7. Find the federal withholding tax for Kate Hunter. Use the wage bracket method. Employee Kate...
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7. Find the federal withholding tax for Kate Hunter. Use the wage bracket method. Employee Kate Hunter Gross Earnings Married? $2282.58 monthly No SHORT ANSWER. Round to the nearest cent as needed. 6. Find the total amount that the employer must send to the IRS in a company where the employees paid a total of $2500 in Social Security tax last month, $522 in Medicare tax and $10,215 in federal withholding tax. The federal withholding tax is $ Withholding Allowances Mr. Shea's FICA is $ Mr. Shea's Medicare tax is $ Mr. Shea's SDI is $ Mr. Shea's State Withholding tax is $ Mr. Shea's other deductions total is $ Mr. Shea's Federal Withholding tax is $ Mr. Shea's net pay is $ 2 8. David Shea, industrial salesperson, has weekly earnings of $1529. He is married and claims four withholding allowances. His deductions include FICA, Medicare, state disability insurance, state withholding, union dues of $15.50, and credit union savings of $100 and federal withholding. Find his net pay for a week in February. Use the PERCENTAGE METHOD of withholding, a FICA rate of 6.2%, a Medicare rate of 1.45%, an SDI rate of 1%, and a state withholding tax of 3.4%. raw 9. An employee earns $3253 in the first quarter of the year, $2356 in the second quarter, and $3450 in the third quarter. Assume a FUTA rate of 6.0% of the first $7000 in earnings. < (a) The amount of earnings subject to unemployment tax in the third quarter is $ (b) The amount of unemployment tax due on third-quarter earnings is $ B 7. Find the federal withholding tax for Kate Hunter. Use the wage bracket method. Employee Kate Hunter Gross Earnings Married? $2282.58 monthly No SHORT ANSWER. Round to the nearest cent as needed. 6. Find the total amount that the employer must send to the IRS in a company where the employees paid a total of $2500 in Social Security tax last month, $522 in Medicare tax and $10,215 in federal withholding tax. The federal withholding tax is $ Withholding Allowances Mr. Shea's FICA is $ Mr. Shea's Medicare tax is $ Mr. Shea's SDI is $ Mr. Shea's State Withholding tax is $ Mr. Shea's other deductions total is $ Mr. Shea's Federal Withholding tax is $ Mr. Shea's net pay is $ 2 8. David Shea, industrial salesperson, has weekly earnings of $1529. He is married and claims four withholding allowances. His deductions include FICA, Medicare, state disability insurance, state withholding, union dues of $15.50, and credit union savings of $100 and federal withholding. Find his net pay for a week in February. Use the PERCENTAGE METHOD of withholding, a FICA rate of 6.2%, a Medicare rate of 1.45%, an SDI rate of 1%, and a state withholding tax of 3.4%. raw 9. An employee earns $3253 in the first quarter of the year, $2356 in the second quarter, and $3450 in the third quarter. Assume a FUTA rate of 6.0% of the first $7000 in earnings. < (a) The amount of earnings subject to unemployment tax in the third quarter is $ (b) The amount of unemployment tax due on third-quarter earnings is $ B
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Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1119368458
7th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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