PAYROLL ACCT.,2019 ED.(LL)-TEXT
19th Edition
ISBN: 9781337619783
Author: BIEG
Publisher: CENGAGE L
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Question
Chapter 3, Problem 2SSQ
To determine
Identify the given statements that are subject to FICA tax.
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Students have asked these similar questions
15.Which of the following are deductions from AGI? (select all that apply).
One-half self-employment tax
Self-employed health insurance
Post-tax health insurance
Donations to a school
Supplies for a taxpayer's K-12 classroom
Moving expenses for military members on Permanent Change of Station orders
Student loan interest
Mortgage interest
20. Which of the following would be a non-taxable benefit to an employee?
a. A discount on a product that brings the selling price below the cost of goods sold.
b. A $100 gift card received for being employee of the month.
c. A free membership to the gym on the employer's site.
d. A cash allowance for lunches at local restaurants.
1. Who assigns the SUTA tax rate to an employer?
Answer:
A.
The Internal Revenue Service
B.
The state in which the employer is located
C.
The Social Security Administration
D.
The American Payroll Association
2. What is the due date for the first quarter FUTA tax?
Answer:
A.
April 30
B.
March 30
C.
April 15
D.
None of these options
3. Match each tax with its associated feature.
SUTA
Self-employment
Social Security and Medicare
The employer presently matches the amount employees pay.
If net SE income is below $400, no tax is due.
The number of laid-off employees may affect it.
Chapter 3 Solutions
PAYROLL ACCT.,2019 ED.(LL)-TEXT
Ch. 3 - Which of the following are covered by FICA...Ch. 3 - Prob. 2SSQCh. 3 - Prob. 3SSQCh. 3 - Lori Kinmark works as a jeweler for a local...Ch. 3 - _____1. Johnson Industries, a semiweekly...Ch. 3 - _____1. Employees FICA tax rates A. Severance pay...Ch. 3 - For social security purposes, what conditions must...Ch. 3 - Prob. 2QRCh. 3 - Prob. 3QRCh. 3 - Prob. 4QR
Ch. 3 - What are an employers responsibilities for FICA...Ch. 3 - Prob. 6QRCh. 3 - Prob. 7QRCh. 3 - Prob. 8QRCh. 3 - Prob. 9QRCh. 3 - Prob. 10QRCh. 3 - Prob. 11QRCh. 3 - Prob. 12QRCh. 3 - Prob. 13QRCh. 3 - Prob. 14QRCh. 3 - Prob. 15QRCh. 3 - During the year, employee Sean Matthews earned...Ch. 3 - In order to improve the cash flow of the company,...Ch. 3 - Prob. 3QDCh. 3 - Prob. 4QDCh. 3 - The biweekly taxable wages for the employees of...Ch. 3 - During 2019, Rachael Parkins, president of...Ch. 3 - Prob. 3PACh. 3 - Ken Gorman is a maitre d at Carmel Dinner Club. On...Ch. 3 - In 20-- the annual salaries paid each of the...Ch. 3 - Audrey Martin and Beth James are partners in the...Ch. 3 - Prob. 7PACh. 3 - Ralph Henwood was paid a salary of 64,600 during...Ch. 3 - Empty Fields Company pays its salaried employees...Ch. 3 - The monthly and hourly wage schedule for the...Ch. 3 - Prob. 11PACh. 3 - Prob. 12PACh. 3 - Prob. 13PACh. 3 - During the third calendar quarter of 20--, Bayview...Ch. 3 - Prob. 15PACh. 3 - Prob. 16PACh. 3 - Prob. 17PACh. 3 - Prob. 1PBCh. 3 - During 2019, Matti Conner, president of Maggert...Ch. 3 - Prob. 3PBCh. 3 - Moisa Evans is a maitre d at Red Rock Club. On...Ch. 3 - In 20-- the annual salaries paid each of the...Ch. 3 - Amanda Autry and Carley Wilson are partners in A ...Ch. 3 - Prob. 7PBCh. 3 - George Parker was paid a salary of 74,700 during...Ch. 3 - Prob. 9PBCh. 3 - The monthly and hourly wage schedule for the...Ch. 3 - Prob. 11PBCh. 3 - Prob. 12PBCh. 3 - Prob. 13PBCh. 3 - During the third calendar quarter of 20--, the...Ch. 3 - Prob. 15PBCh. 3 - Prob. 16PBCh. 3 - Prob. 17PBCh. 3 - Your assistant has just completed a rough draft of...Ch. 3 - Prob. 2CP
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Similar questions
- 1 In addition to federal income tax, social security, and Medicare, Ellen pays 2.4% state income tax, insurance, $135.31 to the credit union, and $20 to the United Way. % for state disability insurance (both based on gross earnings), $35.18 for term life 2 Fill out the following payroll voucher for Ellen for the month of September. (Use Exhibit 9-1 and Exhibit 9-2 from your text. Social Security Tax is 6.2% of gross wages up to $128,400. Medicare Tax is 1.45% of all gross wages.) Payroll Voucher Employee: Ellen Boxwood Tax Filing Status: Married く SSN: 999-99-9999 Withholding Allowances: 3 Full-time Pay Period From September to -Select-- ✓ Primary Withholdings: Additional Withholdings: Federal income tax $ Term life $ Social Security $ Credit union $ Medicare $ United Way $ State income tax $ State disability $ Gross earnings: $ Total withholdings: $arrow_forwardFederal withholding taxes and social security taxes are normally paid __________. once a year by the employer quarterly by the employer once a year by the employee monthly by the employerarrow_forward1. What tax is used by the federal government to provide unemployment compensation to individuals who are out of work? Answer: A. FUTA B. SUTA C. Medicare D. Social Security 2. When completing Form 1096, the maximum number of types of Form 1099 that may be selected is _____. Answer: A. 1 B. 2 C. 3 D. 4 3. What is the FUTA tax rate in a state that has a 1.5% credit reduction? Answer: A. 1.2% B. 1.5% C. 2.1% D. 2.7%arrow_forward
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