Woods Co. employed Brian Smith in 2013. Brian earned $5,400 per month and worked the entire year.
Question:
Required
a. Answer the following questions.
(1) What is Brian’s net pay per month?
(2) What amount does Brian pay monthly in FICA payroll taxes?
(3) What is the total payroll tax expense for Woods Co. for January 2013? February 2013?
March 2013? December 2013?
b. Assume that instead of $5,400 per month Brian earned $9,800 per month. Answer the questions in Requirement a.
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Related Book For
Fundamental financial accounting concepts
ISBN: 978-0078025365
8th edition
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
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