In 20-, the annual salaries paid to each of the officers of Perez, Inc., follow. The officers are paid semimonthly on the 15th and the last day of the month. Compu the FICA taxes to be withheld from each officer's pay on (a) November 15 and (b) December 31. If an amount is zero, enter "0". Enter all earnings and taxes to two decimal places. a. Name and Title Perez, Paul, President Donald, Donna, VP Finance Funke, Jack, VP Sales Weis, Al, VP Mfg. Lang, Hope, VP Personnel Lee, Amy, VP Secretary b. Name and Title Perez, Paul, President Donald, Donna, VP Finance Annual Salary 4 $186,000 162,000 76,800 92,400 78,000 52,800 Annual Salary $186,000 162,000 OASDI Taxable Earnings 17,300 X OASDI Taxable Earnings $ November 15 OASDI Tax OASDI Tax $ December 31 $ d $ HI Taxable Earnings HI Taxable Earnings $ $ HI Tax HI Tax

In 20-, the annual salaries paid to each of the officers of Perez, Inc., follow. The officers are paid semimonthly on the 15th and the last day of the month. Compu the FICA taxes to be withheld from each officer's pay on (a) November 15 and (b) December 31. If an amount is zero, enter "0". Enter all earnings and taxes to two decimal places. a. Name and Title Perez, Paul, President Donald, Donna, VP Finance Funke, Jack, VP Sales Weis, Al, VP Mfg. Lang, Hope, VP Personnel Lee, Amy, VP Secretary b. Name and Title Perez, Paul, President Donald, Donna, VP Finance Annual Salary 4 $186,000 162,000 76,800 92,400 78,000 52,800 Annual Salary $186,000 162,000 OASDI Taxable Earnings 17,300 X OASDI Taxable Earnings $ November 15 OASDI Tax OASDI Tax $ December 31 $ d $ HI Taxable Earnings HI Taxable Earnings $ $ HI Tax HI Tax

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter7: Employee Earnings And Deductions

