Assume the following payroll information for Jane Smith: Gross pay $10,000; deductions: income tax $2,500, FICA Social Security $620, FICA Medicare $145; company health insurance plan, $100.  What is the total amount remitted to the Internal Revenue Service by the employer? Assume gross salary maximums have not been reached. $1,530 $4,030 $4,130 $6,530

• X Corp. pays its employees monthly. The payroll information for Employee Barney listed below is for January, 2021, the first month of X's fiscal year. Salary: $40,000 Fed. Income Tax Withheld: $8,000 Federal and State Unemployment Tax: 6% Social Security Tax: 6.2% Medicare Tax: 1.45% Payroll tax expense related to this employee will be: O $7,140 $47,140 O $40,000 O $5,460

Solve the problem using 6.2%, up to $128,400 for Social Security tax and using 1.45%, no wage limit, for Medicare tax. Calculate the monthly Social Security and Medicare withholdings (in $) for the employee as the payroll manager for a cargo and freight company. Year-to-Date Employee Earnings Current Month Social Security Graham, C. $14,300 $1,780 Medicare

K t ht ences The employees of Ethereal Bank are paid on a semimonthly basis. All employees are single. There are no pre-tax deductions. Required: Compute the FICA taxes for the employees for the November 30 payroll. All employees have been employed for the entire calendar year. Note: Round "Social Security Tax" and "Medicare Tax" to 2 decimal places. Employee R. Bellagio B. Khumalo S. Schriver K. Saetang T. Ahmad M. Petrova Semimonthly Pay $ $ $ $ $ $ 9,519 6,719 6,838 8,200 10,700 9,050 YTD Pay for November 15 Pay Date Social Security Tax for November 30 Pay Date Medicare Tax for November 30 Pay Date

An employee who earned a salary of $4,000 per month was startled at how low his net pay was. The Payroll Department provided the following information: CPP: $100 each (employee and employer EI: $80 re employee. $112 re emplyer Income tax $750 Union dues $50 Charitable donation $25 Vacation pay accrued $240 Calculate the employee’s net pay.   Select answer from the options below $2,783 $2,995 $2,775 $2,543

Use the percentage method to compute the federal income taxes to withhold from the wages or salaries of each employee. If an amount is zero, enter "0". If required, round your calculations and final answers to the nearest cent.   EmployeeNo. Employee  Name Marital Status No. of WithholdingAllowances Gross Wageor Salary Amountto BeWithheld 1 Amoroso, A. M 4 $1,610  weekly $fill in the blank 1 2 Finley, R. S 0 825  biweekly fill in the blank 2 3 Gluck, E. S 5 9,630  quarterly fill in the blank 3 4 Quinn, S. M 8 925  semimonthly fill in the blank 4 5 Treave, Y. M 3 2,875  monthly

Journalize the following data taken from the payroll register of CopyMasters as of April 15, 20—. When required, enter amounts in dollars and cents. If an amount box does not require an entry, leave it blank. Regular earnings $ 5,715.00 Overtime earnings   790.00 Deductions:           Federal income tax   625.00       Social Security tax   403.31       Medicare tax   94.32       Pension plan   80.00       Health insurance premiums   270.00       United Way contributions   100.00    Journalize the following data taken from the payroll register of CopyMasters as of April 15, 20—. When required, enter amounts in dollars and cents. If an amount box does not require an entry, leave it blank. Page:     DATE ACCOUNT TITLE DOC. NO. POST. REF. DEBIT CREDIT   1 20-- Apr. 15 Wages and salaries expense          1 2   Employee federal income tax payable        625 2 3   Social Security tax payable        403.31 3 4   Medicare tax payable        94.32 4 5…

Assume a tax rate of 6.2% on $142,800 for Social Security and 1.45% for Medicare. No one will reach the maximum for FICA. Complete the following payroll register. (Use the percentage method to calculate FIT for this weekly period.) (Use Table 9.1). Note: Do not round intermediate calculations and round your final answers to the nearest cent. Employee Pat Brown Marital status S Gross pay $ 1,900 FIT Social Security FICA Medicare Net pay

Data about the marital status, withholding allowances, and weekly salaries of the four office workers at Ollies Supplies are as follows. (Use the tables shown in Figure 10.1A & Figure 10.1B) Find the amount of federal income tax to be deducted from each employee's gross pay. Employee Marital Number Status Allowances Withholding Weekly Salary Income Tax Withholding 1 M 3 $ 690 2 S 3 575 3 M 1 715 4 S 3 505

2. Below is the payroll register for Akai company's September 30, 2024, weekly payroll: Deductions Gross Employee Federal Income Marital Tax Status Earnings Withheld Social State Tax Withheld Security Medicare Tax Withheld Tax Medical Insurance Withheld Dental Insurance Withheld Withheld Net Pay a. Akai, J. Single $1,200.00 $168.00 $96.00 $74.40 $17.40 $80.00 $20.00 $744.20 b. Green, W. Single 840.00 117.60 67.20 52.08 12.18 80.00 20.00 490.94 c. Hernandez, L. Married 1,280.00 128.00 102.40 79.36 18.56 125.00 30.00 796.68 d. Vang, G. Married 1,100.00 110.00 88.00 68.20 15.95 125.00 30.00 662.85 e. Hurst, A. Married 680.00 68.00 54.40 42.16 9.86 125.00 30.00 350.58 Totals $5,100.00 $591.60 $408.00 $316.20 $73.95 $535.00 $130.00 $3,045.25 A. Based on the information in the September 30, 2024, payroll register, and the list of general ledger accounts below, record the payroll journal entry below DATE 20-- Sept. 30 GENERAL JOURNAL PAGE DESCRIPTION DOC. NO. POST. REF. DEBIT CREDIT General…