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- Audrey Martin and Beth James are partners in the Country Gift Shop, which employs the individuals listed below. Paychecks are distributed every Friday to all employees. Based on the information given, compute the amounts listed below for a weekly payroll period. Employers OASDI Tax ________ Employers HI Tax ________3. Suppose that an entry level policeman has a basic salary of P33,575 per month. He has to pay monthly P2,560.50 for income tax, P1,175.13 for Philhealth, P671.50 for Pag-ibig and P3,021.75 for GSIS contributions. What is the monthly net income of the policeman?An Ontario employee is paid on a bi-weekly pay schedule. His Gross Earnings for this pay cycle is $2,346.52, CPP contribution is $125.35, EI contribution is $36.37, Federal taxes are $309.25 and Ontario taxes are $158.45. Received a family support court order for $4,500. Calculate the amount to be withheld from employee’s payroll on this pay cycle? 2,250 900 4,500 343.42 858.55
- After evaluating the information provided by the employees of La Nueva Era bookstore: Determine the amounts that must be reported in the employees' W2.Calculate the Social Security and Medicare payment that the employer must make.Calculate the state unemployment that the employer must pay at the rate of 6% of the first $ 10,000 the employee earns.Make the entries to the wage related to the debts contracted with the different agencies in contributions by the employer. Employee Name Weekly salary Retirement payment Juan del Pueblo $1,250.00 $21.93 Ramonita Ramírez $950.00 $37.12 Brenda Montalvo $1,100.00 $88.00 Camilo Monge $590.00 $23.02 Jorge Emmanueli $860.00 $92.00 Mariel Estrada $1,020.00 $48.00 Emanuel Reyes $750.00 $25.60 Ernesto Ramírez $640.00 $26.40 Daniela Morales $1,000.00 $32.68 Ángel Carrasquillo $860.00 $68.80Can I do a general journal entry on this scenario, if so how do i do it? Master Flow’s first employee, Emma Stone starts at the Company. She will be responsible for Warehouse Management. She will be paid $20 / Hour. Emma works 30 Hours / Pay Period (every two weeks). The pay period ends on 12-31-20. Emma’s Federal Tax Withholding is $50, based on her W4, and all other standard payroll taxes apply at their appropriate rates. She does not receive benefits and does not have any contributions of any type withheld from her pay.An employee receives an hourly rate of $32.00, with time and a half for all hours worked in excess of 40 during a week. Payroll data for the current week are as follows: hours worked, 45; federal income tax withheld, $325.00; social security tax rate, 6.0%; and Medicare tax rate, 1.5% on all earnings. What is the net amount to be paid to the employee? Select the correct answer. $1,001.00 $1,081.00 $1,115.00 $1,520.00
- Maze Company has one employee that is paid $1,000 weekly. All of the employee's wages are subject to social security and Medicare taxes. Federal and state income tax withholding on the employee's pay are $100 and $40, respectively. Federal and state unemployment taxes amount to $8 and $56, respectively. What is the employer's weekly payroll tax expense? Group of answer choices $1,280.50 $280.50 $140.50 $1,000.00Audrey Martin and Beth James are partners in the Country Gift Shop, which employs the individuals listed below. Paychecks are distributed every Friday to all employees. Based on the information given, compute the amounts listed below for a weekly payroll period. Hint: It is important to ascertain whether a person's wages are considered wages or drawings. If an amount is zero, enter "0". Round your answers to the nearest cent. OASDI Taxable Name and Position Zena Vertin, Office Nicole Norge, Sales Bob Mert, Delivery Audrey Martin, Partner Beth James, Partner Totals Employer's OASDI Tax Employer's HI Tax Salary $720 per week 1,410 per month 485 per week 465 per week 465 per week $ Earnings $ OASDI Tax HI Taxable Earnings $ HI Tax5. A minimum wage earner in Metro Manila is paid P537.00 for an 8-hour workday. If he works for 22 days in one month, then he will have a monthly gross income of P537.00 x 22 = P11,814.00. A minimum wage earner is exempted from paying income tax. Suppose his deductions per month are P236.28 for Pag-ibig, P350.00 for PhilHealth and P540.00 for SSS. What is the take home pay of the minimum wage earner in metro manila?
- еBook Show Me How Compute Payroll An employee earns $36 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 50 hours during the week. Assume further that the social security tax rate was 6.0%, the Medicare tax rate was 1.5%, and federal income tax to be withheld was $455. a. Determine the gross pay for the week. b. Determine the net pay for the week. Round your answer to two decimal places. %24 %24Compute the net pay for each employee using the federal income tax withholding table included. Assume that FICA Social Security tax is 6.2% on a wage base limit of $142,800, Medicare is 1.45% on all earnings, the payroll is paid biweekly, and no state income tax applies. (Round each computation to the nearest cent as needed.) View the employee information. Compute the net pay for each employee. View the biweekly payroll period percentage method withholding chart. Li Kan Isabel Poland Gross earnings for the current pay period Deductions for employee withholding taxes - BIWEEKLY Payroll Period Percentage Method Withholding Chart STANDARD Withholding Rate Schedules Single or Married Filing Separately of the amount The tentative amount to Plus this withhold is: percentage-exceeds— that the Adjusted Wage Total deductions Net pay Adjusted wage amount is at least $0, but less than $483 $ 0.00 0% $ Adjusted wage amount is at least $483, but less than $865 $ 0.00 10% $ 483 Adjusted wage amount…Assume that Johnson earns $24 per hour and he worked 40 hours this week. The Social Security rate is 6.2% and the Medicare rate is 1.45%, and his entire earnings are subject to both FICA taxes. Also, $120 in income taxes and $40 of union dues are withheld. Johnson's net take-home pay should be: Select one: O O O O A. $726.56 B. $800.00 C. $640.00 D. $738.80