Section: Chapter Questions

Problem 7E

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In 20-- the annual salaries paid each of the officers of Perez, Inc., follow. The officers are paid semimonthly on the 15th and the last day of the month. Compute the FICA taxes to be withheld from each officer's pay on (a) November 15 and (b) December 31. If an amount is zero, enter "0". Enter all earnings and taxes to two decimal places. a. November 15 OASDI Taxable HI Taxable Name and Title Annual Salary OASDI Tax HI Tax Earnings Earnings Perez, Paul, President $153,600 6,250 x $ 387.50 X $ 6,250| х $ 90.63 X Donald, Donna, VP Finance 134,400 5,375 x 333.25 Х 5,375 x 77.94 X Funke, Jack, VP Sales 76,800 3,200 v 198.40 V 3,200 v 46.40 V Weis, Al, VP Mfg. 92,400 3,850 V 238.70 V 3,850 V 55.83 V Lang, Hope, VP Personnel 78,000 3,250 V 201.50 V 3,250 V 47.13 v 2,200 v 136.40 V 2,200 V Lee, Amy, VP Secretary 52,800 31.90 b. December 31 OASDI Taxable HI Taxable Name and Title Annual Salary OASDI Tax HI Таx Earnings Earnings Perez, Paul, President $153,600 o v $ 6,250 x $ 90.63 X Donald,…
In 20-- the annual salaries paid each of the officers of Perez, Inc., follow. The officers are paid semimonthly on the 15th and the last day of the month. Compute the FICA taxes to be withheld from each officer's pay on (a) November 15 and (b) December 31. If an amount is zero, enter "0". Enter all earnings and taxes to two decimal places. a. November 15 OASDI Taxable HI Taxable Name and Title Annual Salary OASDI Tax HI Тах Earnings Earnings Perez, Paul, President $153,600 $ %24 Donald, Donna, VP Finance 134,400 Funke, Jack, VP Sales 76,800 Weis, Al, VP Mfg. 92,400 Lang, Hope, VP Personnel 78,000 Lee, Amy, VP Secretary 52,800 b. December 31 OASDI Taxable HI Таxable Name and Title Annual Salary OASDI Tax HI Tax Earnings Earnings Perez, Paul, President $153,600 Donald, Donna, VP Finance 134,400 Funke, Jack, VP Sales 76,800 Weis, Al, VP Mfg. 92,400 Lang, Hope, VP Personnel 78,000 Lee, Amy, VP Secretary 52,800
In 20--, the annual salaries paid each of the officers of Abrew, Inc., follow. The officers are paid semimonthly on the 15th and the last day of the month. Compute the FICA taxes to be withheld from each officer's pay on (a) November 15 and (b) December 31. Round your answers to the nearest cent. If an amount is zero, enter "0". a. November 15 Name and Title AnnualSalary OASDI TaxableEarnings OASDI Tax HI TaxableEarnings HI Tax Hanks, Timothy, President $152,280 $ $ $ $ Grath, John, VP Finance 137,400 James, Sally, VP Sales 68,400 Kimmel, Joan, VP Mfg. 55,200 Wie, Pam, VP Personnel 45,600 Grant, Mary, VP Secretary 37,200 b. December 31 Name and Title AnnualSalary OASDI TaxableEarnings OASDI Tax HI TaxableEarnings HI Tax Hanks, Timothy, President $152,280 $ $ $ $ Grath, John, VP Finance 137,400 James, Sally, VP Sales 68,400 Kimmel, Joan, VP Mfg. 55,200 Wie, Pam, VP Personnel 45,600…
In 20--, the annual salaries paid each of the officers of Abrew, Inc., follow. The officers are paid semimonthly on the 15th and the last day of the month. Compute the FICA taxes to be withheld from each officer's pay on (a) November 15 and (b) December 31. Round your answers to the nearest cent. If an amount is zero, enter "0". a. November 15 Name and Title AnnualSalary OASDI TaxableEarnings OASDI Tax HI TaxableEarnings HI Tax Hanks, Timothy, President $158,160 $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 $fill in the blank 4 Grath, John, VP Finance 138,240 fill in the blank 5 fill in the blank 6 fill in the blank 7 fill in the blank 8 James, Sally, VP Sales 74,400 fill in the blank 9 fill in the blank 10 fill in the blank 11 fill in the blank 12 Kimmel, Joan, VP Mfg. 52,800 fill in the blank 13 fill in the blank 14 fill in the blank 15 fill in the blank 16 Wie, Pam, VP Personnel 44,400 fill in the blank 17 fill in the blank 18 fill in the blank 19…
In 20--, the annual salaries paid each of the officers of Abrew, Inc., follow. The officers are paid semimonthly on the 15th and the last day of the month. Compute the FICA taxes to be withheld from each officer's pay on (a) November 15 and (b) December 31. Round your answers to the nearest cent. If an amount is zero, enter "0". a. November 15 Name and Title AnnualSalary OASDI TaxableEarnings OASDI Tax HI TaxableEarnings HI Tax Hanks, Timothy, President $156,000 $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 $fill in the blank 4 Grath, John, VP Finance 138,000 fill in the blank 5 fill in the blank 6 fill in the blank 7 fill in the blank 8 James, Sally, VP Sales 69,600 fill in the blank 9 fill in the blank 10 fill in the blank 11 fill in the blank 12 Kimmel, Joan, VP Mfg. 54,000 fill in the blank 13 fill in the blank 14 fill in the blank 15 fill in the blank 16 Wie, Pam, VP Personnel 51,600 fill in the blank 17 fill in the blank 18 fill in the blank 19…
