Question: Hello; I need help with this homework, please. I hope you agree to do it. Thank you Payroll exercises (Value 28 points) Exercise 1: Calculation

Hello;
I need help with this homework, please. I hope you agree to do it. Thank you

Payroll exercises (Value 28 points) Exercise 1: Calculation of the total payment to an employee Weekly gross income of Roberto Rivera during the week ended September 5 totaled $ 800, and withholding federal income tax was $ 102.95. Before this week, Rivera had won $ 24,000 during the year. Under the assumption that the social security rate is 6% on the first $ 100,000 of annual income and Medicare is 1.5% of all income, what is the net salary of Rivera? Exercise 2: Net employee's salary Weekly gross income of Ted Ruiz during the week ending Dec. 18 were $ 2,000, and withholding federal income tax totaled $ 396.19. Before this week, Ruiz had won $ 98,500 during the year. Under the assumption that the social security rate is 6% on the first $ 100,000 in annual revenues, and Medicare is 1.5% of all income, what is the net pay of Ruiz Exercise 3: Roig Company paid gross wages of $ 200,000 during the week ended December 10th. The amount of wages subject to social security tax amounted to $ 180,000, while the amount of wages subject to federal taxes and state unemployment totaled $ 25,000. The following are the tax rates: social security (6%) Medicare (1.5%) State unemployment (5.3%) federal unemployment (0.8%) The total amount to be withheld from wages for federal income taxes totaled $ 40,000. a) Enter in the journal entry to record the payroll for the week of 10 December. b) Record in the journal entry to record the payroll tax expense Week of December 10 Payroll exercises (Value 28 points) Exercise 1: Calculation of the total payment to an employee Weekly gross income of Roberto Rivera during the week ended September 5 totaled $ 800, and withholding federal income tax was $ 102.95. Before this week, Rivera had won $ 24,000 during the year. Under the assumption that the social security rate is 6% on the first $ 100,000 of annual income and Medicare is 1.5% of all income, what is the net salary of Rivera? Gross income= $800 Less: federal income tax withholding= $ 102.95 Social security tax= $48 Medicare tax= $12 Net salary= $637.05 Exercise 2: Net employee's salary Weekly gross income of Ted Ruiz during the week ending Dec. 18 were $ 2,000, and withholding federal income tax totaled $ 396.19. Before this week, Ruiz had won $ 98,500 during the year. Under the assumption that the social security rate is 6% on the first $ 100,000 in annual revenues, and Medicare is 1.5% of all income, what is the net pay of Ruiz Gross wages= $2000 Minus: federal income tax= $396.19 Social security tax= $90 Medicare tax=$ 30 Net salary= $ 1,483.81 Exercise 3: Roig Company paid gross wages of $ 200,000 during the week ended December 10th. The amount of wages subject to social security tax amounted to $ 180,000, while the amount of wages subject to federal taxes and state unemployment totaled $ 25,000. The following are the tax rates: social security (6%) Medicare (1.5%) State unemployment (5.3%) federal unemployment (0.8%) The total amount to be withheld from wages for federal income taxes totaled $ 40,000. a) Enter in the journal entry to record the payroll for the week of 10 December. Wages Expenses Social security payable Medicare tax payable Employees federal income tax payable Wages payable $200, 000 $10,800 $3,000 $40,000 $146,200 b) Record in the journal entry to record the payroll tax expense Week of December 10 Social security tax Medicare tax State unemployment tax Federal unemployment tax $10,800 $3,000 $1,325 $200 Payroll exercises (Value 28 points) Exercise 1: Calculation of the total payment to an employee Weekly gross income of Roberto Rivera during the week ended September 5 totaled $ 800, and withholding federal income tax was $ 102.95. Before this week, Rivera had won $ 24,000 during the year. Under the assumption that the social security rate is 6% on the first $ 100,000 of annual income and Medicare is 1.5% of all income, what is the net salary of Rivera? Gross income= $800 Less: federal income tax withholding= $ 102.95 Social security tax= $48 Medicare tax= $12 Net salary= $637.05 Exercise 2: Net employee's salary Weekly gross income of Ted Ruiz during the week ending Dec. 18 were $ 2,000, and withholding federal income tax totaled $ 396.19. Before this week, Ruiz had won $ 98,500 during the year. Under the assumption that the social security rate is 6% on the first $ 100,000 in annual revenues, and Medicare is 1.5% of all income, what is the net pay of Ruiz Gross wages= $2000 Minus: federal income tax= $396.19 Social security tax= $90 Medicare tax=$ 30 Net salary= $ 1,483.81 Exercise 3: Roig Company paid gross wages of $ 200,000 during the week ended December 10th. The amount of wages subject to social security tax amounted to $ 180,000, while the amount of wages subject to federal taxes and state unemployment totaled $ 25,000. The following are the tax rates: social security (6%) Medicare (1.5%) State unemployment (5.3%) federal unemployment (0.8%) The total amount to be withheld from wages for federal income taxes totaled $ 40,000. a) Enter in the journal entry to record the payroll for the week of 10 December. Wages Expenses Social security payable Medicare tax payable Employees federal income tax payable Wages payable $200, 000 $10,800 $3,000 $40,000 $146,200 b) Record in the journal entry to record the payroll tax expense Week of December 10 Social security tax Medicare tax State unemployment tax Federal unemployment tax $10,800 $3,000 $1,325 $200
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