Question: Refer to Exercise 7B 3 and assume that the state changed
Refer to Exercise 7B-3 and assume that the state changed Aim’s SUTA tax rate to 3.5%. What effect would this change have on the total payroll tax expense?
Relevant QuestionsRefer to Exercise 7B-3. If D. Toll earned $3,000 for the week instead of $320, what effect would this change have on the total payroll tax expense?In Exercise7B-3.May Company has five salaried employees. Your task is to use the following information to calculate net pay for each employee:Assume the following:1. FICA OASDI is 6.2% on $106,800; FICA Medicare is 1.45% on all earnings.2. ...During the month of November the following transactions occurred.Assignment1. Record the following transactions in the general journal and post them to the general ledger.2. Prepare a trial balance as of November 30, ...Use the information from Exercise 8A-2 and the following information to prepare the general journal entry to record the payroll tax expense for the weekly payroll of September 9, 201X:Wages below the FUTA tax wage base limit ...From the following T-accounts, record the following: (a) The July 3 payment for FICA (OASDI and Medicare) and federal income taxes, (b) The July 30 payment of SUTA tax, (c) The July 30 deposit of any FUTA tax that may ...
Post your question