In 20-- the annual salaries paid each of the officers of Abrew, Inc., follow. The officers are paid semimonthly on the 15th and the last day of the month. Compute the FICA taxes to be withheld from each officer’s pay on (a) November 15 and (b) December 31.
In 20--, the annual salaries paid each of the officers of Abrew, Inc., follow. The officers are paid semimonthly on the 15th and the last day of the month. Compute the FICA taxes to be withheld from each officer's pay on (a) November 15 and (b) December 31. Hanks, Timothy, President $168,000 $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 $fill in the blank 4 Grath, John, VP Finance 144,000 fill in the blank 5 fill in the blank 6 fill in the blank 7 fill in the blank 8 James, Sally, VP Sales 69,600 fill in the blank 9 fill in the blank 10 fill in the blank 11 fill in the blank 12 Kimmel, Joan, VP Mfg. 54,000 fill in the blank 13 fill in the blank 14 fill in the blank 15 fill in the blank 16 Wie, Pam, VP Personnel 51,600 fill in the blank 17 fill in the blank 18 fill in the blank 19 fill in the blank 20 Grant, Mary, VP Secretary 49,200 fill in the blank 21 fill in the blank 22 fill in the blank 23 fill in the blank 24 Banks, Timothy, President…
In 20-- the annual salaries paid each of the officers of Perez, Inc., follow. The officers are paid semimonthly on the 15th and the last day of the month. Compute the FICA taxes to be withheld from each officer's pay on (a) November 15 and (b) December 31. If an amount is zero, enter "0". Enter all earnings and taxes to two decimal places. a. November 15 Name and Title Annual Salary OASDI TaxableEarnings OASDI Tax HI TaxableEarnings HI Tax Perez, Paul, President $160,800 $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 $fill in the blank 4 Donald, Donna, VP Finance 141,600 fill in the blank 5 fill in the blank 6 fill in the blank 7 fill in the blank 8 Funke, Jack, VP Sales 76,800 fill in the blank 9 fill in the blank 10 fill in the blank 11 fill in the blank 12 Weis, Al, VP Mfg. 92,400 fill in the blank 13 fill in the blank 14 fill in the blank 15 fill in the blank 16 Lang, Hope, VP Personnel 78,000 fill in the blank 17 fill in the blank 18…
The employees of Ethereal Bank are paid on a semimonthly basis. All employees are single. Required: Compute the FICA taxes for the employees for the November 30 payroll. All employees have been employed for the entire calendar year. (Round "Social Security Tax" and "Medicare Tax" to 2 decimal places.) Employee R. Bellagio B. Khumalo S. Schriver K. Saetang T. Ahmed M. Petrova Semimonthly Salary $ $ $ $ $ $ 9,511 6,711 7,350 7,800 10,300 8,650 YTD Pay for November 15 Pay Date Social Security Tax for November 30 Pay Date Medicare Tax for November 30 Pay Date
During 20--, Rachael Parkins, president of Mathieson Company, was paid a semimonthly salary of $7,700. Compute the amount of FICA taxes that should be withheld from her. a. 9th paycheck b. 18th paycheck c. 24th paycheck d. If Rachael Parkin's year-to-date earnings as of her 24th paycheck are $184,800, and her year-end bonus is $100,000, how much is the additional 0.9% HI tax on all total earnings
During 20--, Amanda Hines, president of Dunne Company, was paid a semimonthly salary of $7,100. Compute the amount of FICA taxes that should be withheld from her. OASDI HI a. 9th paycheck b. 19th paycheck
During 20--, Matti Conner, president of Maggert Company, was paid a semimonthly salary of $7,800. Compute the amount of FICA taxes that should be withheld from her. Note that Matti files single on her tax return. If an amount is zero, enter "0". OASDI HI a. 9th paycheck $fill in the blank 1 $fill in the blank 2 b. 18th paycheck $fill in the blank 3 $fill in the blank 4 c. 24th paycheck $fill in the blank 5 $fill in the blank 6 d. If Matti Conner's year-to-date earnings as of her 24th paycheck are $187,200 and her year-end bonus is $100,000, how much is the additional 0.9% HI tax withheld?