LO 3 See Examala 2-5 Ralph Henwood was paid a salary of $64.600 during 20-- by Odesto Company. In addition, during the year Henwood started his own business as a public accountant and reported a net business income of s80.000 en his income tax return for 20--. Compute the following a. The amourt of FICA Laes that was withedd from his camings during 20- by Odesto Company. OASDI S b. Henwood's sel-employment tawes on the income derived from the public accunting business for 20--. OASDI S HI S

Summary Payroll Data In the following summary of data for a payroll period, some amounts have been intentionally omitted: Earnings: 1. At regular rate 2. At overtime rate 3. Total earnings Deductions: 4. Social security tax 5. Medicare tax 6. Income tax withheld 7. Medical insurance 8. Union dues 9. Total deductions 10. Net amount paid Accounts debited: 11. Factory Wages 12. Sales Salaries 13. Office Salaries $80,000 ? (32,400) (8,100) (135,000) (18,900) (201,150) $338,850 285,000 ? 120,000 a. Calculate the amounts omitted in lines (1), (3), (8), and (12). Assume that the social security tax rate was 6.0% and the Medicare tax rate was 1.5%. (1) (3)

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S eBook Ask Print eferences Mc Graw Hill :: -WKCTC_....txt FI 2 W S KMH Industries is a monthly schedule depositor of payroll taxes. For the month of August 2021, the payroll taxes (employee and employer share combined) were as follows: X Social Security tax: $5,056.78 Medicare tax: $1,182.63 Employee Federal income tax: $3,960.00 Required: Create the General Journal entry for the remittance of the taxes. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to 2 decimal places.) View transaction list A Journal entry worksheet 4² Record the remittance of August payroll taxes. Note: Enter debits before credits. # 3 1 E D Data C 8.0 F3 $ 4 JUL 22 R F a F4 V General Inurnal % 5 T F5 G 8 DII FB M 1 ( 9 K ران DD F9 O ) O A F10 L P Ⓡ command C F11 - 9 F12 option

Bart Consulting Firm has the following payroll information for the week ended March 20th: Name Earnings at the end of the previous week Sun. Mon. Tues. Wed. Thurs. Fri. Sat. Pay Rate Federal Income Tax Lauren, F 14,400   8 8 8 8 8   30.00 222.52 Baylor, M 12,000     8 8 8 8 8 25.00 178.55 Lims, T 7,200   8 8 8 8 8   15.00 78.00 Tate, C 6,000   8 8 8 8 8   15.00 62.00 Musker, J 4,320     8   8   8 15.00 15.00 Mako, W 3,888   8   8     8 13.50 11.00 Additional Information: Taxable earnings for Social Security are based on the first $132,900. Taxable earnings for Medicare are based on all earnings. Taxable earnings for federal and state unemployment are based on the first $7,000. Employees are paid time-and-a-half for work in excess of 40 hours per week. Round amounts to the nearest penny. What you must do: Complete the attached Payroll Register (Excel Spreadsheet). Use the following information to help: The Social Security tax rate is 6.2 percent. The Medicare tax…

DIRECTIONS                     1 Journalize the entry to RECORD the payroll                 2 Journalize the entry to RECORD the employer's payroll taxes (SUTA rate is 3.7%)         3 Journalize the entry to deposit the FICA and FIT taxes                                             TOTAL EARNINGS FICA OASDI FICA HI FIT W/H STATE TAX UNION DUES NET PAY             $36,195.10 $2,244.10 $524.83 $6,515.00 $361.95 $500.00 $26,049.22                                                           1 JOURNAL                               DATE DESCRIPTION   DEBIT   CREDIT                                                                                                                                                                                                                                                                 2 JOURNAL                               DATE DESCRIPTION   DEBIT   CREDIT…

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Question text The totals from the first payroll of the year are shown below.​ Total Earnings FICA OASDI FICA HI FIT W/H State Tax Union Dues Net Pay  $36,195.10  $2,244.10  $524.83 $6,515.00 $361.95 $500.00 $26,049.22 ​ Journalize the entry to deposit the FICA and FIT taxes.

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I need help getting the answer to question #2!!