PAYROLL ACCT.,2019 ED.(LL)-TEXT
PAYROLL ACCT.,2019 ED.(LL)-TEXT
19th Edition
ISBN: 9781337619783
Author: BIEG
Publisher: CENGAGE L
Question
Book Icon
Chapter 5, Problem 1CP
To determine

State few suggestions that help reduce the ‘unfair’ burden of the state unemployment taxes on Company H.

Blurred answer
Students have asked these similar questions
Over the past two years, Kermit Stone, The comptroller of Hilton Company, Has been concerned that the company has been paying a large amount of money for state unemployment taxes. On reviewing the "unemployment file" with the head accountant, Deborah Martha, he learns that the companies tax rate is near the top of the range of the states experience-rating system. After calling the local unemployment office, stone realizes that the turnover of employees at Hilton company has had an adverse effect on the companies tax rates. In addition, after consulting with Murtha, he discovers that the eligibility reports that come from the state unemployment office or just signed and sent back to the state without any review. The eligibility reports or notices that an ex employee has filed a claim for unemployment benefits. By signing these reports "blindly", The company, in effect, tells the state that the employee is eligible for the benefits. Any benefits paid or charged by the state against…
Mary Tan is the controller for Duck Associates, a property management company in Portland, Oregon. Each year, Tan and payroll clerk Toby Stock meet with the external auditors about payroll accounting. This year, the auditors suggest that Tan consider outsourcing Duck Associates’s payroll accounting to a company specializing in payroll processing services. This would allow Tan and her staff to focus on their primary responsibility: accounting for the properties under management. At present, payroll requires 1.5 employee positions—payroll clerk Toby Stock and a bookkeeper who spends half her time entering payroll data in the system. Tan considers this suggestion, and she lists the following items relating to outsourcing payroll accounting: The current payroll software that was purchased for $4,000 three years ago would not be needed if payroll processing were outsourced. Duck Associates’s bookkeeper would spend half her time preparing the weekly payroll input form that is given to the…
Recently, you have been recruited as a payroll accountant in a small company. The company did not have any ideas about the employer status for FUTA tax calculations. Based on your findings, the company is actually considered as an employer and is liable for FUTA tax for the entire calendar year.  Advise the executives of the company regarding the quarterly deposits of FUTA taxes.
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
College Accounting (Book Only): A Career Approach
Accounting
ISBN:9781305084087
Author:Cathy J. Scott
Publisher:Cengage Learning
Text book image
College Accounting (Book Only): A Career Approach
Accounting
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:South-Western College Pub
Text book image
SWFT Essntl Tax Individ/Bus Entities 2020
Accounting
ISBN:9780357391266
Author:Nellen
Publisher:Cengage
Text book image
PAYROLL ACCT., 2019 ED.(LL)-TEXT
Accounting
ISBN:9781337619783
Author:BIEG
Publisher:CENGAGE L
Text book image
SWFT Comprehensive Volume 2019
Accounting
ISBN:9780357233306
Author:Maloney
Publisher:Cengage
Text book image
SWFT Comprehensive Vol 2020
Accounting
ISBN:9780357391723
Author:Maloney
Publisher:Cengage