enrollment_id-80494010#m02c-taxes-for-gig-workers/a01/p06 axes for Gig Workers Estimated Tax Payments As an employee, some of your taxes are paid with each paycheck throughout the year. But as a self- employed business owner, you need to estimate what you will need to pay in the upcoming year and make payments four times a year, or quarterly. If Chinwe owes $2,164.00, what would her quarterly payments be? for mightshoor Type in payment amounts in each open field. Payment of Payment of Payment Submit April 15 June 15 September 15

enrollment_id-80494010#m02c-taxes-for-gig-workers/a01/p06 axes for Gig Workers Estimated Tax Payments As an employee, some of your taxes are paid with each paycheck throughout the year. But as a self- employed business owner, you need to estimate what you will need to pay in the upcoming year and make payments four times a year, or quarterly. If Chinwe owes $2,164.00, what would her quarterly payments be? for mightshoor Type in payment amounts in each open field. Payment of Payment of Payment Submit April 15 June 15 September 15

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Select the best answer. What is the maximum amount of tax credits available to employers for paid leave provided to employees under the FFCRA? 100% of the qualifying payments made to employees who took leave for a qualifying reason, A. thus giving the employer full reimbursement B. 100% of the payments made for the first two weeks of paid leave and 2/3ds of the payments made for the additional ten weeks C. 100% of the payments made to full-time employees only 100% of the payments made to employees who were employed for at least 30 days prior to D. the leave Submit Answers
Giana Bailey works for JMK all year and eams a monthly salary of $11.800 There is no overtima,pay Giana's income tax withholding rate is 10% of gross pay In addition to payroll taxes, Giana elects to contribute 3% monthly to United Way. JMK also deductss275 monthly for co-payment of the health insurance premium. As of September 30, Giana had $106,200 of cumulative eamings O (Cick the icon to view payroll tax rate information) Requirements 1. Compute Giana's net pay for October. 2. Journalize the accrual of salaries expense and the payments related to the employment of Giana Bailey. Requirement 1. Compute Giana's net pay for October. (Round all amounts to the nearest cent) Withholding deductions Net (take-home) pay Frie Choose trom any list or enter any number in the input fields and then click Check Answer
An employer whose quarterly employment tax liability is under $2,500 must deposit its taxes no less frequently than:? a. Monthly b. Quarterly c. Semi-weekly d. Annually
The employer paid the P30,000 monthly rental of the residential house used by M, the Manager of the corporation for the current year. The total rental expenses of M for the year paid by the employer is P360,000. Compute the following: 1) Monetary Value of the fringe benefits; 2) Grossed Up Monetary Value 3) Fringe Benefits Tax Payable. Upload your solutions in Spreadsheet Format.
9. Compute the prescribed minimum withholding tax of a manager whose monthly salary is P120 000 with transportation allowance of P20 000 and cost of living allowance of P25 000. How much will be her net earnings?
Complete the net salary for Mr. Ama given that he worked in an organization for 5000hrs. With an agreed hourly wage of Ghc5.00. Given that he did extra works in the form of allowances. Overtime allowance = 0.02% of gross. Maintenance 2% Safety 1%. Given also that there some deductions in the computation of his net i.e tax 1 = Ghc50.00 tax 2 = 0.2% of gross tax 3 = 1.1% of gross tax 4= 2% of gross
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G, the Manager of ABC Co., was given a fringe benefit of a Household Expense account for the salary of his driver and other personal expenses in the amount of P20,000 per month for the current year. Compute the following: 1) Grossed Up Monetary of the Fringe Benefits 2) Fringe Benefits Tax Payable 3) If G is employed in an Offshore Banking unit, compute the fringe Benefits Tax. Upload your solutions in Spreadsheet Format.
How to get the gross taxable income
Total Cost of Empleyee R.D. Kagen employs Audrey Lopez at a salary of $33,800 a year. Kagen is subject to employer Social Security taxes at a rate of 6.2% and Medicare taxes at a rate of 1.45% on Lopez's salary. In addition, Kegen must pey SUTA tax et a rate of 5.4% and FUTA tax at a rate of 0.0% on the first $7,000 uf Lopez's salary. Compute the total cost to Kagen of emplaying Lopez for the year.
1. Ms. Evelyn is tax compliance officer at the Bureau of internal revenue earning a monthly salary P35,196.00. How much is Ms. Evelyn's take home pay? 2. Allan S. Gala is a sales representative at a private pharmacy. He is given a monthly rice subsidy of P2,000.00. Over his monthly salary of P24,300.00. How much is his monthly net pay?