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Pardee Co. pays its employees each week. Its emplo...

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Pardee Co. pays its employees each week. Its employees? gross pay is subject to these taxes. Tax Rate Applied To FICA?Social Security 6.20 % First $102,000 FICA?Medicare 1.45 All gross pay FUTA 0.80 First $7,000 SUTA 2.15 First $7,000 -------------------------------------- The company is preparing its payroll calculations for the week ended August 25. Payroll records show the following information for the company's four employees: Current Week Name Gross Pay through 8/18 Gross Pay Income Tax Withholding Dahlia $100,500 $3,600 $450 Trey 31,850 1,275 140 Kiesha 6,260 1,440 173 Chee 1,000 400 36 1. Each employee's FICA withholdings for Social Security. 2. Each employee's FICA withholdings for Medicare. 3. Employer's FICA taxes for Social Security. 4. Employer's FICA taxes for Medicare. 5. Employer's FUTA taxes. 6. Employer's SUTA taxes. 7. Each employee's net (take home) pay. 8. Employer's total payroll-related expense for each employee.

 

Paper#3169 | Written in 18-Jul-2015

Price : $25
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