College Accounting (Book Only): A Career Approach
13th Edition
ISBN: 9781337280570
Author: Scott, Cathy J.
Publisher: South-Western College Pub
expand_more
expand_more
format_list_bulleted
Related questions
Question
During 20--, Rachael Lopez, president of Mathieson Company, was paid a semimonthly salary of $9,825. Compute the amount of FICA taxes that should be withheld from her.
Note: Rachael's tax return status is single. If an amount is zero, enter "0".
| OASDI | HI | ||
|---|---|---|---|
| a. | 9th paycheck | fill in the blank 1 of 7$ | fill in the blank 2 of 7$ |
| b. | 17th paycheck | fill in the blank 3 of 7$ | fill in the blank 4 of 7$ |
| c. | 20th paycheck | fill in the blank 5 of 7$ | fill in the blank 6 of 7$ |
| d. | If Lopez's year-to-date earnings as of her 24th paycheck are $235,800, and her year-end bonus is $100,000, how much additional 0.9% HI tax would be withheld for the year? |
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by stepSolved in 2 steps
Knowledge Booster
Similar questions
- During 20--, Rachael Parkins, president of Mathieson Company, was paid a semimonthly salary of $8,500. Compute the amount of FICA taxes that should be withheld from her. Note: Rachael's tax return status is single. If an amount is zero, enter "0". OASDI HI a. 9th paycheck $fill in the blank 1 $fill in the blank 2 b. 17th paycheck $fill in the blank 3 $fill in the blank 4 c. 23rd paycheck $fill in the blank 5 $fill in the blank 6 d. If Rachael Parkin's year-to-date earnings as of her 24th paycheck are $204,000, and her year-end bonus is $100,000, how much is the additional 0.9% HI tax on all total earnings? $fill in the blank 7arrow_forwardDuring 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?arrow_forwardDuring 20--, Rachael Parkins, president of Mathieson Company, was paid a semimonthly salary of $8,000. Compute the amount of FICA taxes that should be withheld from her. Note: Rachael's tax return status is single. If an amount is zero, enter "0". OASDI a. 9th paycheck b. 17th paycheck c. 24th paycheck d. If Rachael Parkin's year-to-date earnings as of her 24th paycheck are $192,000, and her year-end bonus is $100,000, how much is the additional 0.9% HI tax withheld? $ 496 ✓ 496 X ✓ $ $ $ HI 116 116 116 828arrow_forward
- During 20--, Rachael Parkins, president of Mathieson Company, was paid a semimonthly salary of $8,000. Compute the amount of FICA taxes that should be withheld from her. Note: Rachael's tax return status is single. If an amount is zero, enter "0". OASDI HI a. 9th paycheck b. 17th paycheck c. 24th paycheck d. If Rachael Parkin's year-to-date earnings as of her 24th paycheck are $192,000, and her year-end bonus is $100,000, how much is the additional 0.9% HI tax withheld?arrow_forwardExample 3-1 During 20--, Rachael Lopez, president of Mathieson Company, was paid a semimonthly salary of $9,825. Compute the amount of FICA taxes that should be withheld from her. Note: Rachael's tax return status is single. If an amount is zero, enter "0". OASDI a. 9th paycheck b. 17th paycheck c. 20th paycheck d. If Lopez's year-to-date earnings as of her 24th paycheck are $235,800, and her year-end bonus is $100,000, how much additional 0.9% HI tax would be withheld HI 609.15 ✔ 142.46 $arrow_forwardExample 3-1 During 20--, Rachael Parkins, president of Mathieson Company, was paid a semimonthly salary of $8,500. Compute the amount of FICA taxes that should be withheld from her. Note: Rachael's tax return status is single. If an amount is zero, enter "0". OASDI HI a. 9th paycheck b. 17th paycheck c. 23rd paycheck d. If Rachael Parkin's year-to-date earnings as of her 24th paycheck are $204,000, and her year-end bonus is $100,000, how much is the additional 0.9% HI tax on all total earnings?arrow_forward
- Example 3-1 During 20--, Rachael Lopez, president of Mathieson Company, was paid a semimonthly salary of $9,000. Compute the amount of FICA taxes that should be withheld from her. Note: Rachael's tax return status s single. If an amount is zero, enter "0". a. 9th paycheck b. 17th paycheck c. 22nd paycheck d. If Lopez's year-to-date earnings as of her 24th paycheck are $216,000, and her year-end bonus is $100,000, how much additional 0.9% HI tax would be deducted for the year? $ $ OASDI 558 186 ✓ 0 ✓ $ HI 1,044 ✔arrow_forwardDuring 20--, Rachael Lopez, president of Mathieson Company, was paid a semimonthly salary of $7,800. Compute the amount of FICA taxes that should be withheld from her. If an amount is zero, enter "0". OASDI HI a. 9th paycheck $ $ b. 19th paycheck $ $ c. 23th paycheck $fill in the blank 5 $ d. If Lopez'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 on all total earnings?arrow_forwardDuring 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 paycheckarrow_forward
- 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 earningsarrow_forwardSh26arrow_forwardam. 120.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- College Accounting (Book Only): A Career ApproachAccountingISBN:9781337280570Author:Scott, Cathy J.Publisher:South-Western College Pub
College Accounting (Book Only): A Career ApproachAccountingISBN:9781305084087Author:Cathy J. ScottPublisher:Cengage Learning
College Accounting (Book Only): A Career Approach
Accounting
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:South-Western College Pub
College Accounting (Book Only): A Career Approach
Accounting
ISBN:9781305084087
Author:Cathy J. Scott
Publisher:Cengage Learning