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- During 2019, Matti Conner, president of Maggert Company, was paid a semimonthly salary of 6,000. Compute the amount of FICA taxes that should be withheld from her:Darrell is an employee of Whitneys. During the current year, Darrells salary is 136,000. Whitneys net self-employment income is also 136,000. Calculate the Social Security and self-employment taxes paid by Darrell and Whitney. Write a letter to Whitney in which you state how much she will have to pay in Social Security and self-employment taxes and why she owes those amounts.Patricia Strand’s regular hourly wage rate is $22, and she receives an hourly rate of $33 for work in excess of 40 hours. During a January pay period, Patricia works 48 hours. Patricia’s federal income tax withholding is $95.00, and she has no voluntary deductions. Assume that the FICA tax rate is 7.65%.Prepare the employer’s journal entries to record (a) Patricia’s pay for the period and (b) the payment of Patricia’s wages. Use January 15 for the end of the pay period and the payment date. (Round answers to 2 decimal places, e.g. 15.25. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit (a) Jan. 15 enter an account title to record Betsy's pay for the period on January 15 enter a debit amount enter a credit amount enter an account title to record Betsy's pay for the period on January 15 enter a debit amount enter a credit amount enter an…
- Helen Strand's regular hourly wage rate is $14, and she receives an hourly rate of $21 for work in excess of 40 hours. During a January pay period, Helen works 47 hours. Helen's federal income tax withholding is $86.00, and she has no voluntary deductions. Assume that the FICA tax rate is 7.65%. Prepare the employer's journal entries to record (a) Helen's pay for the period and (b) the payment of Helen's wages. Use January 15 for the end of the pay period and the payment date. (Round answers to 2 decimal places, e.g. 15.25. List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No. Date Account Titles and Explanation (a) (b) Jan. 15 Jan. 15 Debit CreditAmy’s regular hourly wage rate is $8, and she receives an hourly rate of $12 for work in excess of 40 hours. During a January pay period, Amy works 47 hours. Amy’s federal income tax withholding is $95, and she has no voluntary deductions. Use January 15 for the end of the pay period and the payment date. Prepare the journal entries to record (a) Amy’s pay for the period and (b) the payment of Amy’s wages.Mary Stine's regular hourly wage rate is $12, and she receives an hourly rate of $18 for work in excess of 40 hours. During a March pay period, Mary works 47 hours. Mary's federal income tax withholding is $70, and she has no voluntary deductions. Compute Mary Stine's gross earnings and net pay for the pay period.
- Jamie's regular hourly wage rate is $16, and she receives an hourly rate of $24 for work in excess of 40 hours. During a January pay period, Jamie works 45 hours. Jamie's federal income tax withholding is $98, and she has no voluntary deductions. Use January 15 for the end of the pay period and the payment date. Prepare the employer's journal entries to record (a) Jamie's pay for the period and (b) the payment of Jamie's wages. Assume that the FICA tax rate is 7.65%. (Round your answers to 2 decimal places, e.g. 15.25. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No. Date Account Titles and Explanation Debit Credit (a) Jan 15 (b) Jan. 15Elizabeth’s regular hourly wage rate is $22, and she receives an hourly rate of $33 for work in excess of 40 hours. During a January pay period, Elizabeth works 49 hours. Elizabeth’s federal income tax withholding is $97, and she has no voluntary deductions. Compute Elizabeth’s net pay for the pay period. Assume that the FICA tax rate is 7.65%.Coronado Corbin's regular hourly wage rate is $16, and she receives an hourly rate of $24 for work in excess of 40 hours. During a January pay period, Coronado works 50 hours. Coronado's federal income tax withholding is $96, she has no voluntary deductions, and the FICA tax rate is 7.65%. Compute Coronado Corbin's gross earnings and net pay for the pay period. (Round Intermediate calculation and final answers to 2 decimal places, eg. 15.25.) Gross earnings Net pay %24
- Elizabeth's regular hourly wage rate is $22, and she receives an hourly rate of $33 for work in excess of 40 hours. During a January pay period, Elizabeth works 49 hours. Elizabeth's federal income tax withholding is $97, and she has no voluntary deductions. Prepare the employer's journal entry to record payroll taxes for the period. Ignore unemployment taxes. Assume the FICA tax rate is 7.65%. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round the answers to 2 decimal places, eg. 15.25) Date Account Titles and Explanation Jan, 15 Payroll Tax Expense FICA Taxes Payable Debit 98.30 Credit 98.30Cindy Neuer's regular hourly wage rate is $17, and she receives an hourly rate of $23 for work in excess of 40 hours. During a January pay period, Cindy works 47 hours. Cindy's federal income tax withholding is $98, and she has no voluntary deductions. Compute Cindy Neuer's gross earnings and net pay for the pay period. 1) Gross Earnings 2) Net PayBetty Strand's regular hourly wage rate is $18, and she receives an hourly rate of $27 for work in excess of 40 hours. During a January pay period, Betty works 47 hours. Betty's federal income tax withholding is $98, and she has no voluntary deductions. Compute Betty Strand's gross earnings and net pay for the pay period. Assume that the FICA tax rate is 7.65%. (Round answers to 2 decimal places, e.g. 15.25.) Betty's gross earnings Betty's net pay $ $