napoli, Taxation in the United States, Federal Insurance Contributions Act tax

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