Brian Temple's cumulative earnings are $73,000, and his gross pay for the week is $5,300. If the

Fantastic news! We've Found the answer you've been seeking!

Question:

Brian Temple's cumulative earnings are $73,000, and his gross pay for the week is $5,300. If the FICA rates are: OASDI 6.2% on a limit of $106,800 and Medicare is 1.45%, what are his FICA-OASDI and FICA-Medicare taxes for the week?

Related Book For answer-question

Principles of Cost Accounting

ISBN: 978-1305087408

17th edition

Authors: Edward J. Vanderbeck, Maria Mitchell

See More Books

Posted Date: Jan 11, 2021 07:57 AM

See More Questions

Isabell's gross Pay for the week is $850. Her deduction for the federal income tax is based on a rate of 20%. Prior to this paycheck her YTD was $90,000. Virginia state tax rate is 5.75%. What is the...
Bri Company's gross pay for the week ended August 22 totalled $70,000, from which $3,330 was deducted for CPP, $1,281 for EI, and $19,360 for income tax. Prepare the entries to record (a) The...
The following information is from Direct to You Corp.s (DYC) financial records for its year ended December 31, 2020: Select statement of financial position information: 2020 2019 Investments in...
When completed submit your assignment to the appropriate area. Company A, an American company, owns Company B, a Canadian subsidiary. Company A borrowed 1,000,000 Canadian dollars as a hedge on its...
The following time series plot is based on data from the article Bubble Talk Expands: Corporate Debt Is Latest Concern Turning Heads(San Luis Obispo Tribune, September 13, 2002). It shows how...
Howell Ltd has the following account balances (in millions): Required Prepare an income statement and a supporting schedule of cost of goods manufactured for the year ended 31 December 2015. (For...
To what extent does ASOS sell through an integrated distribution channel system?
Recording Bad Debts and Interpreting Disclosure of Allowance for Doubtful Accounts Peets Coffee & Tea, Inc., is a specialty coffee roaster and marketer of branded fresh roasted whole bean coffee. It...
Sports Life Ltd. had the following accounts and unadjusted balances at April 30, 2022, the end of the company's fiscal year. The accounts are listed alphabetically and have normal debit or credit...
Let F be the language of all strings over {0,1} that do not contain a pair of 1s that are separated by an odd number of symbols. Give the state diagram of a DFA with five states that recognizes F....
1. Based on the given data calculate the probability that selected at random student is a girl OR student likes soccer. See tip for previous problem. a) 9/80 b) 8/9 c) 9/16 d) 8/15 2. Find...
Do you think that managerial practice and talent varies sufficiently between competitors to explain why one is stronger than another?
Pollution reduction costs money (both the equipment and the technology are expensive). Is pollution reduction consistent with profit maximization (consider short-run and long-run profit...
Show graphically why the problem of outsourcing production to China, Mexico, and elsewhere is a good move economically for many companies. (consider isoquant and isocosts maps for the USA and for...
Consider the specific-factors model, where the economy produces an agricultural good with land and labour and a manufactured good with capital and labour. The production process features diminishing...
The correlation between equity and bonds is 0.2. If the standard deviation of equity returns is 15% and the standard deviation of bond returns is 5%, what is the covariance between equity and bonds?
In Python Compute a root of the function f(x) = x-2 using the secant method with initial guess x = 1.5 and x = 1. Choose a different initial guess and compute another root of the function f(x).
Uniform electric field in Figure a uniform electric field is directed out of the page within a circular region of radius R = 3.00 cm. The magnitude of the electric field is given by E = (4.50 x 10-3...
Prepare a cost of goods sold budget for MacLaren Manufacturing Inc. for the year ended December 31, 2016, from the following estimates. Inventories of production units: Finished Goods January 1,...
Bryce Publishing Co. prepares income statements segmented by divisions, but the chief operating officer is not certain about how the company is actually performing. Financial data for the year follow...
Perkins Processors Inc. produces an average of 10,000 units each month. The factory standards are 20,000 hours of direct labor and 10,000 pounds of materials for this volume. The standard cost of...
The properties of water and steam become identical at (a) 0.1 bar (b) 1 bar (c) $100 \mathrm{bar}$ (d) 212.2 bar.
Steam from an engine exhaust at 1.25 bar flows steadily through an electric calorimeter and comes out at $1 \mathrm{bar}, 130^{\circ} \mathrm{C}$. The calorimeter has two $\mathrm{kW}$ heaters...
In thermodynamic analysis, a pure substance is that which (a) Consists of only a single chemical species (b) has no dissolved impurities (c) may have a number of chemical species but the composition...

Brian Temple's cumulative earnings are $73,000, and his gross pay for the week is $5,300. If the

Question:

Expert Answer:

FICAOASDI for the week 32860 FICAMedicare taxes ... View the full answer

Principles of Cost Accounting

Students also viewed these accounting questions