0Lamden Company paid its employee Trudy, wages of $61,500 in 2020. Of this amount, $2,400 was allocated to sick pay for two weeks due to Trudy’s spouse contracting COVID and Trudy being quarantined. Trudy spent another 10 weeks at home caring for their children that were unable to attend school. Lamden allocated $10,000 in wages to family leave. Lamden allocated $6,000 of Trudy’s wages to the employee retention credit. The allocation of health care costs is $200 per week.

Complete the table.n

 Compute Lamden’s: 

Transcribed Image Text:

Round your answers to two decimal places. Credit for sick pay Credit for family leave Employee retention credit %24 %24 %24 Round your answers to two decimal places. Credit for sick pay Credit for family leave Employee retention credit %24 %24 %24

Answer rating: 100% (QA)

As per IRS rules relating to COVID sick leave provision an employer pays sick leave ... View the full answer